Federal
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August 13, 2026
Texas Man Cops To Role In $43M Tax Shelter Scheme
A Texas man pled guilty to conspiring to defraud the IRS by promoting and selling a fraudulent tax shelter in a scheme that resulted in a tax loss to the federal government of approximately $43 million, the U.S. Department of Justice said Thursday.
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August 13, 2026
5th Circ. Narrows Tax Break Ruling For Limited Partners
A Fifth Circuit panel revised its ruling in a long-running feud over the self-employment tax exclusion for certain business partners, adjusting its interpretation of "limited partner" and narrowing its finding that a state's limited liability designation triggers the tax break.
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August 13, 2026
Treasury Floats Foreign Currency Rules To Fix Timing Issues
The U.S. Treasury Department proposed regulations Thursday that would smooth out timing wrinkles companies were facing when determining the taxable income of affiliates that conduct business in a foreign currency for 2025 returns.
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August 13, 2026
Rising Star: Covington's Brian Harris
Brian Harris of Covington & Burling LLP represented companies from the world of biomedicine, retail and even sports after advising on the acquisition and relocation of the NHL's Arizona Coyotes in transactional tax matters, earning him a spot as one of the tax law practitioners under age 40 honored by Law360 as Rising Stars.
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August 13, 2026
IRS Failed To Test Workers For Drug Use, TIGTA Says
The Internal Revenue Service didn't conduct reasonable-suspicion testing for employees suspected of illegal drug use in fiscal years 2022 to 2024, the Treasury Inspector General for Tax Administration said in a report released Thursday.
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August 12, 2026
$190K Or $1.9M? Goldstein, DOJ 'At Impasse' Over Forfeiture
Tom Goldstein and the U.S. Department of Justice aired dramatically divergent views Wednesday of a looming financial penalty for his fraud convictions, with the famed appellate advocate voicing constitutional objections to the DOJ's request for almost $2 million and revealing that prosecutors spurned a far smaller offer.
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August 12, 2026
Trump Tells 11th Circ. Sanctions In IRS Case Must Be Paused
President Donald Trump urged the Eleventh Circuit on Wednesday to halt sanctions imposed by a lower court over an immunity deal that would have given him broad protections from federal tax audits and investigations, arguing he and the government have distinct interests.
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August 12, 2026
Businessman Entitled To $925K Theft Loss, Tax Court Says
A self-employed businessman who has worked in his family's jewelry business since the 1990s is entitled to a $925,000 theft loss deduction for 2010, the U.S. Tax Court said in a memorandum opinion Wednesday.
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August 12, 2026
Senate OKs Extension Of Tax Deduction For Disaster Losses
The U.S. Senate approved a bill that would extend a federal tax deduction for qualified disaster-related personal casualty losses and a gross income exclusion for eligible wildfire relief payments, sending it to President Donald Trump for consideration.
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August 12, 2026
Rising Star: Cleary's Kylie Barza
Kylie Barza of Cleary Gottlieb Steen & Hamilton LLP has advised on several billion-dollar transactions, including Alphabet's $4.75 billion acquisition of Intersect Power, which closed in 2026, earning her a spot among the tax law practitioners under age 40 honored by Law360 as Rising Stars.
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August 12, 2026
Nations Want AI Covered In UN Tax Pact's Services Protocol
Nations want artificial intelligence covered in a protocol on cross-border services under the proposed United Nations Framework Convention on International Tax Cooperation, according to negotiations.
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August 12, 2026
USCIB Urges OECD To Broaden Digital Platform Tax Relief
The Organization for Economic Cooperation and Development should expand its proposed threshold for triggering digital platform reporting obligations to include all relevant services that fall below a minimum amount, the U.S. Council for International Business said Wednesday.
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August 12, 2026
IRS Guidance Aims To Simplify Retirement Rollover Process
The U.S. Department of the Treasury and Internal Revenue Service released guidance Wednesday to simplify procedures for rollovers between retirement plans and individual retirement accounts.
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August 11, 2026
FinCEN Permanently Rolls Back CTA Reporting Requirement
The U.S. Department of the Treasury's financial crimes unit on Tuesday issued a final rule permanently narrowing reporting regulations under the Corporate Transparency Act, enshrining a regulatory rollback that exempts domestic shell companies from reporting their beneficial ownership information.
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August 11, 2026
Goldstein Unveils Cooley Appeal Team
Thomas Goldstein has unveiled an experienced lineup of appellate lawyers he'll turn to in his bid to overturn 12 tax and mortgage fraud convictions, featuring several attorneys with extensive U.S. Supreme Court experience.
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August 11, 2026
Domino's Franchisee, IRS Near Deal In Penalty Dispute
A Domino's Pizza franchisee and the federal government have mostly agreed in principle on a deal to settle the franchisee's suit alleging the IRS owes it $1.6 million in tax refunds for penalties related to failures to report its employee health coverage plan, the company told a Hawaii federal magistrate judge.
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August 11, 2026
Tax Court Says Couple Failed To Prove AMT Credit Claim
The IRS properly disallowed an Arizona couple's carryforward of an alternative minimum tax credit, the U.S. Tax Court said Tuesday, saying the couple failed to produce records to substantiate the credit's origin.
