An Eleventh Circuit judge disapproved of a Georgia partnership raising new arguments on appeal as it pursues a tax deduction for a conservation easement donation, saying Thursday that perhaps "we wouldn't be here" if the partnership had argued the points before the lower court.
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11th Circ. Judge Frowns On New Arguments In Easement Case

By Anna Scott Farrell

An Eleventh Circuit judge disapproved of a Georgia partnership raising new arguments on appeal as it pursues a tax deduction for a conservation easement donation, saying Thursday that perhaps "we wouldn't be here" if the partnership had argued the points before the lower court.

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Hyatt's $300M From Reward Program Is Income, 7th Circ. Told

By Anna Scott Farrell

Hyatt Hotels should have to report nearly $300 million in revenue from a rewards program fund because it benefited from spending the money, including through advertising for its properties, the U.S. government told the Seventh Circuit on Thursday, defending a U.S. Tax Court ruling.

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Widow Says Husband's Estate Liable For $2M FBAR Fines

By Kat Lucero

A nonagenarian widow told an Idaho federal court Thursday that her husband's estate — not she — should be liable for more than $2 million in penalties for his unreported foreign accounts, calling the government's attempt to penalize her an unprecedented overreach.

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EXPERT ANALYSIS

Crisis Management Lessons From The Parenting Playbook

The parenting skills we use to help our kids through challenges — like rehearsing for stressful situations, modeling confidence and taking time to reset our emotions — can also teach us the fundamentals of leading clients through a corporate crisis, say Deborah Solmor at the Wisconsin Alumni Research Foundation and Cara Peterman at Alston & Bird.

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LITIGATION

Trump Admin Defends Gov't Restructuring As Lawful

By Beverly Banks

The Trump administration defended what it says is a lawful executive order looking to reorganize agencies and terminate workers, telling a California federal judge that unions, nonprofits and local governments "waited far too long" to seek a temporary restraining order.

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TAX POLICY

NFTC Warns US Against Tariffs On Semiconductors, Pharma

By Jack McLoone

The Trump administration should work to avoid using tariffs to address the perceived threat to national security caused by importing semiconductors and pharmaceuticals, the National Foreign Trade Council said, calling for extreme caution.

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PEOPLE

Milbank Hires King & Spalding Tax Planning Atty In DC

By Tracey Read

Milbank LLP has added a former King & Spalding LLP tax attorney as a partner in its global project, energy and infrastructure finance group in Washington, D.C.

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LAW FIRMS IN TODAY'S NEWS

Alston & Bird

Altshuler Berzon

Dentons

King & Spalding

Latham & Watkins

Mayer Brown

Milbank LLP

Zell Aron

COMPANIES IN TODAY'S NEWS

American Federation of Government Employees

American Federation of Labor & Congress of Industrial Organizations

American Federation of State County & Municipal Employees

American Geophysical Union

American Public Health Association

Democracy Forward Foundation

EFG International Corp.

Gleason Corp.

Hyatt Hotels Corp.

National Foreign Trade Council

Natural Resources Defense Council

New York University

Protect Democracy Project Inc.

Service Employees International Union

Wisconsin Alumni Research Foundation

GOVERNMENT AGENCIES IN TODAY'S NEWS

Internal Revenue Service

National Labor Relations Board

National Science Foundation

Office of the U.S. Trade Representative

Small Business Administration

Social Security Administration

U.S. Attorney's Office for the District of Idaho

U.S. Attorney's Office for the Northern District of California

U.S. Court of Appeals for the Eleventh Circuit

U.S. Court of Appeals for the Seventh Circuit

U.S. Department of Agriculture

U.S. Department of Commerce

U.S. Department of Defense

U.S. Department of Energy

U.S. Department of Health and Human Services

U.S. Department of Homeland Security

U.S. Department of Housing and Urban Development

U.S. Department of Justice

U.S. Department of Labor

U.S. Department of State

U.S. Department of Transportation

U.S. Department of Veterans Affairs

U.S. Department of the Interior

U.S. Department of the Treasury

U.S. District Court for the District of Idaho

U.S. District Court for the Northern District of California

U.S. Environmental Protection Agency

U.S. General Services Administration

U.S. Office of Personnel Management

U.S. Supreme Court

U.S. Tax Court

US Office of Management and Budget