Federal

  • June 12, 2025

    GOP Tax Bill Penalizes Professionals, CPA Group Says

    The One Big Beautiful Bill Act passed by House Republicans penalizes accountants and other professionals and would unfairly eliminate a state and local tax deduction for certain pass-through entities, a national group of certified public accountants said Thursday.

  • June 12, 2025

    Spouse Had No Idea About Ex's Income, Tax Court Determines

    A North Carolina woman who prepared joint tax returns for her and her now-ex husband had no idea of the multiple sources of unreported income paid to her former spouse, the U.S. Tax Court ruled Thursday, granting her innocent spouse relief from his tax liability.

  • June 12, 2025

    Senate Confirms Former US Rep To Take IRS Helm

    The Senate confirmed President Donald Trump's nomination of former U.S. Rep. Billy Long to be Internal Revenue Service commissioner Thursday, clearing the path for him to begin a term that will end in November 2027.

  • June 12, 2025

    Bessent, Senate GOP Insist TCJA Extension Won't Hike Deficit

    Senate Finance Committee Republicans and U.S. Treasury Secretary Scott Bessent maintained Thursday that making permanent the expiring tax provisions in the 2017 tax overhaul would not raise the federal budget deficit, despite projections to the contrary.

  • June 12, 2025

    China Agrees To Loosen Rare Earth Restrictions, US Says

    Chinese trade negotiators have agreed to lift export controls on rare-earth elements in exchange for the U.S. walking back a campaign to revoke visas for Chinese students, according to statements by U.S. officials, which experts said leave key issues unresolved.

  • June 12, 2025

    Avenatti Sheds 3 Years After 9th Circ. Orders Resentencing

    A California federal judge on Thursday resentenced disbarred attorney Michael Avenatti to just over 11 years in federal prison for filching millions of dollars from his clients' settlement funds, reducing a 14-year sentence overturned by the Ninth Circuit and leaving Avenatti with about eight years left after time served.

  • June 12, 2025

    IRS Extends Deadline To Comply With Digital Asset Rules

    Brokers of digital assets such as cryptocurrency and nonfungible tokens will have another year to comply with new tax reporting requirements before facing penalties, the Internal Revenue Service said Thursday in extending transition relief to the sale of digital assets through 2026.

  • June 12, 2025

    Biz Owner Who Faked Tax Docs Gets 4 Years For COVID Fraud

    A business owner who used fabricated tax forms to secure $1 million in pandemic relief loans was sentenced to nearly four years in prison by a Colorado federal court after admitting one of the companies was inoperative and had no employees.

  • June 12, 2025

    Justices Reverse IRS Loss In Tax Collection Suit

    The U.S. Supreme Court ruled Thursday that the U.S. Tax Court did not have jurisdiction to review a New Jersey woman's collection dispute with the Internal Revenue Service after the agency stopped going after her unpaid taxes, reversing an earlier IRS loss.

  • June 11, 2025

    Ex-NASCAR Owner Pleads Guilty To Dodging Payroll Taxes

    A former NASCAR team owner appeared in North Carolina federal court Wednesday to enter a guilty plea for his failure to pay payroll taxes, according to a U.S. Department of Justice statement.

  • June 11, 2025

    Russia Must Face $5B Yukos Award Suit, DC Judge Rules

    At D.C. federal judge on Wednesday denied Russia's bid to nix litigation filed by the financing arm of Yukos Oil Co. to enforce a nearly $5 billion arbitral award, saying the Kremlin's jurisdictional objections fell short.

  • June 11, 2025

    US Consultant In France Must Pay $2M In FBAR Penalties

    An American energy consultant residing in France must pay more than $2 million in penalties for purposely not disclosing foreign bank accounts that held more than $3 million, as opposed to the under $30,000 initially reported, a D.C. federal court ruled.

  • June 11, 2025

    IRS Must Improve Online Taxpayer Identification, GAO Says

    The Internal Revenue Service needs to enhance its oversight of the outside vendor it uses to verify taxpayer identities when users log in to file their returns or access online resources, the Government Accountability Office said Wednesday.

  • June 11, 2025

    Treasury Secretary Defends IRS Cuts, $3.8T Budget Bill

    U.S. Treasury Secretary Scott Bessent told House lawmakers Wednesday that cutting IRS funding would strengthen the agency while the GOP's $3.8 trillion One Big Beautiful Bill Act would boost working-class living standards and spark a fresh wave of economic growth.

  • June 11, 2025

    Senate Dems' Bill Would Bar GILTI For 'Round-Tripped' Income

    Income that is "round-tripped" to obtain tax advantages would become ineligible for the half-off corporate tax rate under the global intangible low-taxed income regime, based on a bill introduced Wednesday by Sen. Ron Wyden, D-Ore., and three other Senate Democrats.

  • June 11, 2025

    Trump Pick For IRS Chief Clears Key Senate Hurdle

    President Donald Trump's nominee to serve as commissioner of the Internal Revenue Service survived a key procedural vote Wednesday in the Senate, setting the stage for the chamber to proceed with a final vote on his confirmation.

  • June 10, 2025

    Vertex Says Tax Software Rival Purposely Destroyed Evidence

    Tax compliance software company Vertex Inc. told a Pennsylvania federal judge Monday that Avalara intentionally destroyed and failed to preserve "key sources of electronically stored information crucially relevant" to Vertex's lawsuit accusing its rival of poaching workers to steal trade secrets.

