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Federal
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June 03, 2026
USTR Seeks Input On China Preferential Trade Mechanism
The Office of the U.S. Trade Representative announced what it is calling a government-to-government mechanism that will manage bilateral trade between the U.S. and China, including by considering tariff cuts, and asked for public comments on the program's development.
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June 02, 2026
Lawmakers Seek IRS Tax Guidance For Cannabis Businesses
A group of seven House Democrats is pressing the Internal Revenue Service and the U.S. Department of the Treasury to issue tax guidance for state-licensed medical cannabis businesses, warning that delay could leave taxpayers unable to claim deductions they might be eligible for after the Trump administration loosened federal restrictions.
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June 02, 2026
Justices Asked To Fix Circuit Split In Tax Fraud Penalty Case
The U.S. Supreme Court should weigh in on whether the IRS violated several taxpayers' rights to jury trials when it imposed $30 million in tax fraud-related penalties, the taxpayers said, arguing that a circuit split on the standard for granting mandamus relief must be resolved.
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June 02, 2026
Former Royals Manager Inflated Land's Value, Tax Court Finds
A former manager of the Kansas City Royals and his wife are liable for tax deficiencies and a 40% penalty after claiming a significantly inflated value for land in Meriwether County, Georgia, that they donated to a conservation group in 2017, the U.S. Tax Court held Tuesday.
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June 02, 2026
Justices Urged To Address Tax Fraud Deadline Split
A woman urged the U.S. Supreme Court on Tuesday to reconcile the appellate courts' split over the period to assess taxes against a taxpayer in cases when a third party commits fraud, saying the IRS even admitted that the conflict creates "intolerable results."
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June 02, 2026
US Pushes To Keep Trump Tariffs In Effect During Appeal
The Federal Circuit should maintain a pause on a lower court's order blocking President Donald Trump's temporary global tariffs with respect to Washington state and two businesses, the U.S. argued, saying the merits "lopsidedly" favor a stay during the government's appeal.
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June 02, 2026
Sens. Urge Crackdown On Easement Abuse Amid Settlement
The U.S. Department of the Treasury should continue to hold abusive tax shelter participants accountable while abiding by the terms set by an IRS settlement for eligible partnerships disputing conservation historic preservation easement charitable deductions, two Republican senators said in a letter released Tuesday.
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June 02, 2026
DOJ Won't Move Forward With $1.8B Fund, Blanche Confirms
Acting Attorney General Todd Blanche told lawmakers Tuesday, "we're not moving forward" with the controversial $1.8 billion settlement fund.
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June 02, 2026
Fennemore Craig Builds Calif. Presence With Boutique Tie-Up
Fennemore Craig PC has launched its 24th office with the addition of a 15-person team of attorneys and legal professionals from Northern California boutique Reynolds Law LLP.
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June 02, 2026
Tax Atty's AI Tools Help Firm Tackle IRS Debt, COVID Refunds
A tax controversy attorney has developed platforms using artificial intelligence to help clients sort through Internal Revenue Service collection options and obtain pandemic-related refunds that she says has helped her firm make routine IRS guidance more affordable while preserving lawyers for the cases that demand deeper expertise. Alyssa Maloof Whatley spoke to Law360 about why she created the tools and the challenges that come with integrating AI with taxpayer information.
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June 02, 2026
EU Parliament Trade Committee Advances US Trade Deal
With a July 4 deadline set by President Donald Trump looming, the European Union moved one step closer to implementing its trade deal cutting tariffs — though with added guardrails — as a Parliament committee voted Tuesday to advance the legislation.
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June 02, 2026
IRS To Hold Tax-Exempt Refunding Bond Guidance Hearing
The Internal Revenue Service will hold its scheduled hearing on tax-exempt refunding bonds that would clarify how to request refunds for rebate overpayments.
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June 01, 2026
Int'l Tax In May: Tariff Refunds Begin, New Levies Thrown Out
The U.S. Court of International Trade held last month that the temporary tariffs imposed by President Donald Trump under Section 122 of the Trade Act are illegal, and companies saw the first refunds of the levies they were meant to replace. The European Union, meanwhile, strengthened the safeguards in the trade deal it reached with the U.S. last year. Here, Law360 looks at some of the biggest international tax developments from May.
