Featured Stories

The Tax Angle: Affordable Housing, Red Tape, ACA Credits

With the midterm elections less than a year away, House and Senate members have been mulling several bread-and-but... (more story)

State & Local Tax Takeaways From November

From a win for A&E Television Networks over New York City's unincorporated business tax to Colorado voters' approv... (more story)

5 Takeaways From Eaton Trial On Acquisition Financing, Part 1

The first part of Eaton’s closely watched U.S. Tax Court trial over the company’s financing of a 2012 acquisition ... (more story)

Federal More

Judge Probes IRS Expert On Method For Eaton's Credit Rating

A U.S. Tax Court judge asked an IRS expert Wednesday about his calculation of a standalone credit rating for Eaton's U.S. group in 2012, when it acquired an Irish entity and inverted, noting that the expert, u... (more story)

DOJ Seeks Fairness Review From High Court In Tax Dispute

A property owner is appropriately compensated if given surplus proceeds from a government sale of their property for more than the owner owed, provided the sale was conducted fairly, the federal government tol... (more story)

7th Circ. Upholds Tax Conviction Of DHS Special Agent

A jury relied on enough evidence to convict a former U.S. Department of Homeland Security agent of tax crimes related to his secret dealings with drug dealers, the Seventh Circuit said Wednesday, rejecting his... (more story)

Magistrate Backs FinCEN Rules In All-Cash Real Estate Deals

A magistrate judge in Florida federal court rejected arguments from a title insurance company in upholding a U.S. Department of Treasury rule establishing new reporting requirements for all-cash residential re... (more story)

7th Circ. Denies Tax Evader's New Trial Over Disciplined Atty

A man convicted of tax fraud will not get a new trial based on his lawyer's removal from the Seventh Circuit Bar two months after his conviction in an unrelated case, the appellate court ruled Tuesday, saying ... (more story)

US Asks 5th Circ. To Revive ACA Employer Tax Penalties

The IRS properly penalized a janitorial services company for failing to provide employees with healthcare coverage under the Affordable Care Act, the U.S. government said, urging the Fifth Circuit to reverse a... (more story)

Holland & Knight Adds Shipman & Goodwin Wealth Atty

A member of the 17-attorney team that left Tarlow Breed Hart & Rodgers PC to launch Shipman & Goodwin LLP's first office in Boston last month has made another move to join Holland & Knight LLP as a partner in ... (more story)

State & Local More

Kilpatrick Brings On Akerman SALT Pro

Kilpatrick Townsend said Wednesday that it's bringing on a former Akerman tax professional, experienced in advising clients from middle-market businesses to Fortune 500 companies, to the firm's state and local tax practice.

Ohio Lawmakers OK Limits On Pot Legalization, Tax Law

Ohio would restrict cannabis use and the sale of intoxicating hemp products with new criminal penalties for certain activities and make other changes to the state's voter-approved marijuana legalization and ta... (more story)

Tariffs Add Complexity To State Tax Systems, Tax Pros Say

Tariffs promoted by President Donald Trump's administration are increasing state sales and use tax complexity and risk, which may not easily be undone even if the U.S. Supreme Court strikes the tariffs down, t... (more story)

State Taxation Of AI Presents Sourcing Questions, Attys Say

Sourcing and nexus questions related to the taxation of artificial intelligence may arise if states scrutinize the technology under existing tests for taxing services and digital items, tax practitioners said Tuesday.

No Wrongdoing By County In Valuation Row, Md. Court Says

A Maryland man failed to exhaust his administrative remedies or show that county authorities committed constitutional violations when he appealed his property's valuation, the Appellate Court of Maryland said,... (more story)

AI Evidence Rule Tweaks Encourage Judicial Guardrails

Recent additions to a committee note on proposed Rule of Evidence 707 — governing evidence generated by artificial intelligence — seek to mitigate potential dangers that may arise once machine outputs are intr... (more story)

The Law Firm Merger Diaries: Getting The Message Across

Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embr... (more story)

US Can Join Hawaii Transient Tax Case, Court Rules

The U.S. government can join a group of cruise businesses in their challenge of Hawaii's transient occupancy tax expansion after meeting the intervention requirements, a U.S. district court ruled.

Hogan Lovells Adds Latham Corporate Ace In Houston

Hogan Lovells announced Monday that it has bolstered its tax, pensions and benefits offerings with a Houston-based attorney who came aboard from Latham & Watkins LLP.

International More

Sabre Tax Dispute Belongs In UK Court, British Airways Says

Flight booking giant Sabre's lawsuit over a U.K. digital tax bill should be dismissed or left for a British court to rule on, British Airways told a Texas federal court, arguing that the digital services tax i... (more story)

Conservative Justices Probe 'Husk' Of FTC Firing Protections

The U.S. Supreme Court's conservative majority pushed back Monday against the 90-year-old precedent permitting the removal only for cause of Federal Trade Commission members, and perhaps those serving other in... (more story)

11th Circ. Affirms Tax Court Wrong Venue For FBAR Challenge

The U.S. Tax Court isn't the right venue for a couple to challenge the Internal Revenue Service's denial of a hearing over the agency withholding their Social Security benefits to cover penalties stemming from... (more story)

Horizontal Stare Decisis Should Not Be Casually Discarded

Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judi... (more story)

IRS-ICE Data Swap Halt Irrelevant In Other Suit, DC Circ. Told

A D.C. federal court's order pausing the Internal Revenue Service's ability to share confidential taxpayer addresses with immigration enforcement officials should not impact a separate D.C. Circuit proceeding ... (more story)

Huntsman Disputes $28.6M Tax Bill From Cut Capital Loss

Multinational chemical manufacturer Huntsman is challenging the IRS over a $28.6 million tax bill that resulted from the agency reducing its carried-forward loss from selling a spun-off pigments business, acco... (more story)

10 Commandments For Agentic AI Tools In The Legal Industry

Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of eve... (more story)