Federal
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October 20, 2026
Biz Says 50% Canadian Tariff Is Yet Another Illegal Regime
President Donald Trump's retaliatory 50% tariffs against Canadian goods are the latest in a string of illegal trade actions and should be struck down, just like two previous regimes, according to a lawsuit filed Tuesday at the U.S. Court of International Trade.
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October 20, 2026
IRS Updates Corporate Bond Monthly Yield Curve For October
The IRS on Tuesday updated the corporate bond monthly yield curve used in calculations for defined benefit plans for October, as well as corresponding segment rates and the interest rate for 30-year U.S. Department of the Treasury securities.
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October 20, 2026
Plastics Co. Asks 5th Circ. Not To Nix Captive Insurance Case
The founder of a plastic manufacturing company asked the Fifth Circuit not to dismiss his bid to restore a tax deduction the IRS denied on premiums the company paid for its captive insurance arrangement, saying the court has jurisdiction over the case despite the government's claim to the contrary.
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October 20, 2026
Ala. Partnerships Defend $95M In Deductions For Land Gifts
Two Alabama partnerships were wrongly denied deductions totaling more than $95 million for over 370 acres they donated to the same conservation group in 2020, they told the U.S. Tax Court.
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October 20, 2026
Treasury Drops Proposed 'Per Se' Test For Tax-Free Spinoffs
The U.S. Treasury Department on Tuesday scrapped regulations proposed in 2016 that would have used a "per se" test and other bright-line rules to determine whether corporate spinoff transactions qualify for tax-free status.
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October 20, 2026
OECD Updates Min. Return Guidance For Tax Authorities
The OECD on Tuesday released updated guidance for tax authorities regarding the system to exchange taxpayer returns under the 15% global minimum tax, incorporating changes related to the deal to exempt U.S. companies from its international provisions and other technical adjustments.
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October 19, 2026
How The Midterms Are Likely To Shape Tax Policy
While the outcome of the midterm elections won't change tax policy overnight, the winning party should at the very least have the chance to signal its priorities and work on bipartisan legislation that could become law even in a divided government. Here, Law360 breaks down different tax policy scenarios that could come from the elections.
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October 19, 2026
BDO $1.3B ESOP Fight Dismissed On Standing Grounds
A Massachusetts federal judge on Monday dismissed a proposed class action against BDO USA alleging the accounting and tax advisory firm's $1.3 billion deal to create an employee stock ownership plan violated federal benefits law, holding the worker who sued couldn't show that the transaction injured him.
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October 19, 2026
Whistleblower Can't Challenge Award In Tenn. Court, IRS Says
A district court doesn't have jurisdiction over an anonymous whistleblower's challenge to the $10 million cap that applies to whistleblower awards, the IRS told the Sixth Circuit on Monday, arguing that any determination regarding an award must be appealed to the U.S. Tax Court.
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October 19, 2026
Tax Court Disallows Ohio Partnerships' Easement Deductions
Two Ohio partnerships improperly claimed tens of millions of dollars in charitable contribution deductions for donations of easements placed over the facades of historic buildings, the U.S. Tax Court said Monday, finding the companies grossly overstated the easements' values.
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October 19, 2026
Tax Court Cuts Ga. Conservation Easement Deductions
Two companies are entitled to smaller charitable contribution deductions for conservation easements than what they claimed, the U.S. Tax Court said, imposing a penalty for gross valuation misstatement in each case.
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October 19, 2026
Meta Says It Didn't Concede Stock Options Issue In Facebook
Despite IRS arguments to the contrary, Meta Platforms told the U.S. Tax Court that it didn't concede that stock option costs need to be included in cost-sharing agreements between affiliates in a prior case involving its predecessor, Facebook.
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October 19, 2026
Adviser In Easement Suit Looks To Shed Malpractice Claim
A financial adviser urged a Georgia federal court to toss a professional malpractice claim in a suit alleging it referred clients to participate in an illegitimate conservation easement scheme, saying the claim is time-barred under state law.
