Buy.com Founder On Hook For $16M Tax Bill, 10th Circ. Says
The founder of Buy.com waited too long to challenge a nearly $16 million tax bill tied to his former partnership's investments, the Tenth Circuit ruled Monday, holding that the window had closed by the time the IRS assessed partner-level liabilities.
UK Probes Boston Consulting's Partner Pay After Court Ruling
HM Revenue & Customs is investigating how Boston Consulting Group's U.K. arm treats partners for income tax purposes, the company disclosed after a U.K. Supreme Court ruling allowing a hedge fund's managers to be taxed as employees.
Data Center Tax Breaks Face Election-Year Political Pushback
States across the country and political divide moved in 2026 to curb tax breaks for data centers, and the issue has featured prominently ahead of Tuesday's elections as candidates pledge to end or pull back on their exemptions for sales and property taxes.
Federal More
A Washington federal judge said Monday that an Xbox buyer must arbitrate his claims that Microsoft unjustly pocketed refunds meant for consumers after the U.S. Supreme Court struck down the Trump administratio... (more story)
The skilled manufacturing that took place at Eaton's plants in Puerto Rico and the Dominican Republic from 2011 through 2013 was the critical factor in the success of the company's electrical breaker products ... (more story)
The IRS' nonprofit donor disclosure rule violates organizations' and donors' First Amendment rights, a privacy group told a D.C. federal court, saying the rule is subject to a heightened level of judicial scru... (more story)
Michael Cannon, a partner in Gibson Dunn & Crutcher LLP's Dallas office, co-led the tax team advising SpaceX on its pivotal transactions that wrapped up this year, including the largest initial public offering... (more story)
The Fifth Circuit denied a Texas business consulting company's request for the full court to review a panel's revised opinion narrowing a tax break for limited partners, saying no judges sought a rehearing.
The lawyers chosen as Law360's 2026 MVPs stand out from their peers by notching significant achievements in high-stakes litigation, complex global matters and record-setting transactions.
A Brooklyn federal judge Friday heard that prosecutors may not call a key witness at the center of a fight over exculpatory evidence disclosure to testify against two Cleveland Guardians players accused of a p... (more story)
State & Local More
Colo. Justices Keep Graduated Income Tax Measure On Ballot
The Colorado Supreme Court Friday affirmed the dismissal of a man's complaint seeking to have an initiative to raise taxes on the state's wealthiest residents removed from the ballot due to some petition entit... (more story)
Hedge Fund Exec Fights $40M In IRS Foreign Reporting Fines
A hedge fund manager is seeking to recover nearly $40 million in foreign account reporting penalties, telling the U.S. Court of Federal Claims that the IRS violated his due process rights and administrative ru... (more story)
Mo. Court Rejects Challenge To Property Tax Increase Caps
A challenge to voter-approved local caps on residential property tax hikes in Missouri was struck down by a state circuit court, which found the taxpayers and taxing authorities involved did not have standing ... (more story)
How AI Could Help Judges Spot Their Own Biases
In close cases where there’s room for discretion, artificial intelligence could challenge judges’ implicit biases by running counterfactual tests at scale — but any judicial use of such tools would need guardr... (more story)
Buchalter Adds Tax Pro In Dallas From Jackson Walker
Buchalter PC's rapid growth in Texas continues with the addition of a Dallas-based tax partner who came aboard from Jackson Walker LLP.
3 Ways Burgeoning AI Use Can Trip Up Benefits Providers
As the use of artificial intelligence in the employee benefits space grows, experts warn that companies need to be vigilant to guard against mishaps caused by the emerging technology. Here, Law360 looks at thr... (more story)
Taxation With Representation: Kirkland, Gibson Dunn, Cravath
In this week's Taxation with Representation, Blackstone, Bank of America, Citi and Morgan Stanley announce a financing structure to buy Broadcom artificial intelligence chips and network components for Anthrop... (more story)
The Colorado Supreme Court Friday affirmed the dismissal of a man's complaint seeking to have an initiative to raise taxes on the state's wealthiest residents removed from the ballot due to some petition entit... (more story)
A hedge fund manager is seeking to recover nearly $40 million in foreign account reporting penalties, telling the U.S. Court of Federal Claims that the IRS violated his due process rights and administrative ru... (more story)
A challenge to voter-approved local caps on residential property tax hikes in Missouri was struck down by a state circuit court, which found the taxpayers and taxing authorities involved did not have standing ... (more story)
In close cases where there’s room for discretion, artificial intelligence could challenge judges’ implicit biases by running counterfactual tests at scale — but any judicial use of such tools would need guardr... (more story)
Buchalter PC's rapid growth in Texas continues with the addition of a Dallas-based tax partner who came aboard from Jackson Walker LLP.
