Featured Stories

Latest Stock Buyback Tax Rules May Still Have Wide Reach

The U.S. Treasury Department recently floated regulations that narrow an earlier proposal aimed at preventing fore... (more story)

In Trump Staredown With NY Judge, 'Somebody Has To Blink'

Experts say Donald Trump will likely continue to ignore warnings from the court, and possibly his own attorneys, a... (more story)

Tax Credit Transfer Regs Show IRS Caution In Rulemaking

The IRS and Treasury's final rules on the sale and transfer of green energy credits maintained a strict reading of... (more story)

Federal More

BREAKING: IRS Can Assess Foreign Info Disclosure Penalty, DC Circ. Says

The D.C. Circuit on Friday overturned a major U.S. Tax Court ruling that had struck down the Internal Revenue Service's authority to assess and administratively collect penalties from taxpayers for failing to ... (more story)

Hahn Air To Pay Feds $26.8M To End FCA Travel Fees Suit

Hahn Air Lines agreed to pay $26.8 million to resolve a whistleblower's allegations that the German airline-ticketing company violated the False Claims Act by intentionally failing to remit to the U.S. governm... (more story)

Claimed Panama Papers Leaker Fights To Hide ID In €5M Suit

A person claiming to be the Panama Papers leaker told a federal court they would fear for their life if the court made them disclose their identity in a €5 million ($6.3 million) suit against Germany, protesti... (more story)

Texas Tax Preparers Cop To $3.7M Tax Fraud Scheme

The owner of a Texas tax preparation company and her two sisters who worked as employees all pled guilty Thursday to preparing nearly $3.7 million worth of false returns riddled with fraudulent credits, accord... (more story)

IRS To Boost Audit Rates By 50% On Wealthy, Werfel Says

The Internal Revenue Service plans to nearly triple audit rates on corporations with assets over $250 million and increase audit rates by more than 50% on wealthy taxpayers with more than $10 million in total ... (more story)

Understanding The IRC's Excessive Refund Claim Penalty

Taxpayers considering protective refund claims pending resolution of major questions in tax cases like Moore v. U.S., which is pending before the U.S. Supreme Court, should understand how doing so may also lea... (more story)

Nixon Peabody Adds Two Community Finance Attys In DC

Nixon Peabody LLP has hired two partners, who will focus their practices on helping nonprofits and other clients understand and obtain tax credits for a range of community development projects, to its communit... (more story)

State & Local More

Fiserv Presses Fla. Appeals Court To Revive Tax Sourcing Suit

A Florida appeals court should overturn a lower court's dismissal of a tax sourcing challenge from Fiserv entities for failure to pay the contested amounts because state precedent doesn't allow the jurisdictio... (more story)

Mass. Property Is Agricultural, Appellate Board Says

A 14-acre property should be classified as agricultural, as the owner proved the land's main use was farming, the Massachusetts Appellate Tax Board said in a ruling released Thursday.

Former Mich. Speaker, Wife Arraigned On Embezzling Charges

A former speaker of the Michigan House of Representatives and his wife pled not guilty on Thursday to multiple financial crimes and received the judge's blessing to travel out of state to attend the Kentucky D... (more story)

Don't Use The Same Template For Every Client Alert

As the old marketing adage goes, consistency is key, but law firm style guides need consistency that contemplates variety when it comes to client alert formats, allowing attorneys to tailor alerts to best fit ... (more story)

T-Mobile Gets Tax Reimbursement Suit Tossed For Good

T-Mobile has convinced a New Jersey federal court to toss for good a suit brought by a middleman seeking to collect tax reimbursements the mobile behemoth had supposedly promised a landlord after it didn't fix... (more story)

Senate Dems Reintroduce Bill To Tax And Regulate Cannabis

Senate Democrats on Wednesday reintroduced a cannabis legalization bill that would remove the drug entirely from the ambit of the Controlled Substances Act and impose a tax-and-regulate scheme akin to what is ... (more story)

TracFone Must Pay Wash. City's Utility Tax

Prepaid phone businesses are utilities and can be taxed as such under Washington state law, according to a state appeals court that had been posed such a question as part of a dispute between TracFone and a Seattle suburb.

Colo. Beats Challenge To Fees In Transportation Funding Law

A conservative group has not shown that fees passed in a 2021 transportation funding package in Colorado exceeded the legislature's taxing authority, a state judge said, throwing out the group's challenge to the fees.

Maine Gov. Vetoes Plan For New Top Income Tax Bracket

Maine's governor vetoed legislation that would have created a new tax bracket for high-income earners and expanded the tax bracket for the state's lowest income tax rate.

International More

No Relief For Fla. Adviser Convicted In $80M Trading Scam

The Eleventh Circuit on Wednesday affirmed the conviction of a Florida investment adviser who bilked more than $80 million from the hundreds of people he persuaded to invest in a fraudulent company, after conc... (more story)

Middle East, North African Gov'ts Back UN For Corp. Tax Talks

Governments should make a high-level commitment to address corporate tax reform within the United Nations' framework convention on international tax cooperation, an intergovernmental group of Middle Eastern an... (more story)

UN Must Improve Corp. Tax Rules, Platforms, Some Gov'ts Say

Governments must commit to improving existing corporate tax rules and platforms created at the OECD within the terms of reference for a United Nations framework convention on global tax cooperation, two tax of... (more story)

German Banker Gets 3 Years For €93M Cum-Ex Tax Evasion

A German court on Tuesday sentenced a former bank board member to three years and two months in prison for his part in a €93.4 million ($100 million) so-called cum-ex dividend tax fraud.

The Tax Angle: TCJA Teams, Dear Colleague Letters

From a look at House GOP efforts to prepare for next year's expiration of their 2017 tax overhaul to ongoing attempts by lawmakers to draw attention and support for their own tax legislation, here's a peek int... (more story)

Think Like A Lawyer: Follow The Iron Rule Of Trial Logic

Many diligent and eager attorneys include every good fact, point and rule in their trial narratives — spurred by the gnawing fear they’ll be second-guessed for leaving something out — but this approach ignores... (more story)

Court Can Make Widow Pull $2.5M From Swiss Bank, US Says

A Colorado federal court can force a widow to send $2.5 million from a Swiss bank to the U.S. to repay her late husband's penalties and interest for failing to report his foreign accounts, the U.S. told the court.