Federal

  • April 09, 2025

    Tax Court Restores $74M In Deductions For Met Donations

    A philanthropist can take nearly $74 million in charitable tax deductions for paintings he donated to the Metropolitan Museum of Art, even though the values were determined by an unqualified appraiser, the U.S. Tax Court ruled Wednesday in restoring a tax break denied by the IRS.

  • April 09, 2025

    3rd Circ. Affirms NJ CPA's Tax Bill Over Rehashed Arguments

    The U.S. Tax Court correctly determined that a New Jersey certified public accountant owed roughly $23,000 in federal income taxes, rejecting his previously deemed frivolous arguments that he was actually owed $30,000 in refunds, the Third Circuit said Wednesday.

  • April 09, 2025

    Trump Halts Reciprocal Tariffs For 90 Days, Ups China Rates

    President Donald Trump has ordered a 90-day pause on reciprocal tariffs for certain countries hours after they took effect, except for China, whose imports he said now face an increased tariff of 125%, according to a Wednesday social media post.

  • April 09, 2025

    IRS Acting Chief To Stay On Through Mid-May, Treasury Says

    The Internal Revenue Service's interim leader, Melanie Krause, will stay at her post through May 15, the U.S. Treasury Department said Wednesday, after she and other officials reportedly said they would resign following an IRS agreement to share taxpayer information with immigration enforcement agencies.

  • April 09, 2025

    Canada Retaliates With 25% Tariffs On US Cars And Parts

    Canada began slapping 25% tariffs on American cars and parts Wednesday as retaliation against tariffs on Canadian products implemented by President Donald Trump, the country's Department of Finance announced.

  • April 09, 2025

    Denial Of Child Tax Credit For Mother Upheld By Tax Court

    A Florida woman is not entitled to claim a child who lived with her ex-husband as a dependent, nor can she claim the associated child tax credit, since her ex also claimed the child, the U.S. Tax Court said Wednesday.

  • April 09, 2025

    Eaton Asks To Redact Docs Before Court Review Of Tax Case

    Multinational power company Eaton Corp. asked an Ohio district court to allow it to redact information related to employees' sexual orientation and religious beliefs before the court's Sixth Circuit-ordered review of their records, saying such information isn't relevant to its transfer pricing dispute.

  • April 09, 2025

    EU Votes To Hike Levies In Response To US Metal Tariffs

    The European Union approved raising tariffs on U.S. goods in response to President Donald Trump's tariffs on steel and aluminum imposed in March, although the bloc has not yet made public the final list of products affected.

  • April 09, 2025

    IRS Claim Of Lost Records Not Fraud, DC Circ. Told

    The D.C. Circuit should uphold a finding that the Internal Revenue Service did not commit fraud when it said that two boxes of records were lost when it responded to requests for documents underlying a businessman's $18 million tax judgment, the government argued Wednesday.

  • April 08, 2025

    Feds Call Exec Charged With Tax Evasion A Flight Risk

    An aerospace company founder facing tax evasion and other fraud charges should remain in pretrial detention because he's a major flight risk, prosecutors told a D.C. federal court.

  • April 08, 2025

    Boston Pol To Resign After Admitting Kickback Scheme

    A Boston city councilor said Tuesday she will resign from her position, after agreeing to plead guilty to using taxpayer funds in a bonus-kickback scheme that involved a secretive $7,000 cash handoff in a City Hall bathroom.

  • April 08, 2025

    GOP, Panelists Urge Estate Tax Repeal As Aid For Small Biz

    Congress should impose additional tax relief, including repealing the estate tax, in addition to extending the Tax Cuts and Jobs Act's expired and expiring provisions this year, Republicans and several witnesses said during a hearing held by House and Senate committees Tuesday.

  • April 08, 2025

    IT Staffing Co. CEO Charged With $2M Payroll Tax Fraud

    The chief executive officer of a Philadelphia-area information technology staffing firm was charged with failing to collect and pay $2 million in trust fund taxes on behalf of his company and also perjuring himself in his Chapter 13 bankruptcy proceedings.

