Federal

  • October 16, 2026

    Applicable Federal Rates To Climb In November, IRS Says

    Applicable federal rates are set to increase across the board in November for federal income tax purposes, the Internal Revenue Service announced Friday.

  • October 16, 2026

    IRS Finalizes Rules To Take Payments Directly By Credit Card

    Taxpayers could sidestep third-party payment processors and make tax payments directly to the Internal Revenue Service using their credit card under final rules released by the agency Friday.

  • October 16, 2026

    Taxation With Representation: Freshfields, Morgan Lewis

    In this week's Taxation With Representation, Penske Automotive Group Inc. agrees to be taken private by Motown Acquisition Corp., a GTCR-led group of private investment firms acquires software firm CCC Intelligent Solutions Holdings Inc. and a Steris PLC subsidiary buys specialty surgical products business Xodus Medical Inc.

  • October 16, 2026

    Eaton To Defend Prices Paid For Breaker Products At Trial 2

    Ohio-based Eaton Corp. is preparing to defend the prices it paid during 2011 to 2013 for electrical breakers and other products from manufacturing affiliates in Puerto Rico and the Dominican Republic when its second U.S. Tax Court trial begins Nov. 2.

  • October 15, 2026

    No Sanctions Over Lost Evidence In Tax Software Dispute

    A Pennsylvania federal court won't sanction tax software company Avalara Inc. for destroying evidence in an employee poaching suit brought by a rival, as the judge adopted a special master's findings that the rival couldn't show the missing evidence harmed its case.

  • October 15, 2026

    IRS Says Donor Disclosure Rule Is Key To Tax Compliance

    The Internal Revenue Service's nonprofit donor disclosure rule doesn't violate the First Amendment, the agency told a D.C. federal court, arguing the rule promotes voluntary compliance from nonprofits through information reporting requirements.

  • October 15, 2026

    Innocent Spouse Tax Relief Bid Timely Filed, 5th Circ. Told

    The U.S. Tax Court improperly concluded that a Texas woman narrowly missed a statutory filing deadline in seeking innocent spouse relief on federal income taxes and shouldn't have dismissed her case, she told the Fifth Circuit, arguing the deadline isn't jurisdictional.

  • October 15, 2026

    IRS Finalizes Liability Regs In Corporate Group Transfers

    The Internal Revenue Service finalized regulations Thursday clarifying that a corporate subsidiary's tax basis in stock received in an intracompany transfer will exclude certain liabilities assumed by the transferee subsidiary, affecting affiliated groups of companies that file one income tax return together.

  • October 15, 2026

    Partnership Defends 1,500-Acre Gift, $19M Deduction

    A partnership that donated over 1,500 acres in Bullock County, Alabama, to a conservancy in 2018 should be allowed to deduct $19.4 million for the gift and isn't liable for penalties, it told the U.S. Tax Court.

  • October 14, 2026

    Sens. Probe Meta For Claiming Tax Credits On AI Data Centers

    Democratic senators called on Meta CEO Mark Zuckerberg to explain why he's justifying the use of billions in federal research tax credits to pay for building the company's AI data centers, warning that doing so is a possible misapplication of federal tax law that could prompt further investigation.

  • October 14, 2026

    DOJ, IRS Say Enforcement Surge Exposed $490M In Tax Fraud

    The U.S. Department of Justice prosecuted 76 people linked to more than $490 million in federal revenue losses as part of a stepped-up enforcement effort with the IRS and U.S. attorneys' offices over the past six weeks, the leader of the DOJ's new fraud division said Wednesday.

  • October 14, 2026

    Trustee Asks 1st Circ. To Nix Shuttered Bank Owner's Claims

    A Puerto Rico federal court properly dismissed claims against a trustee appointed to administer the receivership of a shuttered online bank suspected of facilitating tax evasion and money laundering, he told the First Circuit, saying he's entitled to 11th Amendment immunity because he was sued in his official capacity.

