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Latest News in Tax
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November 10, 2026
The nationwide tangle of litigation over the regulation of prediction markets grew as Robinhood challenged Missouri and OG.com sued Arkansas in separate suits to fend off potential state enforcement actions targeting the companies' sports wagers as bets.
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November 10, 2026
A Michigan federal judge considered Tuesday whether to dismiss racketeering claims against a former mayor of the Wayne County city of Taylor who is accused of participating in a bribery scheme involving tax-foreclosed properties, while the county urged the court to send the property owners' remaining state constitutional takings claim to state court.
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November 10, 2026
The U.S. Tax Court improperly imposed additional accuracy-related penalties against a Florida business for deductions it took for microcaptive insurance expenses, the business' owner told the Eleventh Circuit, saying the Tax Court's analysis of the case can't be reconciled with binding circuit precedent.
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November 10, 2026
The U.S. Tax Court slashed the value of a 231-acre Alabama conservation easement Tuesday to $325,000 from the original $45 million claimed for the 2017 tax year, finding the partnership seeking the related charitable deduction had failed to prove the property could operate as a mine.
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November 10, 2026
Texas Democratic state lawmakers have introduced legislation to legalize and regulate the sale of recreational marijuana ahead of the state's legislative session, which is due to begin in January.
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