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June 01, 2026
Tenn. Partnership Wants $34M Deduction For 158-Acre Gift
A Tennessee partnership said the IRS was wrong to disallow its charitable deduction of $34.5 million for over 158 acres in Marion County that it donated to a conservation group in 2021.
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June 01, 2026
Habitat Protection Warrants $40M Tax Break, Partnership Says
A Georgia partnership challenged the IRS' disallowance of a $40.1 million deduction for its donation of 352 acres to a nature conservatory in 2021, saying the land provides a natural habitat for two threatened and one endangered species.
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June 01, 2026
IRS Cloud Data Platform Has User Access Issues, TIGTA Says
An IRS platform meant to improve operations and customer service has issues that hurt the agency's ability to manage user access, the Treasury Inspector General for Tax Administration said in a report released Monday.
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June 01, 2026
IRS Seeks To Raise Estate Tax Closing Letter Fee To $76
The Internal Revenue Service on Monday proposed a fee increase to $76 for people who request a letter confirming the agency's receipt and exam completion of an estate tax return after taking account of additional factors that go into processing such requests.
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May 29, 2026
Weekly Internal Revenue Bulletin
The Internal Revenue Service's weekly bulletin, released Friday, included rules dropping a requirement for partnerships to include information in tax returns to help partners who sold interests in businesses with noncapital assets determine their gain or loss.
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May 29, 2026
Expat Ordered Arrested For Skipping $20M FBAR Hearing
A Florida federal judge ordered the arrest of an expatriate U.S.-German citizen for failing to appear at a hearing to discuss civil sanctions over his failure to pay a nearly $20 million tax judgment for not disclosing foreign bank accounts.
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May 29, 2026
Consultant In Rivera FARA Trial Asks For Redo
A political consultant convicted alongside ex-Florida Rep. David Rivera asked for a new trial Friday, arguing that the government "did not come close to proving" that she was guilty of willfully failing to register as a foreign agent for her work on a $50 million contract with a unit of Venezuela's state-owned oil company.
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May 29, 2026
Blood Test Lab Owner Gets 4 Years For $11M Tax Evasion
The owner of a blood-testing laboratory was sentenced to more than four years in federal prison after evading $11.2 million in taxes by using an accomplice to illegally collect Medicare reimbursements made to the company, California federal prosecutors said.
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May 29, 2026
IRS Gives Inflation-Adjusted HSA Amounts For 2027
The IRS on Friday increased the annual limit on deductions for health savings accounts by $100 for the coming year, upping deductions for an individual with self-only coverage under a high deductible plan to $4,500 for 2027, compared with $4,400 in 2026 to account for inflation.
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May 29, 2026
CPAs Ask For Clearer Guidance On Trump Accounts
The IRS should issue final regulations that clarify two issues regarding the new tax-advantaged brokerage accounts for newborns called Trump accounts, including that the default responsible party for the accounts is the legal guardian or fiduciary of the eligible child, an accountants group said.
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May 29, 2026
Fla. Man Sentenced To 18 Months For $7M Biofuel Tax Fraud
The owner of a Florida renewable fuel company was sentenced to 18 months in prison followed by two years of supervised release for a scheme that generated more than $7 million in fraudulent fuel tax credits, the U.S. Department of Justice announced Friday.
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May 29, 2026
Taxation With Representation: Latham, White & Case, Vischer
In this week's Taxation With Representation, Fertitta Entertainment acquires Caesars Entertainment, Eli Lilly and Co. buys three companies involved in vaccine development, and nuclear energy company Newcleo Ltd. says it plans to go public by merging with a special purpose acquisition company, NewHold Investment Corp. III.
Expert Analysis
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Power To The Paralegals: An Untapped Source For Biz Roles
Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.