  • April 08, 2025

    Tax-Dodging Ex-Software Exec Denied Bond Pending Appeal

    A former software executive sentenced to a year in prison for failing to pay over $600,000 in employment taxes in the years before his company failed cannot remain free on bond while he appeals his conviction, a North Carolina federal judge said Tuesday.

  • April 08, 2025

    Judge Won't Block IRS' Automatic Denials Of Worker Credits

    An Arizona federal judge rejected a request by two tax assistance companies to stop the IRS from issuing batch denials of thousands of pandemic-era worker credit claims, saying the companies, which take a cut of the refunded credits as fees, lack the legally required interest in their clients' refunds.

  • April 08, 2025

    Hughes Hubbard Expands Finance Practice With Tax Expert

    Hughes Hubbard & Reed LLP announced it is expanding the firm's project finance practice by adding a former Norton Rose Fulbright attorney with a background in tax law to its Washington, D.C., office.

  • April 08, 2025

    IRS Acting Chief To Depart Amid ICE Info Sharing Deal

    The Internal Revenue Service's acting commissioner Melanie Krause plans to step down, the White House confirmed Tuesday, after the agency struck an agreement with immigration enforcement authorities to share taxpayer records of non-U.S. citizens under criminal investigation.

  • April 08, 2025

    6th Circ. Upholds Mich. Lawyer's Tax Fraud Convictions

    A Michigan personal injury lawyer convicted of filing false tax returns lost a bid for a second trial Monday, as a federal appeals court said he repeated defenses already rejected once by a jury. 

  • April 08, 2025

    Justices Halt Order To Reinstate Federal Workers

    The U.S. Supreme Court on Tuesday hit pause on a California federal court order reinstating tens of thousands of probationary federal workers who were fired from six agencies, agreeing with the Trump administration that the nonprofit groups that obtained the order lack standing to challenge the firings. 

  • April 07, 2025

    DOJ Says Partnerships Can't Wipe Out $4M Tax Lien

    Two partnerships cannot use a mortgage sale to foreclose on properties and wipe out the government's $4 million tax lien on a couple's real estate, the U.S. told a Washington federal court.

  • April 07, 2025

    Tax Court Backs Founder's Valuation Of Baby Products Co.

    The U.S. Tax Court sided Monday with a founder of a line of knockoff baby products who claimed the company was worth about $10 million less than the IRS believed, saying the agency's appraisal failed to consider the impact of his extramarital affair and an ensuing FBI investigation.

  • April 07, 2025

    Trump Threatens Triple-Digit Tariff Rates If China Retaliates

    President Donald Trump on Monday threatened an additional 50% tariff on Chinese imports entering the U.S., which would drive the total rate above 100%, if Beijing follows through on the retaliatory tariffs announced last week in response to Trump's reciprocal plan.

  • April 07, 2025

    TCJA Designer Tapped For Key Policy Role At Treasury

    An architect of the 2017 federal tax overhaul has been picked to serve as assistant secretary for legislative affairs at the U.S. Treasury Department, Treasury Secretary Scott Bessent said in announcing several appointments at the agency.

  • April 07, 2025

    3 Plead To Construction Scheme That Skirted $26M In Taxes

    Three Floridians have pled guilty to a fraud scheme that prosecutors said caused more than $26 million in tax losses, bilked insurance companies and helped employ people unauthorized to work in the United States, according to court filings.

  • April 06, 2025

    Senate Passes Amended Budget With Permanent Tax Cuts

    The Senate sent back to the House an amended budget bill that would permanently extend the Tax Cuts and Jobs Act and allow for up to $1.5 trillion in other tax cuts, setting the stage for negotiations on the bill between the two chambers.

Expert Analysis

  • So You Want To Move Your Law Practice To Canada, Eh?

