Federal

  • July 15, 2026

    CIT Judge Says Order Incoming For Next Tariff Refund Phase

    The U.S. Court of International Trade judge overseeing U.S. Customs and Border Protection's development of a duty refund system for tariffs struck down by the U.S. Supreme Court forecast new directions for the government as it prepares another phase of its tariff refund system, according to an order published Wednesday.

  • July 15, 2026

    Siemens Wins Tax Deduction In IRS Rules Mismatch Case

    Siemens Medical Solutions is allowed the full dividends-received deduction it claimed for 2019, the U.S. Tax Court held Wednesday, throwing out an IRS regulation that attempted to reduce the deduction by aligning the effective date of different provisions under 2017 tax legislation.

  • July 15, 2026

    Judge Won't Revive Feds' $24M Tax Case Against NC Couple

    A North Carolina federal judge refused to reconsider his decision that the federal government's bid to collect on what it claimed was a couple's $24 million tax bill came too late, saying the government failed to show that the ruling should be changed.

  • July 15, 2026

    Tax Court Slashes Ala. Easement Writeoff By Tens Of Millions

    An Alabama partnership massively overstated the value of a claimed conservation easement deduction, the U.S. Tax Court found Wednesday, cutting the claimed $42.2 million deduction to $800,000 when properly considering the use of the property.

  • July 15, 2026

    Fed. Circ. Gives Pa. Biz A 2nd Go At $1.5M Tax Penalty Refund

    The Federal Circuit gave a Pennsylvania electrical contractor another chance to pursue a $1.53 million refund claim for penalties paid to the Internal Revenue Service after its owner pled guilty to criminal tax evasion, according to an opinion published Wednesday.

  • July 15, 2026

    Tax Code Allows Political Speech By Churches, 5th Circ. Told

    A Texas federal court wrongly rejected the IRS' proposed settlement that would allow churches to engage in political speech without jeopardizing their tax-exempt status, conservative groups told the Fifth Circuit, arguing that federal tax assessment protections do not bar the court from implementing the deal.

  • July 15, 2026

    Cornyn, Tillis Still Waver On Blanche AG Bid After Hearing

    Todd Blanche had his nomination hearing to be attorney general on Wednesday and two key Republican senators still have yet to say if they will support him.

  • July 15, 2026

    TIGTA Worried About IRS Zero Paper Push Security Breaches

    Unauthorized employees have accessed restricted areas because of physical security gaps at two sites where contractors are supporting the Internal Revenue Service's push to eliminate paper processing of tax returns, the Treasury Inspector General for Tax Administration said in a management alert released Wednesday.

  • July 15, 2026

    Russia Sanctions Bill Goes Too Far On Tariff Power, Dems Say

    A reworked version of a bipartisan bill aimed at sanctioning Russia over the war in Ukraine wrongly places too much tariff power in the hands of President Donald Trump, some leading congressional Democrats said.

  • July 15, 2026

    Pillar 2 Revenue Intake Falls Short Of Predictions, OECD Says

    The worldwide corporate 15% minimum tax agreement known as Pillar Two has so far brought in less revenue than expected, the Organization for Economic Cooperation and Development said Wednesday.

  • July 15, 2026

    Mich. Tax Biz Barred From Preparing Federal Returns By Court

    A federal judge granted the federal government's bid to bar a Michigan-based tax and accounting business from preparing federal tax returns over allegations it prepared fraudulent returns that cost the government a tax revenue loss estimated at over $2 million.

  • July 15, 2026

    Texas Estate Disputes $11.5M Tax From Stock Transfers, Gifts

    The Internal Revenue Service wrongly assessed taxes of $11.5 million and $1.6 million in penalties to a Texas woman's estate from the agency's inflated valuation of stock and imposition of gift tax, the estate told the U.S. Tax Court.

  • July 14, 2026

    House Backs Bill To End Penny Minting, Round Cash Sales

    The phaseout of the penny would become law and retailers would be able to round cash transactions up or down to the nearest 5-cent amount under a bill that the U.S. House passed Tuesday, sending it to the Senate.

  • July 14, 2026

    Bike Seller Says IRS' Undervaluation Caused $3M Deficiency

    A California bicycle seller told the U.S. Tax Court that the IRS' faulty appraisal of its value caused the agency to mischaracterize a transaction with its parent company as a discharge of indebtedness and a $15.5 million income increase, leading to a $3.3 million deficiency assessment.

  • July 14, 2026

    IRS Ethics Guidance Highlights AI Billing Tensions

    Recent IRS ethics guidance urged attorneys to acknowledge the time-saving features of artificial intelligence when billing clients, underlining the legal industry's ongoing reckoning with how, or if, this technology fits into the traditional practice of charging by the hour.

  • July 14, 2026

    5th Circ. Affirms Fraudster Tax Preparer's 16-Year Sentence

    The Fifth Circuit affirmed a tax preparer's nearly 16-year sentence for aiding in the preparation of false and fraudulent tax returns, rejecting his argument that a Texas federal court erred when it denied his motions for a new trial and applied sentencing enhancements.

  • July 14, 2026

    IRS Updates Corp. Bond Monthly Yield Curve For July

    The IRS updated the corporate bond monthly yield curve used in calculations for defined benefit plans for July on Tuesday, as well as corresponding segment rates and the interest rate for 30-year U.S. Treasury Department securities.