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How Trucking Cos. Can Keep Rolling Under Tariff Burdens
Recent Trump administration tariffs present major challenges for the transportation and logistics sector — and, in particular, trucking — but providers who focus on operational efficiency, cost control, customer relationships, creative contract structures and unique offerings will stand out from the competition, say attorneys at Benesch.
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Tariff Strategies For The US Renewable Energy Sector
The Trump administration's tariff actions over the last few months are challenging for the renewable energy industry — but there are strategies for contending with the uncertainty, including diversifying supply chains, seeking certification about equipment origins, and adding tariff-related language to supply contracts and offtake agreements, say attorneys at Sheppard Mullin.
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Ch. 7 Marshaling Ruling Rests On Shaky Legal Grounds
In its recent holding in a Chapter 7 bankruptcy case that marshaling may not be applied against the IRS, a Texas federal court misapplied a bankruptcy code section and case law, leaving a draconian decision that could limit the scope of a powerful equitable estate tool, says Brian Shaw at Cozen O'Connor.
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3 Tax Issues Manufacturers Should Watch In 2025 Budget Bill
As Congress works toward a budget reconciliation bill, manufacturing companies should keep a keen eye on proposals to change bonus depreciation, the qualified business income deduction and energy tax credits, which could have a significant impact on capital-intensive industries, say attorneys at Frost Brown Todd.
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$38M Law Firm Settlement Highlights 'Unworthy Client' Perils
A recent settlement of claims against law firm Eckert Seamans for allegedly abetting a Ponzi scheme underscores the continuing threat of clients who seek to exploit their lawyers in perpetrating fraud, and the critical importance of preemptive measures to avoid these clients, say attorneys at Lockton Companies.
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Jurisdictional Issues At Play In 9th Circ.'s FCA Trade Case
A decision by the Ninth Circuit in Island Industries v. Sigma Corp. could result in the U.S. Court of International Trade’s exclusive jurisdiction over trade-related FCA cases, a big shift in the enforcement landscape just as tariffs take center stage in trade policy, say attorneys at Haynes Boone.
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Evolving Federal Rules Pose Further Obstacles To NY LLC Act
Following the Financial Crimes Enforcement Network's recent changes to beneficial ownership information reporting under the federal Corporate Transparency Act — dramatically reducing the number of companies required to make disclosures — the utility of New York's LLC Transparency Act becomes less apparent, say attorneys at Pillsbury.
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Alternative Business Structures Raise Ethics Questions
The new KPMG law firm, launched in Arizona following that state's repeal of the prohibition on fee sharing with nonlawyers, raises a number of important practice questions, both for the firm and those law firms seeking to partner with it, says Deborah Winokur at Cozen O’Connor.
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The IRS Shouldn't Go To War Over Harvard's Tax Exemption
If the Internal Revenue Service revokes Harvard's tax-exempt status for violating established public policy — a position unsupported by currently available information — the precedent set by surviving the inevitable court challenge could undercut the autonomy and distinctiveness of the charitable sector, says Johnny Rex Buckles at Houston Law Center.
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Mitigating Import Risks Around Southeast Asian Solar Cells
The U.S. Department of Commerce's recent final determinations in its antidumping and countervailing duty investigations into solar cells produced in certain Southeast Asian countries make it important for U.S. purchasers to consider risk mitigation strategies, including modifying supply chains and contractually assigning import responsibilities, say attorneys at Morgan Lewis.
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Reassessing Corporate Separateness After Explosion Of LLCs
Following the dramatic increase of limited liability companies in the U.S., the Corporate Transparency Act's enactment and the Trump administration's subsequent narrowing of that law, it's worth revisiting the underlying legal principles that govern shell companies in order to remedy the problems that initially motivated the CTA, says Jeff Newton at Omni Bridgeway.
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Crisis Management Lessons From The Parenting Playbook
The parenting skills we use to help our kids through challenges — like rehearsing for stressful situations, modeling confidence and taking time to reset our emotions — can also teach us the fundamentals of leading clients through a corporate crisis, say Deborah Solmor at the Wisconsin Alumni Research Foundation and Cara Peterman at Alston & Bird.