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    Google searches for how to move to Canada have surged in the wake of the U.S. presidential election, and if you’re an attorney considering a move to the Great White North, you’ll need to understand how the practice of law differs across the border, says David Postel at Henein Hutchison.

  • Legislation Most Likely To Pass In Lame Duck Session

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    As Congress begins its five-week post-election lame duck session, attorneys at Greenberg Traurig break down the legislative priorities and which proposals can be expected to pass.

  • What Trump's 2nd Presidency Could Mean For Crypto Sector

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    Trump's second term will bring a fundamental shift from the Biden administration's approach to crypto-asset regulation and banking supervision, with the most significant changes likely taking effect in the first two quarters of 2025 and broader policy shifts emerging over the next year, say attorneys at Cahill.

  • Promoting Diversity In The Selection Of ADR Neutrals

    Excerpt from Practical Guidance
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    Choosing neutrals from diverse backgrounds is an important step in promoting inclusion in the legal profession, and it can enhance the legitimacy and public perception of alternative dispute resolution proceedings, say attorneys at Lowenstein Sandler.

  • Striking A Balance Between AI Use And Attorney Well-Being

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    As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.

  • Takeaways From The IRS' Crypto Doc Summons Win

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    A recent First Circuit decision holding that taxpayers do not have a Fourth Amendment reasonable expectation of privacy in cryptocurrency transaction records should prompt both taxpayers and exchanges to take stock of past transactions and future plans, say attorneys at BakerHostetler.

  • How Judiciary Can Minimize AI Risks In Secondary Sources

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    Because courts’ standing orders on generative artificial intelligence and other safeguards do not address the risk of hallucinations in secondary source materials, the judiciary should consider enlisting legal publishers and database hosts to protect against AI-generated inaccuracies, say attorneys at Lankler Siffert & Wohl.

  • How Attorneys Can Break Free From Career Enmeshment

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    Ambitious attorneys can sometimes experience career enmeshment — when your sense of self-worth becomes unhealthily tangled up in your legal vocation — but taking the time to discover and realign with your core personal values can help you recover your identity, says Janna Koretz at Azimuth Psychological.

  • Ex-Chicago Politician's Case May Further Curb Fraud Theories

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    The U.S. Supreme Court recently agreed to hear Thompson v. U.S. to determine whether a statement that is misleading but not false still violates federal law, potentially heralding the court’s largest check yet on prosecutors’ expansive fraud theories, with significant implications for sentencing, say attorneys at the Law Offices of Alan Ellis.

  • Lawyers With Disabilities Are Seeking Equity, Not Pity

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    Attorneys living with disabilities face extra challenges — including the need for special accommodations, the fear of stigmatization and the risk of being tokenized — but if given equitable opportunities, they can still rise to the top of their field, says Kate Reder Sheikh, a former attorney and legal recruiter at Major Lindsey & Africa.

  • Judicial Committee Best Venue For Litigation Funding Rules

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    The Advisory Committee on Civil Rules' recent decision to consider developing a rule for litigation funding disclosure is a welcome development, ensuring that the result will be the product of a thorough, inclusive and deliberative process that appropriately balances all interests, says Stewart Ackerly at Statera Capital.

  • The Strategic Advantages Of Appointing A Law Firm CEO

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    The impact on law firms of the recent CrowdStrike outage underscores that the business of law is no longer merely about providing supplemental support for legal practice — and helps explain why some law firms are appointing dedicated, full-time CEOs to navigate the challenges of the modern legal landscape, says Jennifer Johnson at Calibrate Strategies.

  • Tariffs' Economic Downsides Outweigh Potential Revenue

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    Import tariffs proposed by the campaign of former president Donald Trump would generate revenue like other taxes, but policymakers must consider the net-negative impact of associated consumer and downstream-industry costs, harm to exporters, potential foreign retaliation and reduction in economic output, says Erica York at the Tax Foundation.

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