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October 19, 2026
High Court To Mull Home Distilling Ban Following Circuit Split
The U.S. Supreme Court on Monday agreed to take up a case on the federal tax code's ban on distilling whiskey at home after the Fifth Circuit found the ban unconstitutional but the Sixth Circuit upheld the ban.
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October 16, 2026
IRS Urged To Shore Up Efforts To Curb 'Ghost Preparers'
The Internal Revenue Service should enhance data collection, sharing and analysis in order to more effectively crack down on tax preparers who hide their identities on returns, the U.S. Government Accountability Office said in a report released Friday.
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October 16, 2026
Could A Criminal Sentencing Case Upend Loper Bright?
U.S. Supreme Court Justice Neil Gorsuch is concerned that a ruling instructing trial courts to defer to the U.S. Sentencing Commission's interpretation of federal sentencing guidelines could blow a "pretty big hole" in the court's recent rejection of deference doctrines. His colleagues, however, don't appear as perturbed.
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October 16, 2026
Applicable Federal Rates To Climb In November, IRS Says
Applicable federal rates are set to increase across the board in November for federal income tax purposes, the Internal Revenue Service announced Friday.
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October 16, 2026
IRS Finalizes Rules To Take Payments Directly By Credit Card
Taxpayers could sidestep third-party payment processors and make tax payments directly to the Internal Revenue Service using their credit card under final rules released by the agency Friday.
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October 16, 2026
Taxation With Representation: Freshfields, Morgan Lewis
In this week's Taxation With Representation, Penske Automotive Group Inc. agrees to be taken private by Motown Acquisition Corp., a GTCR-led group of private investment firms acquires software firm CCC Intelligent Solutions Holdings Inc. and a Steris PLC subsidiary buys specialty surgical products business Xodus Medical Inc.
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October 16, 2026
Eaton To Defend Prices Paid For Breaker Products At Trial 2
Ohio-based Eaton Corp. is preparing to defend the prices it paid during 2011 to 2013 for electrical breakers and other products from manufacturing affiliates in Puerto Rico and the Dominican Republic when its second U.S. Tax Court trial begins Nov. 2.
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October 15, 2026
No Sanctions Over Lost Evidence In Tax Software Dispute
A Pennsylvania federal court won't sanction tax software company Avalara Inc. for destroying evidence in an employee poaching suit brought by a rival, as the judge adopted a special master's findings that the rival couldn't show the missing evidence harmed its case.
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October 15, 2026
IRS Says Donor Disclosure Rule Is Key To Tax Compliance
The Internal Revenue Service's nonprofit donor disclosure rule doesn't violate the First Amendment, the agency told a D.C. federal court, arguing the rule promotes voluntary compliance from nonprofits through information reporting requirements.
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October 15, 2026
Innocent Spouse Tax Relief Bid Timely Filed, 5th Circ. Told
The U.S. Tax Court improperly concluded that a Texas woman narrowly missed a statutory filing deadline in seeking innocent spouse relief on federal income taxes and shouldn't have dismissed her case, she told the Fifth Circuit, arguing the deadline isn't jurisdictional.
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October 15, 2026
IRS Finalizes Liability Regs In Corporate Group Transfers
The Internal Revenue Service finalized regulations Thursday clarifying that a corporate subsidiary's tax basis in stock received in an intracompany transfer will exclude certain liabilities assumed by the transferee subsidiary, affecting affiliated groups of companies that file one income tax return together.
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October 15, 2026
Partnership Defends 1,500-Acre Gift, $19M Deduction
A partnership that donated over 1,500 acres in Bullock County, Alabama, to a conservancy in 2018 should be allowed to deduct $19.4 million for the gift and isn't liable for penalties, it told the U.S. Tax Court.
