Federal
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October 14, 2026
Sens. Probe Meta For Claiming Tax Credits On AI Data Centers
Democratic senators called on Meta CEO Mark Zuckerberg to explain why he's justifying the use of billions in federal research tax credits to pay for building the company's AI data centers, warning that doing so is a possible misapplication of federal tax law that could prompt further investigation.
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October 14, 2026
DOJ, IRS Say Enforcement Surge Exposed $490M In Tax Fraud
The U.S. Department of Justice prosecuted 76 people linked to more than $490 million in federal revenue losses as part of a stepped-up enforcement effort with the IRS and U.S. attorneys' offices over the past six weeks, the leader of the DOJ's new fraud division said Wednesday.
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October 14, 2026
Trustee Asks 1st Circ. To Nix Shuttered Bank Owner's Claims
A Puerto Rico federal court properly dismissed claims against a trustee appointed to administer the receivership of a shuttered online bank suspected of facilitating tax evasion and money laundering, he told the First Circuit, saying he's entitled to 11th Amendment immunity because he was sued in his official capacity.
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October 14, 2026
Boston Financial Raises $191M For Affordable Housing Fund
Boston Financial has closed its latest low-income housing tax credit fund at $191 million, with plans to funnel the capital toward 16 affordable housing communities in 12 states, the firm announced Wednesday.
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October 14, 2026
Double Tax Fears In UN Talks Are Overblown, Economists Say
Wealthy countries are invoking the risk of double taxation to defend existing international tax rules that let multinational corporations pay little or nothing, a group of economists said Wednesday in urging good faith negotiations at an upcoming United Nations conference.
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October 14, 2026
IRS Proposes To Block Immigrants From Premium Tax Credit
Rules proposed Wednesday by the Internal Revenue Service would bar many immigrants from claiming the refundable tax credit for health insurance purchased through an exchange and impose new verification requirements for advance payments.
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October 13, 2026
Former Strip Club Boss Gets 16 Months In $3M Tax Case
A soon-to-be 70-year-old former strip club boss accused of hiding $3 million from the IRS was sentenced to a below-guidelines prison term of 16 months on Tuesday, after the mother of his 3-year-old child asked a Connecticut federal judge for leniency.
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October 13, 2026
H&R Block Says Liberty Owes $6M For TurboTax Suit Defense
H&R Block's subsidiaries told a California federal judge on Friday that Liberty Mutual must pay over $6 million in costs they incurred defending themselves in an underlying suit filed by rival Intuit, which accused H&R Block of making misleading price comparisons between its products and Intuit's TurboTax products.
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October 13, 2026
Tax Court Says Couple Failed To Back Up Receipts, Deduction
A Pennsylvania businessman and his spouse understated their gross receipts, the U.S. Tax Court said in an opinion released Monday, finding they aren't entitled to a deduction for meals or repairs and maintenance.
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October 13, 2026
Okla. Donor Adds $14M To $51 In Disputed Deductions
An Oklahoma donor has added $14 million to the $51 million in deductions he wants the U.S. Tax Court to reinstate for conservation easement donations made through partnerships in 2018, according to his most recent petition.
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October 13, 2026
IRS Worker Claims Defamation By Tribal Tax Credit Promoter
An energy company accused of selling fraudulent tax shelters marketed as tribal tax credits retaliated against an IRS employee after she flagged the company's promotion of the credits, engaging in a defamatory campaign to discredit her and interfering with her employment, she told a D.C. Superior Court.
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October 13, 2026
Expat To Push 11th Circ. For Trial Over $20M FBAR Fines
An expatriate U.S.-German citizen is appealing a Florida federal court's rejection of his attempt to set aside an approximately $20 million judgment against him for failing to file reports of foreign bank accounts, an outcome he said violated his rights to a jury trial.
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October 13, 2026
Nelson Mullins Adds Ex-Berger Singerman Tax And Estate Pro
Nelson Mullins Riley & Scarborough LLP has hired a new partner from Berger Singerman to bolster its international tax, estate planning and private wealth capabilities in Miami.
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October 13, 2026
Micron Says It Lost $9B In Singapore Tax Breaks Under Pillar 2
U.S.-based semiconductor company Micron Technology Inc. lost about $9 billion worth of tax breaks in Singapore due to the country's adoption of a worldwide corporate 15% minimum tax agreement known as Pillar Two, according to the company's securities filing.
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October 09, 2026
DOJ Aims To 'Attack Fraud From All Angles' Via New Division
The U.S. Department of Justice's new fraud division has issued fresh guidance on its prosecution methodology, with the division's head directing prosecutors to seize assets before indictments and pursue upward variances in sentencing guidelines in some cases as part of a stated push to use the division's "full arsenal of criminal statutes" in combating fraud.
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October 09, 2026
Tax-Free Insurance Swaps Keep Tax History, Gov't Atty Says
Issuers of new life insurance policies received through tax-free exchanges under July final regulations retain the obligation to report the policies' tax consequences to the IRS when the death benefits are paid, a U.S. Treasury Department official said Friday.
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October 09, 2026
Mich. Co. Fights IRS' $6.1M Underpayment Assessment
The IRS incorrectly increased a Michigan company's ordinary business income and disallowed its credits for increasing research activities, a company told the U.S. Tax Court on Friday asking the court to find that the agency's proposed adjustments are erroneous.
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October 09, 2026
Taxation With Representation: Osler, Debevoise, Skadden
In this week's Taxation With Representation, Emera and ATCO announce a merger to create a Canadian utility and energy infrastructure powerhouse, French technology giant Schneider Electric buys industrial software provider PTC Inc., and Wittington Investments Ltd. acquires health and beauty retailer Boots.
