Justices' FCC Review Could Reshape IRS Penalty Disputes
The U.S. Supreme Court's upcoming review of a pair of cases questioning the validity of the Federal Communications Commission's penalty authority could have ripple effects that further delineate the Internal Revenue Service's authority to impose penalties.
Ohio Justices' Tax Rulings Offer Blueprint For Sourcing Proof
Two Ohio Supreme Court decisions upholding gross receipts taxes on goods that were temporarily kept at Ohio distribution centers before being shipped elsewhere may have provided out-of-state businesses with crucial guidance about how to prove their sourcing positions.
Treasury Cancels Booz Allen Contracts Following Leak
The U.S. Department of the Treasury is canceling $21 million in contracts with consulting firm Booz Allen Hamilton after a massive leak at the Internal Revenue Service that included President Donald Trump's tax returns, the department said Monday.
Justices' FCC Review Could Reshape IRS Penalty Disputes
The U.S. Supreme Court's upcoming review of a pair of cases questioning the validity of the Federal Communications Commission's penalty authority could have ripple effects that further delineate the Internal Revenue Service's authority to impose penalties.
Ohio Justices' Tax Rulings Offer Blueprint For Sourcing Proof
Two Ohio Supreme Court decisions upholding gross receipts taxes on goods that were temporarily kept at Ohio distribution centers before being shipped elsewhere may have provided out-of-state businesses with crucial guidance about how to prove their sourcing positions.
Treasury Cancels Booz Allen Contracts Following Leak
The U.S. Department of the Treasury is canceling $21 million in contracts with consulting firm Booz Allen Hamilton after a massive leak at the Internal Revenue Service that included President Donald Trump's tax returns, the department said Monday.
Federal More
A fractional aircraft ownership company is liable for federal excise taxes, the U.S. Department of Justice told the Sixth Circuit, arguing that the company failed to establish any statutory or equitable defens... (more story)
Canadian Prime Minister Mark Carney and the country's foreign affairs minister downplayed the country's recent tariff deescalation with China, indicating Canada will not pursue a free trade agreement with Chin... (more story)
The emergence of an apparent “pardon shopping” marketplace, in which attorneys treat presidential pardons as a market product, may invite investigative scrutiny of counsel and potential criminal charges ground... (more story)
Investors in a $93 million Miami real estate development scheme are protesting a proposal by the receiver of the company's estate to hire her own law firm, increase the receiver fees and go after recipients of... (more story)
The European Union will suspend tariff countermeasures covering more than €93 billion ($110 billion) of U.S. goods another six months after President Donald Trump backed down from tariff threats this week in r... (more story)
A precious metals partnership notified a Colorado federal judge of plans to move its lawsuit against FTM Wealth to state court after learning from FTM member Nathaniel Ott's lawyer that he is a Colorado citize... (more story)
The sister of a former Massachusetts state senator pled guilty to attempting to interfere in a grand jury investigation into the politician's allegedly fraudulent collection of unemployment benefits, federal p... (more story)
State & Local More
Mass. Gov.'s Bill Seeks Corp. Tax Conformity, But In '26, '27
Massachusetts would delay until 2026, or later, conformity with corporate tax provisions in last year's federal budget bill signed in July under legislation sponsored by Gov. Maura Healey that she said will pr... (more story)
That Fellow Behind The Tree: SALT In Review
From an annual report on businesses' share of the tax load to calls for taxes on millionaires in Washington state and Rhode Island, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
Taxation With Representation: Vinge, A&O Shearman, Cassels
In this week's Taxation With Representation, Swedish private equity company EQT buys U.K. secondaries firm Coller Capital, biopharmaceutical giant GSK PLC acquires Rapt Therapeutics Inc., and fusion energy com... (more story)
Senate To Take Up Spending Bills With $11.2B IRS Funding
The U.S. Senate is poised to take up bills next week that would provide the IRS with an $11.2 billion budget — a 9% annual cut — and cut $11.7 billion from the IRS spending boost included in the Inflation Reduction Act.