Expert Analysis
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Being In A Band Made Me A Better Lawyer
Playing shows in storied New York City venues and rehearsing with my bandmates in poorly ventilated rooms helped develop the professional qualities I rely on as a litigator, including an ability to collaborate with strong-minded equals and the determination to treat each client with singular focus, says Eliad Shapiro at Herrick Feinstein.
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The Divergent Approaches In US, EU Forced Labor Standards
Forced labor guidance documents recently issued by the U.S. and the European Union have meaningful differences, with the U.S. taking a documentary approach to compliance and the EU emphasizing human rights risks as a governance challenge, but one model will likely exert greater influence, say attorneys at Steptoe.
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Going To Hardcore Shows Makes Me A Better Lawyer
While government contracts law and the hardcore scene may seem entirely unrelated, in my experience, both are about community, focus, being prepared for the unexpected and managing chaos, says Isaac Natter at Fluet.
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Handling Section 301 Tariffs When CBP Detains Goods
Importers subject to Section 301 tariffs on goods under a U.S. Customs and Border Protection forced labor hold should consider three approaches when deciding whether to pay tariffs on goods that may ultimately be excluded, or wait and watch port demurrage compound daily, says James Ferry at Ferry Trade.
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Justices' FTC Ruling Weakens Qui Tam's Constitutional Base
The U.S. Supreme Court’s holding in Trump v. Slaughter, expanding presidential control over those exercising executive power, suggests that courts may be receptive to arguments challenging the constitutional foundations of the False Claims Act’s qui tam mechanism, says Daniel Passeser at Wiggin.
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5 Financial Statement Fraud Red Flags To Spot Post-Sripetch
The U.S. Supreme Court recently held in Sripetch v. U.S. Securities and Exchange Commission that disgorgement exists to strip a wrongdoer of unjust enrichment, not merely to compensate victims for what they lost, shifting the work at the center of securities fraud cases in five ways, says Rand Manasse at Green Lane Partners.
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Assessing The Benefits Of Fla.'s Newest Business Structure
As of July 1, Florida business owners can create protected series LLCs to shield assets from liability while avoiding increased costs and wasted time, but burdensome recordkeeping obligations are crucial to maintaining the very protection that makes them attractive in the first place, says Gregory Ritter at Moritt Hock.
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Justices' Tax Sale Ruling Tees Up Auction Fairness Battles
The U.S. Supreme Court’s recent decision in Pung v. Isabella County, Michigan, that taxpayers are not entitled to fair market value of real property seized to satisfy a tax debt shifts attention to the fairness of state and local auction procedures, and whether taxpayers claiming surplus proceeds face unwarranted hurdles, say attorneys at Miller Canfield.
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Judges On AI: Examining Administrative, Organizational Uses
U.S. District Judge Alan Albright of the Western District of Texas examines how artificial intelligence could transform a court's ability to deal with administrative work and organize materials when preparing for hearings or drafting opinions, thereby affording judges more time to resolve contested issues.
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Being A Magician Makes Me A Better Lawyer
The skills I've developed as a lifelong magician have translated directly into tangible benefits in the courtroom because performing magic and trying cases both live at the intersection of psychology, storytelling, timing and disciplined rehearsal, says Mark Dombroff at Fox Rothschild.
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A 3-Part Blueprint For Sentencing Variance Arguments
Tom Goldstein’s upcoming sentencing provides a useful lens for defense practitioners seeking a variance from the guidelines range, serving as a reminder to distinguish those requests from guidelines challenges and build an evidence-based case well before the hearing, says Joseph De Gregorio of Sentencing Advocacy Group.
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Mich. Banking Brief: All The Notable Legal Updates In Q2
The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.
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Proof, Not Just Timing, Will Decide Clean Energy Credits
For wind and solar projects that sprinted to begin construction before the accelerated placed-in-service deadline of July 4, project owners must now assemble and maintain documentation to qualify the project and defend against a potential clean energy credit audit, says Peter Lowy at Nelson Mullins.