  • June 10, 2025

    GOP Senators Vow To Maintain No Tax On Tips In Budget Bill

    Senate Republicans said Tuesday they are likely to preserve the House's provisions that exempt tips from taxation and honor other campaign tax promises of President Donald Trump in the chamber's version of the budget bill.

  • June 10, 2025

    LA Real Estate Agent Admits Obstructing IRS

    A Los Angeles commercial real estate broker pled guilty to obstructing the Internal Revenue Service's attempts to collect thousands of dollars in unpaid taxes by willfully hiding his income and assets from the agency, the U.S. Department of Justice announced Tuesday.

  • June 10, 2025

    Fed. Circ. Keeps Trump Tariffs In Place, Fast-Tracks Appeal

    The Federal Circuit on Tuesday granted the federal government's bid to keep President Donald Trump's global tariffs in place while it appeals a U.S. Court of International Trade order striking them down on the grounds that they exceeded the president's authority.

  • June 10, 2025

    Fund Manager, Wife Can't Claim $1.9M Refund, Judge Rules

    A Florida investment fund manager and his wife are not entitled to a $1.9 million income tax refund resulting from a depreciation deduction related to a private jet because the entity that purchased the jet was not operating as a business, a federal judge ruled.

  • June 10, 2025

    Ayahuasca Church Brings Religious Use Case To DC Circ.

    An Iowa church that seeks to use a psychedelic drug in its rites filed a petition Monday with the D.C. Circuit seeking to compel federal drug enforcers to process an application for a religious exemption to the Controlled Substances Act, which has been pending for over six years.

  • June 10, 2025

    Judge Denies Gov't Bid To Toss Law Firm's Payroll Tax Suit

    The U.S. government cannot throw out a boutique law firm's suit that seeks a refund of $282,000 in pandemic-era worker retention credits and a pause on payroll tax enforcement, a Connecticut federal judge ruled Tuesday.

  • June 10, 2025

    Ex-Conn. Attorney Sues AG Bondi To Restore Gun Rights

    A Connecticut attorney who served prison time for a tax offense has sued federal and state officials to demand the restoration of his right to possess firearms and ammunition, arguing that the prohibition on that right is unconstitutional as applied to him.

  • June 10, 2025

    Tax Chiefs Say Flagging Oddities Could Reduce ID Crimes

    Flagging suspicious behaviors, like bank accounts receiving multiple tax refund deposits in a matter of days, could help reduce identity-based crimes, a public-private partnership with top tax officials from five countries including the U.S. reported Tuesday.

Expert Analysis

  • 5 E-Discovery Predictions For 2025 And Beyond

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    In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler.

  • What's Ahead As Transparency Act Comes To A Crossroads

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    Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun.

  • Final Hydrogen Tax Credit Regs Add Flexibility For Producers

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    The recently released final regulations implementing the Inflation Reduction Act's clean hydrogen production tax credit offer taxpayers greater flexibility, reducing risk and creating more certainty for investments in the industry, thus diminishing — but not eliminating — the risk of legal challenges to the regulations, say attorneys at Steptoe.

  • 5 Evolving Concerns For Family Offices In 2025

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    Complex regulatory changes and emerging operational risks will force family offices to stay on their toes in 2025, with timely action particularly necessary to address several tax and reporting developments that may affect their investments and business operations, say attorneys at Morgan Lewis.

  • 7 Ways 2nd Trump Administration May Affect Partner Hiring

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    President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae.

  • E-Discovery Quarterly: Rulings On Custodian Selection

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    Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley.

  • A Look At PCAOB's Record-Breaking Enforcement In 2024

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    The Public Company Accounting Oversight Board in 2024 brought more enforcement actions against auditors and imposed increasingly higher monetary penalties, showing that it was not afraid to exercise its power to fine and reprimand firms, a trend that will likely continue in 2025, say attorneys at Briglia Hundley.

  • Exploring Venue Strategy For Trump-Era Regulatory Litigation

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    Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.

  • An Associate's Guide To Career Development In 2025

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    As the new year begins, associates at all levels should consider establishing career metrics, fostering key relationships and employing other specific strategies to help move through the complexities of the legal profession with confidence and emerge as trailblazers, say EJ Stern and Amanda George at Fractional Law Firm.

  • Fixing Up Cars Makes Me A Better Lawyer

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    From problem-solving to patience and adaptability to organization, the skills developed working under the hood of a car directly translate to being a more effective lawyer, says Christopher Mdeway at Kaufman Dolowich.

  • A New Tax On Employers Could Help Curb Illegal Immigration

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    To better enforce the law against hiring immigrants unauthorized to work in the U.S., Congress should enact a punitive excise tax on compensation paid to such immigrants and amend the False Claims Act to allow qui tam actions against employers for failure to pay such tax, says Ajay Gupta at Moore Tax Law Group.

  • Making The Pitch To Grow Your Company's Legal Team

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    In a compressed economy, convincing the C-suite to invest in additional legal talent can be a herculean task, but a convincing pitch — supported by metrics and cost analyses — may help in-house counsel justify the growth of their team, say Elizabeth Smith and Roger Garceau at Major Lindsey.

  • Justices May Find Gov't Can Keep Fraudulent Transfer Benefit

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    Based on the justices' questions at the recently argued U.S. v. Miller, the Supreme Court appears prepared to hold that the U.S. — unlike any other creditor — is permitted to retain the benefits of a fraudulent transfer to the detriment of other bankruptcy creditors, says Kevin Morse at Clark Hill.

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