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October 09, 2026
Gov't Can't Raise New Line In $16M Tax Suit, Founder Says
The government cannot use a postargument letter to introduce a new argument in a dispute with the founder of Buy.com over his nearly $16 million tax bill, he told the Tenth Circuit.
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October 09, 2026
Weekly Internal Revenue Bulletin
The Internal Revenue Service's weekly bulletin, released Friday, included plans to scrap over 70 guidance documents the agency has found to be obsolete or otherwise extraneous.
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October 09, 2026
Ropes & Gray Welcomes Tax Partner In NY From Akin
Ropes & Gray LLP said this week that it added a tax partner from Akin Gump Strauss Hauer & Feld LLP to its New York office.
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October 08, 2026
Trade Court Certifies Broad IEEPA Tariff Refund Class
The U.S. Court of International Trade granted a broad class certification for importers subjected to President Donald Trump's now-invalidated global tariff regime Thursday in a move the judge said he hopes will ensure all such tariffs are refunded.
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October 08, 2026
Ex-Tax Preparer Gets 4 Years For $11M Fraud Scheme
A former New York-based tax preparer was sentenced to four years in prison after she copped to wire fraud and assisting in the preparation of false returns as part of a nearly $11 million tax fraud scheme, federal prosecutors said Thursday.
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October 08, 2026
Man Appeals $10M Tax Bill Over Unreported Company Income
A man is appealing a U.S. Tax Court order that found he owes around $10.4 million in taxes and penalties for failing to report company funds he used for personal expenses such as luxury cars, according to a notice filed Thursday.
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October 08, 2026
7th Circ. Backs Ex-Chicago Atty's Tax Fraud Conviction
The Seventh Circuit affirmed a man's two-and-a-half-year prison sentence for tax fraud, witness tampering and contempt Thursday, rejecting his argument that the government didn't present sufficient evidence to prove that he was guilty of filing false corporate and individual income tax returns.
Expert Analysis
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Choral Singing Makes Me A Better Lawyer
Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.
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Tariff Refunds May Reshape Loan Covenant Calculations
Tariff refunds issued after the U.S. Supreme Court's Learning Resources decision may complicate borrowers' covenant calculations depending on accounting treatment, the timing of recognition, customer reimbursement obligations and credit agreement language, say attorneys at Mayer Brown.
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Power To The Paralegals: Burnout As A Structural Problem
Law firm leadership can best retain their paralegals not by encouraging self-care, but by seeking top-down structural solutions for the quiet proliferation of responsibilities and the vicarious exposure to client trauma that particularly drive burnout in this vital role, says Erika Sneeringer at Brockstedt Mandalas.
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Managing Post-IEEPA Tariff Refunds, Replacements And Risks
Companies and investors reeling from the rapid changes resulting from February's U.S. Supreme Court ruling that the International Emergency Economic Powers Act doesn't authorize tariffs should focus on understanding the duty refund process, the likely replacement tariffs and the operational ways they can minimize their tariff exposure, say attorneys at Debevoise.
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Wire Fraud Ruling May Upend White Collar Enforcement
A Texas federal court’s recent decision in U.S. v. Garza, dismissing wire fraud charges arising from an alleged $1 billion tax shelter scheme, advances a broader constitutional principle that could affect sentencing and reshape charging practices across white collar criminal cases involving specialized statutory regimes, say attorneys at Benesch.
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Economic Questions To Ask Amid Tariff Refund Class Actions
The U.S. Supreme Court's recent holding that the International Emergency Economic Powers Act doesn't authorize the president to impose tariffs has sparked class actions, but determining whether a retailer received a windfall is complex, even if it passed tariff costs into consumer prices before receiving a refund, say economists at Ankura Consulting Group.
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Cow Horse Makes Me A Better Lawyer
Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at least for me, a surprisingly effective training ground for litigation — both demand focus, preparation over rigid planning and the willingness to act despite fear, says Ashley Zitrin at Glenn Agre.
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Checking For AI Errors Is Now A Two-Way Street
A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artificial intelligence not only in your own court submissions, but also your opponent's, as well as when catching opposing counsel's AI mistakes could result in an award for attorney fees, says Tamara Barago at Hollingsworth.
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5 Things Associates Must Ask About Their Firm's Merger Plan
The associates who navigate law firm mergers best ask the right questions early, such as inquiring about partners' plans, to assess how the merger could affect their workflow and career path, says Jackie Bokser-LeFebvre at Major Lindsey.
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2 'Rocket Dockets' And The Rules That Propel Them
The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern District of Florida, and their chief judges provide insights into the court rules that keep them ahead, says Robert Tata at Hunton.
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Key Legal Considerations For Data Center Battery Storage
Battery energy storage systems have become essential infrastructure for data center development — but as trade, energy and tax policies continue to shift, companies operating in this space must understand the importance of supply chain requirements and industry-tailored contracts, says RJ Colwell at Davis Graham.
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Your Next Litigation Hold Should Cover AI Chat Logs
The Delaware Chancery Court’s recent decision in Fortis Advisors v. Krafton to treat a CEO’s artificial intelligence chats as substantive evidence is being read as a discovery warning to litigators, but there is a second duty-to-preserve lesson that is especially pertinent to in-house counsel, say attorneys at Faegre Drinker.
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Cannabis Policy Shift May Reshape Banking, Insolvency Risks
The Trump administration's cannabis rescheduling initiative aims to correct classification that had rendered federal banking, tax administration and insolvency law incoherent, and will begin to restore some alignment between federal law and the economic reality of the marijuana industry, says Richard Ormond at Buchalter.