NC Court Backs Asphalt Co. In $2.6M Tax Dispute
A North Carolina asphalt company's transfers of property to its parent company aren't taxable sales because the state Department of Revenue failed to prove there was any form of payment for the products, the s... (more story)
Key False Claims Act Trends From The Last Year
The False Claims Act remains a powerful enforcement tool after some record verdicts and settlements in 2025, and while traditional fraud areas remain a priority, new initiatives are raising questions about its... (more story)
Hosting Exchange Students Makes Me A Better Lawyer
Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing... (more story)
Massachusetts would delay until 2026, or later, conformity with corporate tax provisions in last year's federal budget bill signed in July under legislation sponsored by Gov. Maura Healey that she said will pr... (more story)
From an annual report on businesses' share of the tax load to calls for taxes on millionaires in Washington state and Rhode Island, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.
In this week's Taxation With Representation, Swedish private equity company EQT buys U.K. secondaries firm Coller Capital, biopharmaceutical giant GSK PLC acquires Rapt Therapeutics Inc., and fusion energy com... (more story)
The U.S. Senate is poised to take up bills next week that would provide the IRS with an $11.2 billion budget — a 9% annual cut — and cut $11.7 billion from the IRS spending boost included in the Inflation Reduction Act.
A North Carolina asphalt company's transfers of property to its parent company aren't taxable sales because the state Department of Revenue failed to prove there was any form of payment for the products, the s... (more story)
The False Claims Act remains a powerful enforcement tool after some record verdicts and settlements in 2025, and while traditional fraud areas remain a priority, new initiatives are raising questions about its... (more story)
Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing... (more story)
International More
Cineplex Gets $19M Tax Deduction After AMC Exits Canada
Canadian movie theater chain Cineplex can claim a CA$26.5 million ($19.4 million) deduction for two theaters that U.S.-based AMC closed before selling its remaining assets to Cineplex and leaving the country, ... (more story)
UN Committee Releases Revised Tax Convention Template
The United Nations released an updated template for the framework convention on international tax cooperation with more descriptive wording on allocating taxing rights, a new article on exchange of information... (more story)
Cost Of Tax Breaks On Pension Contributions Nears £60B
The cost to the U.K. government of providing tax breaks on pensions savings is set to rise to nearly £60 billion ($81.2 billion) next year, according to official figures.
UK Trading Co. Escapes £1.5M In Penalties For Tax Scheme
HM Revenue & Customs lacked sufficient evidence to justify more than £1.5 million ($2 million) in penalties on a securities trading company for careless and deliberate inaccuracies on its returns linked to a t... (more story)
Man Can't Blame Tax Preparer For Failure To File, IRS Says
A man found to have received income by using his company's cash as his own can't escape penalties by blaming his tax preparer for his failure to file, the government told the U.S. Tax Court.
Judge Severs Tax Charges From Ex-Rep's Foreign Agent Case
A former Florida congressman will get to contest tax charges against him separately from a criminal indictment alleging he and a political consultant failed to register as foreign agents while lobbying on beha... (more story)
UN Committee Floats Draft For Taxing Cross-Border Services
Negotiators at the United Nations released a draft of potential cross-border measures that could eventually appear in a multilateral treaty to help countries tax the income of remote corporations that currentl... (more story)
Canadian movie theater chain Cineplex can claim a CA$26.5 million ($19.4 million) deduction for two theaters that U.S.-based AMC closed before selling its remaining assets to Cineplex and leaving the country, ... (more story)
The United Nations released an updated template for the framework convention on international tax cooperation with more descriptive wording on allocating taxing rights, a new article on exchange of information... (more story)
The cost to the U.K. government of providing tax breaks on pensions savings is set to rise to nearly £60 billion ($81.2 billion) next year, according to official figures.
HM Revenue & Customs lacked sufficient evidence to justify more than £1.5 million ($2 million) in penalties on a securities trading company for careless and deliberate inaccuracies on its returns linked to a t... (more story)
A man found to have received income by using his company's cash as his own can't escape penalties by blaming his tax preparer for his failure to file, the government told the U.S. Tax Court.
A former Florida congressman will get to contest tax charges against him separately from a criminal indictment alleging he and a political consultant failed to register as foreign agents while lobbying on beha... (more story)
Negotiators at the United Nations released a draft of potential cross-border measures that could eventually appear in a multilateral treaty to help countries tax the income of remote corporations that currentl... (more story)