  • October 14, 2026

    Boston Financial Raises $191M For Affordable Housing Fund

    Boston Financial has closed its latest low-income housing tax credit fund at $191 million, with plans to funnel the capital toward 16 affordable housing communities in 12 states, the firm announced Wednesday.

  • October 14, 2026

    Double Tax Fears In UN Talks Are Overblown, Economists Say

    Wealthy countries are invoking the risk of double taxation to defend existing international tax rules that let multinational corporations pay little or nothing, a group of economists said Wednesday in urging good faith negotiations at an upcoming United Nations conference.  

  • October 14, 2026

    IRS Proposes To Block Immigrants From Premium Tax Credit

    Rules proposed Wednesday by the Internal Revenue Service would bar many immigrants from claiming the refundable tax credit for health insurance purchased through an exchange and impose new verification requirements for advance payments. 

  • October 13, 2026

    Former Strip Club Boss Gets 16 Months In $3M Tax Case

    A soon-to-be 70-year-old former strip club boss accused of hiding $3 million from the IRS was sentenced to a below-guidelines prison term of 16 months on Tuesday, after the mother of his 3-year-old child asked a Connecticut federal judge for leniency.

  • October 13, 2026

    H&R Block Says Liberty Owes $6M For TurboTax Suit Defense

    H&R Block's subsidiaries told a California federal judge on Friday that Liberty Mutual must pay over $6 million in costs they incurred defending themselves in an underlying suit filed by rival Intuit, which accused H&R Block of making misleading price comparisons between its products and Intuit's TurboTax products. 

  • October 13, 2026

    Tax Court Says Couple Failed To Back Up Receipts, Deduction

    A Pennsylvania businessman and his spouse understated their gross receipts, the U.S. Tax Court said in an opinion released Monday, finding they aren't entitled to a deduction for meals or repairs and maintenance.

  • October 13, 2026

    Okla. Donor Adds $14M To $51 In Disputed Deductions

    An Oklahoma donor has added $14 million to the $51 million in deductions he wants the U.S. Tax Court to reinstate for conservation easement donations made through partnerships in 2018, according to his most recent petition.

  • October 13, 2026

    IRS Worker Claims Defamation By Tribal Tax Credit Promoter

    An energy company accused of selling fraudulent tax shelters marketed as tribal tax credits retaliated against an IRS employee after she flagged the company's promotion of the credits, engaging in a defamatory campaign to discredit her and interfering with her employment, she told a D.C. Superior Court.

  • October 13, 2026

    Expat To Push 11th Circ. For Trial Over $20M FBAR Fines

    An expatriate U.S.-German citizen is appealing a Florida federal court's rejection of his attempt to set aside an approximately $20 million judgment against him for failing to file reports of foreign bank accounts, an outcome he said violated his rights to a jury trial.

  • October 13, 2026

    Nelson Mullins Adds Ex-Berger Singerman Tax And Estate Pro

    Nelson Mullins Riley & Scarborough LLP has hired a new partner from Berger Singerman to bolster its international tax, estate planning and private wealth capabilities in Miami.

  • October 13, 2026

    Micron Says It Lost $9B In Singapore Tax Breaks Under Pillar 2

    U.S.-based semiconductor company Micron Technology Inc. lost about $9 billion worth of tax breaks in Singapore due to the country's adoption of a worldwide corporate 15% minimum tax agreement known as Pillar Two, according to the company's securities filing.  

  • October 09, 2026

    DOJ Aims To 'Attack Fraud From All Angles' Via New Division

    The U.S. Department of Justice's new fraud division has issued fresh guidance on its prosecution methodology, with the division's head directing prosecutors to seize assets before indictments and pursue upward variances in sentencing guidelines in some cases as part of a stated push to use the division's "full arsenal of criminal statutes" in combating fraud.

  • October 09, 2026

    Tax-Free Insurance Swaps Keep Tax History, Gov't Atty Says

    Issuers of new life insurance policies received through tax-free exchanges under July final regulations retain the obligation to report the policies' tax consequences to the IRS when the death benefits are paid, a U.S. Treasury Department official said Friday.