As the use of artificial intelligence in the employee benefits space grows, experts warn that companies need to be vigilant to guard against mishaps caused by the emerging technology. Here, Law360 looks at thr... (more story)
In this week's Taxation with Representation, Blackstone, Bank of America, Citi and Morgan Stanley announce a financing structure to buy Broadcom artificial intelligence chips and network components for Anthrop... (more story)
International More
Former Ecclestone Family Lawyer Denies Tax Fraud Charge
A former solicitor and adviser to Bernie Ecclestone, the ex-chief executive of Formula One, pleaded not guilty to tax fraud in London on Tuesday over allegations that he lied to HM Revenue and Customs about hi... (more story)
EU Draft Says Pillar 2 Reporting Carveout Could End In 2033
A draft bill on tax information exchange in the European Union proposes that a previously suggested reporting carveout for large multinationals should last only until January 2033 unless an extension is justif... (more story)
Brookfield Fights $4.3M Tax Bill Over Lehman Losses
Asset management giant Brookfield is challenging a $4.3 million tax bill tied to its acquisition of a defunct Lehman Brothers unit, telling the U.S. Tax Court that the IRS incorrectly denied a deduction stemmi... (more story)
EU, Canada Seal Digital Trade Deal Amid Closer Partnership
EU and Canadian officials signed a document Friday concluding negotiations on a digital trade agreement between the two economies following a summit in Montreal where Canadian and European leaders shared new d... (more story)
German Co. Says $1.2M IRS Tax Bill Rests On Invalid Rule
A German manufacturer challenging a $1.2 million tax bill stemming from late information filings with the IRS told the U.S. Tax Court it should be able to claim deductions and credits despite missing the statu... (more story)
Frasers Unit Loses £5.6M VAT Dispute Over Marketing Photos
A Frasers Group unit lost its bid to overturn assessments that it owed value-added tax of £5.6 million ($7.4 million) when a London court ruled that the company's marketing photos were linked to taxable retail... (more story)
Tax Consultancy Asks 5th Circ. To Kill Microcaptive Rule
The IRS never published data showing that microcaptive transactions pose a potential for tax avoidance to justify a rule making companies and advisers report them as "transactions of interest," a tax consultan... (more story)
A former solicitor and adviser to Bernie Ecclestone, the ex-chief executive of Formula One, pleaded not guilty to tax fraud in London on Tuesday over allegations that he lied to HM Revenue and Customs about hi... (more story)
A draft bill on tax information exchange in the European Union proposes that a previously suggested reporting carveout for large multinationals should last only until January 2033 unless an extension is justif... (more story)
Asset management giant Brookfield is challenging a $4.3 million tax bill tied to its acquisition of a defunct Lehman Brothers unit, telling the U.S. Tax Court that the IRS incorrectly denied a deduction stemmi... (more story)
EU and Canadian officials signed a document Friday concluding negotiations on a digital trade agreement between the two economies following a summit in Montreal where Canadian and European leaders shared new d... (more story)
A German manufacturer challenging a $1.2 million tax bill stemming from late information filings with the IRS told the U.S. Tax Court it should be able to claim deductions and credits despite missing the statu... (more story)
A Frasers Group unit lost its bid to overturn assessments that it owed value-added tax of £5.6 million ($7.4 million) when a London court ruled that the company's marketing photos were linked to taxable retail... (more story)
The IRS never published data showing that microcaptive transactions pose a potential for tax avoidance to justify a rule making companies and advisers report them as "transactions of interest," a tax consultan... (more story)