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August 11, 2026
Nations Concerned By Nexus For Service Fees In UN Tax Pact
Some nations expressed concern that overlapping claims to source-taxation rights could arise under the nexus rules within the United Nations framework tax convention's draft protocol on cross-border services, according to negotiations Tuesday.
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August 11, 2026
Rising Star: Kirkland's William Dong
Kirkland & Ellis LLP's William Dong has served as lead tax counsel on several multibillion-dollar deals spanning industries, including a $4.75 billion sale of a data center and energy infrastructure developer to a tech giant, earning him a spot as one of the tax attorneys under age 40 honored by Law360 as Rising Stars.
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August 11, 2026
Campbell's Soup Targeted In Tariff Refund Suit Blitz
The Campbell's Co. is the latest business to be hit with a proposed class action from consumers seeking to be reimbursed for the inflated costs the food company charged in response to President Donald Trump's now-struck-down global tariffs.
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August 10, 2026
IRS Nix Of $55M Easement Deduction Invalid, Donor Says
A Georgia partnership asked the U.S. Tax Court to reverse an IRS adjustment that disallowed a roughly $55 million deduction for its donation of a conservation easement, contending the agency's "arbitrary" denial flouted procedural requirements.
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August 10, 2026
IRS Staff Cuts Led To Longer Wait Times, GAO Says
Workforce reductions at the Internal Revenue Service led to longer processing times for paper returns, fewer calls answered and longer phone wait times during the 2026 tax filing season, the U.S. Government Accountability Office said in an audit released Monday.
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August 10, 2026
Balch & Bingham Wants Chrisleys' Malpractice Suit Dismissed
Balch & Bingham LLP has moved to dismiss a malpractice complaint from reality television stars Todd and Julie Chrisley, who were pardoned by President Donald Trump in May 2025 after serving over two years in prison for multiple financial crimes, telling the Atlanta federal court the two could "blame only themselves" for their convictions.
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August 10, 2026
Rising Star: Latham's Christine Mainguy
Christine Mainguy of Latham & Watkins LLP led sports live-streaming television service Fubo TV's tax team in its acquisition by Disney and advised Skechers on tax matters in its $9.4 billion take-private acquisition by 3G Capital, earning her a spot among the tax law practitioners under age 40 honored by Law360 as Rising Stars.
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August 10, 2026
Partnership Defends $43M Easement Deduction To Tax Court
The IRS improperly denied an Alabama-based partnership a $43.1 million deduction it claimed for a noncash charitable contribution related to a conservation easement, the partnership told the U.S. Tax Court, disputing the agency's claim that the partnership failed to show it made the donation.
Expert Analysis
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6 Questions We Should Ask About The Trump Trade Deals
Whenever the text becomes available, certain questions will help determine whether the Trump administration’s trade deals with U.S. trading partners have been crafted to form durable economic relationships, or ephemeral ties likely to break upon interpretive disagreement or a change in political will, says Ted Posner at Baker Botts.
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E-Discovery Quarterly: Rulings On Relevance Redactions
In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.
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Section 1983 Has Promise After End Of Nationwide Injunctions
After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.
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Playing Soccer Makes Me A Better Lawyer
Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.
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Lessons On Parallel Settlements From Vanguard Class Action
A Pennsylvania federal judge’s unexpected denial of a proposed $40 million settlement of an investor class action against Vanguard highlights key factors parties should consider when settlement involves both regulators and civil plaintiffs, say attorneys at Ropes & Gray.
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Adapting To Private Practice: From ATF Director To BigLaw
As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler.
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Mulling Worker Reclassification In Light Of No Tax On OT
The One Big Beautiful Bill Act's no-tax-on-overtime provisions provide tax relief for employees who regularly work overtime and are nonexempt from the Fair Labor Standards Act, but reclassifying employees may lead to higher compliance costs and increased wage and hour litigation for employers, says Steve Bronars at Edgeworth Economics.
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Clean Energy Tax Changes Cut Timelines, Add Red Tape
With its dramatic changes to energy tax credits, the One Big Beautiful Bill Act will reshape project financing and investment planning — and wind and solar developers, especially those in the early stages of projects, face stricter timelines and heightened compliance challenges, says Dan Ruth at Balch & Bingham.
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Playing Baseball Makes Me A Better Lawyer
Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie.
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Reform Partly Modernizes Small Biz Stock Gains Exclusion
Changes to the Internal Revenue Code in the One Big Beautiful Bill Act update the qualified small business stock gains exclusion to reflect inflation, but the regime would be more in line with current business realities if Congress had also made the exemption available to additional business structures, says Mark Parthemer at Glenmede.
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How Real Estate Funds Can Leverage Del. Statutory Trusts
Over the last two years, traditional real estate fund sponsors have begun to more frequently adopt Delaware Statutory Trust programs, which can help diversify capital-raising strategies and access to new sources of capital, among other benefits, say attorneys at Polsinelli.
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DOJ Crypto Enforcement Is Shifting To Target Willfulness
Three pending criminal prosecutions could be an indication of how the U.S. Department of Justice's recent digital assets memo is shaping enforcement of the area, and show a growing focus on executives who knowingly allow their platforms to be used for criminal conduct involving sanctions offenses, say attorneys at Gibson Dunn.
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4 Former Justices Would Likely Frown On Litigation Funding
As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.