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Federal
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July 27, 2026
Wis. Land Could Support 300 Oil Wells, Tax Court Told
Four limited liability companies defended total deductions of $245 million for conservation easements on land in two Wisconsin counties they donated in 2021, telling the U.S. Tax Court the properties had the potential to support nearly 300 oil production wells.
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July 27, 2026
NC Contractor Pushes For Employee Retention Credit Refund
A mechanical contractor is entitled to a $600,000 tax refund for claimed employee retention tax credits, it told a North Carolina federal court, saying the credits may not have been paid because the White House's Department of Government Efficiency gutted the IRS.
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July 27, 2026
Tax Court Upholds IRS Denial Of $29.6M Net Loss Deductions
The IRS properly denied consolidated net operating loss deductions of approximately $29.6 million a corporate affiliated group claimed on federal income tax returns, the U.S. Tax Court said Monday.
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July 27, 2026
Atty Hopes AI Tool Can Make Tax Court More Accessible
An attorney has developed an artificial intelligence-powered tool that aims to give practitioners a new window into the U.S. Tax Court's sprawling docket with analyses of judge and attorney workloads, daily opinion summaries and real-time case updates. Michael Coverstone, counsel at Kostelanetz LLP, spoke to Law360 about what it can do.
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July 27, 2026
Insurance Services Co. Can Fix Worker Tax Credit Refund Bid
A U.S. Court of Federal Claims judge allowed a California-based health and life insurance services company to amend its complaint to address questions about whether it qualified as an eligible employer to claim a $50,000 employee retention tax credit refund.
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July 24, 2026
Tax Evasion Charges Brought In Wrong Court, DC Judge Says
A Washington, D.C., federal judge dismissed charges accusing a man of tax evasion in years he worked overseas, agreeing with him that D.C. court wasn't the proper venue because an essential element of the allegations occurred in Texas.
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July 24, 2026
Semiconductor Co. Says IRS Wrongly Nixed $61M Deduction
A Silicon Valley company specializing in semiconductor process control told the U.S. Tax Court that the Internal Revenue Service wrongly denied it a deduction of at least $60.9 million for dividends received from foreign subsidiaries.
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July 24, 2026
Trump's Latest Canada Tariffs Could Be More Than Bluster
President Donald Trump's proposed 50% tariffs on select Canadian imports could be a negotiation tactic, but given the ongoing tension between the U.S. and Canada, trade lawyers are bracing for the possibility those measures will be implemented and lead to further escalation.
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July 24, 2026
Forced Labor Tariffs Are Another Illegal Global Regime, Cos. Say
President Donald Trump's latest tariff covering most imports to the U.S. is yet another instance of the president attempting to establish an illegal global tariff regime, a pair of companies told the U.S. Court of International Trade on Friday.
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July 24, 2026
Goldstein Gets 6-Year Sentence, Bond Revoked
Thomas Goldstein, the famed U.S. Supreme Court attorney and founder of SCOTUSblog whose turn into the world of ultra-high-stakes poker ultimately landed him federal tax and mortgage fraud convictions, was sentenced to six years in prison; he was taken into custody and out of court in handcuffs Friday.
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July 24, 2026
Taxation With Representation: Kleinberg Kaplan, Baker Botts
In this week's Taxation With Representation, Brookfield Asset Management acquires Aypa Power from funds managed by Blackstone Energy Transition Partners, Brookfield and Canada Pension Plan Investment Board buy LXP Industrial Trust, and Novagold Resources Inc. and Paulson Advisers LLC agree to give Novagold full ownership of Donlin Gold LLC.
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July 24, 2026
World Cup National Bodies Get IRS Filing Requirement Waived
The Internal Revenue Service will waive a filing requirement for tax-exempt national soccer associations that participated in this year's FIFA World Cup if they lack income connected to the U.S. other than prize money, the agency said Friday.
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July 24, 2026
DOL E-Delivery Push Pleases Mgmt. And Worker Attys Alike
Recently proposed U.S. Department of Labor regulations that would encourage e-delivery of employee health plan documents are winning plaudits from both sides of the benefits bar for potentially streamlining the process and augmenting online transparency. Here are three things to know about the DOL's proposal.
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July 24, 2026
Weekly Internal Revenue Bulletin
The Internal Revenue Service's weekly bulletin, released Thursday, included final rules designating certain charitable remainder annuity trusts as reportable transactions because they involve abusive tax avoidance practices.
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July 23, 2026
TGI Fridays Wins Confirmation Of Liquidating Ch. 11 Plan
The casual dining chain TGI Friday's Inc. on Thursday won approval of its Chapter 11 liquidation plan to offload its remaining assets and eventually distribute them through a trust, after creditors voted overwhelmingly in favor of the plan.
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July 23, 2026
Staffing Co. Pushes For COVID-Era Employee Credit Refund
A staffing and recruiting company asked a Texas federal court for an employee retention tax credit refund of nearly $570,000, which the company said it timely claimed but remains unpaid by the IRS.