Expert Analysis

  • Choral Singing Makes Me A Better Lawyer

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    Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.

  • Tariff Refunds May Reshape Loan Covenant Calculations

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    Tariff refunds issued after the U.S. Supreme Court's Learning Resources decision may complicate borrowers' covenant calculations depending on accounting treatment, the timing of recognition, customer reimbursement obligations and credit agreement language, say attorneys at Mayer Brown.

  • Power To The Paralegals: Burnout As A Structural Problem

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    Law firm leadership can best retain their paralegals not by encouraging self-care, but by seeking top-down structural solutions for the quiet proliferation of responsibilities and the vicarious exposure to client trauma that particularly drive burnout in this vital role, says Erika Sneeringer at Brockstedt Mandalas.

  • Managing Post-IEEPA Tariff Refunds, Replacements And Risks

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    Companies and investors reeling from the rapid changes resulting from February's U.S. Supreme Court ruling that the International Emergency Economic Powers Act doesn't authorize tariffs should focus on understanding the duty refund process, the likely replacement tariffs and the operational ways they can minimize their tariff exposure, say attorneys at Debevoise.

  • Wire Fraud Ruling May Upend White Collar Enforcement

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    A Texas federal court’s recent decision in U.S. v. Garza, dismissing wire fraud charges arising from an alleged $1 billion tax shelter scheme, advances a broader constitutional principle that could affect sentencing and reshape charging practices across white collar criminal cases involving specialized statutory regimes, say attorneys at Benesch.

  • Economic Questions To Ask Amid Tariff Refund Class Actions

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    The U.S. Supreme Court's recent holding that the International Emergency Economic Powers Act doesn't authorize the president to impose tariffs has sparked class actions, but determining whether a retailer received a windfall is complex, even if it passed tariff costs into consumer prices before receiving a refund, say economists at Ankura Consulting Group.

  • Cow Horse Makes Me A Better Lawyer

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    Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at least for me, a surprisingly effective training ground for litigation — both demand focus, preparation over rigid planning and the willingness to act despite fear, says Ashley Zitrin at Glenn Agre.

  • Checking For AI Errors Is Now A Two-Way Street

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    A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artificial intelligence not only in your own court submissions, but also your opponent's, as well as when catching opposing counsel's AI mistakes could result in an award for attorney fees, says Tamara Barago at Hollingsworth.

  • 5 Things Associates Must Ask About Their Firm's Merger Plan

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    The associates who navigate law firm mergers best ask the right questions early, such as inquiring about partners' plans, to assess how the merger could affect their workflow and career path, says Jackie Bokser-LeFebvre at Major Lindsey.

  • 2 'Rocket Dockets' And The Rules That Propel Them

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    The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern District of Florida, and their chief judges provide insights into the court rules that keep them ahead, says Robert Tata at Hunton.

  • Key Legal Considerations For Data Center Battery Storage

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    Battery energy storage systems have become essential infrastructure for data center development — but as trade, energy and tax policies continue to shift, companies operating in this space must understand the importance of supply chain requirements and industry-tailored contracts, says RJ Colwell at Davis Graham.

  • Your Next Litigation Hold Should Cover AI Chat Logs

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    The Delaware Chancery Court’s recent decision in Fortis Advisors v. Krafton to treat a CEO’s artificial intelligence chats as substantive evidence is being read as a discovery warning to litigators, but there is a second duty-to-preserve lesson that is especially pertinent to in-house counsel, say attorneys at Faegre Drinker.

  • Cannabis Policy Shift May Reshape Banking, Insolvency Risks

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    The Trump administration's cannabis rescheduling initiative aims to correct classification that had rendered federal banking, tax administration and insolvency law incoherent, and will begin to restore some alignment between federal law and the economic reality of the marijuana industry, says Richard Ormond at Buchalter.

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