  • July 14, 2026

    Couple's Settlement Proceeds Taxable Income, Tax Court Says

    Proceeds from a couple's settlement with credit reporting agencies, including attorney fee payments, should be reported as taxable gross income, the U.S. Tax Court ruled Tuesday, rejecting the argument that the Fair Credit Reporting Act's fee-shifting provisions exempted the payments from taxation.

  • July 14, 2026

    IRS Donor Disclosure Rule Unconstitutional, Group Says

    The IRS' nonprofit donor disclosure rule violates the First Amendment, a conservative youth group told a D.C. federal court, arguing that a now-convicted contractor's theft of donor records and those of high-ranking government officials demonstrates that the agency cannot safeguard sensitive information.

  • July 13, 2026

    IRS Experts Undervalued Ala. Land Gift, Partnership Says

    IRS experts erred at trial in relying on other land sales to calculate a value of under $1 million for Alabama property donated to a conservation group in 2017, far below the $28 million determined by the partnership's appraiser, the partnership told the U.S. Tax Court.

  • July 13, 2026

    Trump Taps Former Acting IRS Chief Counsel For Tax Court

    President Donald Trump nominated a former acting Internal Revenue Service chief counsel for a seat in the U.S. Tax Court on Monday.

  • July 13, 2026

    Government Backs Tax Evader's Higher Sentence At 4th Circ.

    A West Virginia federal judge correctly handed down an enhanced sentence to a real estate appraisal business owner convicted of failing to pay employment taxes, federal prosecutors told the Fourth Circuit, urging the court to affirm the court's sentence.

  • July 13, 2026

    Estate's $4M Tax Bill Rife With IRS Errors, Executor Says

    The Internal Revenue Service made a litany of errors in determining that an individual's estate faces a tax deficiency of approximately $4 million and more than $744,000 in penalties, the estate's Oklahoma-based executor told the U.S. Tax Court.

  • July 13, 2026

    McKesson Says IRS Overreads Law Backing Pricing Rules

    Pharmaceutical giant McKesson asked a Texas federal court to invalidate transfer pricing regulations that underpin the company's $10 million tax refund bid, arguing the U.S. government mistakenly thinks the underlying statute gives the IRS "near-limitless authority" to define key terms.

  • July 13, 2026

    Biofuel Tax Fraudster Loses Bid For Extra Sentence Reduction

    A Utah federal judge declined to reduce further the original sentence of an accomplice in a $500 million biofuel production tax credit fraud scheme, finding that his prior reduction to 12 years had sufficiently reflected his cooperation in the trial of another defendant.

Expert Analysis

  • Supreme Court Term Limits Would Carry Hidden Risk

    Author Photo

    While proposals for limiting the terms of U.S. Supreme Court justices are popular, a steady stream of relatively young, highly marketable ex-justices with unique knowledge and influence entering the marketplace of law and politics could create new problems, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.

  • Tariffs And Trade Volatility Drove 2025 Bankruptcy Wave

    Author Photo

    The Trump administration's tariff regime has reshaped the commercial restructuring landscape this year, with an increased number of bankruptcy filings showing how tariffs are influencing first‑day narratives, debtor-in-possession terms and case strategies, say attorneys at Thompson Hine.

  • AI Evidence Rule Tweaks Encourage Judicial Guardrails

    Author Photo

    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 introduced at trial, encouraging judges to perform critical gatekeeping functions, say attorneys at Lankler Siffert & Wohl.

  • The Law Firm Merger Diaries: Getting The Message Across

    Author Photo

    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 embrace the chance to evolve, says Ashley Horne at Womble Bond.

  • Horizontal Stare Decisis Should Not Be Casually Discarded

    Author Photo

    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 judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

    Author Photo

    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 every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.

  • A Close Look At The Evolving Interval Fund Space

    Author Photo

    Interval funds — closed-end registered investment companies that make periodic repurchase offers — have recently moved to the center of the conversation about retail access to private markets, spurred along by President Donald Trump's August executive order incorporating alternative assets into 401(k) plans and target date strategies, say attorneys at Simpson Thacher.

  • The Law Firm Merger Diaries: How To Build On Cultural Fit

    Author Photo

    Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.

  • Rare Tariff Authority May Boost US Battery Manufacturing

    Author Photo

    Finalizing preliminary tariffs on active anode material from China — the result of a rare exercise of statutory authority finding that foreign dumping hampered the development of a nascent U.S. industry — should help domestic battery manufacturing, but potential price increases could discourage related clean-energy use, say attorneys at MoloLamken.

  • Considerations When Invoking The Common-Interest Privilege

    Author Photo

    To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.

  • The Law Firm Merger Diaries: Making The Case To Combine

    Author Photo

    When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.

  • What To Watch As NY LLC Transparency Act Is Stuck In Limbo

    Author Photo

    Just about a month before it's set to take effect, the status of the New York LLC Transparency Act remains murky because of a pending amendment and the lack of recent regulatory attention in New York, but business owners should at least prepare for the possibility of having to comply, says Jonathan Wilson at Buchalter.

  • Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar

    Author Photo

    Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.

Can't find the article you're looking for? Click here to search the Tax Authority Federal archive.