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July 23, 2026
US To Impose Widespread Tariffs As Temporary Duties Expire
Tariffs covering most imports into the U.S. at 10% and 12.5% will take effect Friday as President Donald Trump's temporary global duty expires, the Office of the U.S. Trade Representative announced Thursday.
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July 23, 2026
Kate Hudson Activewear Customer Drops Tariff Refund Claim
A customer of Kate Hudson's activewear business Fabletics has dropped her claim for refunds of global tariffs she alleged the actress's company passed on to customers before the U.S. Supreme Court found them illegal.
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July 23, 2026
Senate Finance Committee Clears 4 Trump Treasury Picks
The Senate Finance Committee approved President Donald Trump's picks for four top positions at the U.S. Treasury Department in a series of party-line votes Thursday, sending their nominations to the full Senate.
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July 23, 2026
USTR Sets Large Canadian Tariff Quotas For Sugar Products
The U.S. will allocate a large portion of its fiscal 2027 tariff rate quotas for refined sugar products and certain sugar-containing goods to Canada, according to a notice published Wednesday by the office of the U.S. Trade Representative.
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July 23, 2026
Biz Group Urges OECD To Clarify Transfer Pricing Updates
The Organization for Economic Cooperation and Development should clarify aspects of its guidelines for pricing intragroup services across borders, according to the National Foreign Trade Council, which said clearer guidance could reduce inconsistent applications among tax authorities.
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July 22, 2026
Ga. Partnership Defends $53.9M Deduction In Easement Case
A Georgia partnership told the U.S. Tax Court that the IRS erred in denying its $53.9 million deduction for 243 acres donated to a conservation group in 2021, citing an exploration report that said the land contained at least 53 million tons of granite.
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July 22, 2026
House Panel OKs Limits, Reporting For Tax-Exempt Orgs
The House Ways and Means Committee passed several bills Wednesday that would impose limits and reporting requirements on tax-exempt organizations, including legislation to require those organizations to report the amount of donations they receive from foreign nationals.
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July 22, 2026
Keep Liberty Global's Loss In $2.4B Tax Row, 10th Circ. Told
The Tenth Circuit shouldn't allow telecommunications giant Liberty Global to rehash its defense of "economically meaningless" transactions that formed a tax avoidance strategy producing a $2.4 billion deduction correctly rejected by the IRS, the government said Wednesday.
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July 22, 2026
Coffee Co. Says Acquired Biz's Founder Hid Tax Designation
The founder of a Colorado coffee equipment provider induced a California coffee equipment manufacturer and its president to acquire the company by hiding its true tax designation on a loan application, the companies and the president allege in a complaint in Colorado state court.
Expert Analysis
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The Law Firm Merger Diaries: How To Build On Cultural Fit
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.
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Rare Tariff Authority May Boost US Battery Manufacturing
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.
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Considerations When Invoking The Common-Interest Privilege
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.
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The Law Firm Merger Diaries: Making The Case To Combine
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.
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What To Watch As NY LLC Transparency Act Is Stuck In Limbo
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.
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Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar
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.
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8th Circ. Decision Shipwrecks IRS On Shoals Of Loper Bright
The Eighth Circuit’s recent decision invalidating transfer pricing regulations in 3M Co. v. Commissioner may be the most significant tax case implementing Loper Bright's rejection of agency deference as a judicial tool in statutory construction, says Edward Froelich at McDermott.
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Rule Amendments Pave Path For A Privilege Claim 'Offensive'
Litigators should consider leveraging forthcoming amendments to the Federal Rules of Civil Procedure, which will require early negotiations of privilege-related discovery claims, by taking an offensive posture toward privilege logs at the outset of discovery, says David Ben-Meir at Ben-Meir Law.
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Litigation Funding Could Create Ethics Issues For Attorneys
A litigation investor’s recent complaint claiming a New York mass torts lawyer effectively ran a Ponzi scheme illustrates how litigation funding arrangements can subject attorneys to legal ethics dilemmas and potential liability, so engagement letters must have very clear terms, says Matthew Feinberg at Goldberg Segalla.
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SEC's Dual Share Class Approval Signals New Era For ETFs
The U.S. Securities and Exchange Commission's recent approval of the dual share class structure marks a landmark moment for the U.S. fund industry, opening the door for asset managers to benefit from combining mutual fund and exchange-traded fund share classes under a single portfolio, say Ilan Guedj at Bates White and Brian Henderson at George Washington University.
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E-Discovery Quarterly: Recent Rulings On Dynamic Databases
Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley.
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What To Do If A Retirement Plan Participant Is Deported
Given recent immigration policy changes in the U.S., many businesses are experiencing employee deportations, but retirement plan administrators should still pay and report benefits to avoid violating the plan, the Employee Retirement Income Security Act or tax reporting requirements, says Teri King at Smith Gambrell.
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Defeating Estoppel-Based Claims In Legal Malpractice Actions
State supreme court cases from recent years have addressed whether positions taken by attorneys in an underlying lawsuit can be used against them in a subsequent legal malpractice action, providing a foundation to defeat ex-clients’ estoppel claims, says Christopher Blazejewski at Sherin and Lodgen.