Federal
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August 21, 2026
11th Circ. Affirms Penalty Over $9M Easement Deduction
The Eleventh Circuit sustained the IRS' valuation penalty against a partnership donor claiming a nearly $9 million charitable deduction on a Georgia conservation easement contribution, upholding a 2023 U.S. Tax Court decision that ruled the donor had grossly misvalued the donated property.
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August 21, 2026
Trump Says He Reached Deal For Tariff-Free Ground Beef
President Donald Trump said Friday he has cut a deal to allow up to 300,000 metric tons of ground beef to be imported into the U.S. without an added tariff in exchange for lower prices for consumers.
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August 21, 2026
Taxation With Representation: Fenwick, Hengeler Mueller
In this week's Taxation With Representation, Santander SA completes its acquisition of U.S. regional lender Webster Financial Corp., financial services company Stripe buys artificial intelligence routing platform OpenRouter and Madison Air Solutions Corp. acquires German airflow technology maker ebm-papst.
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August 21, 2026
Weekly Internal Revenue Bulletin
The Internal Revenue Service's weekly bulletin, released Friday, included its announcement of a plan to propose rules implementing a provision of the Secure 2.0 Act of 2022 allowing lower-income taxpayers to receive up to a $1,000 federal contribution to their retirement savings.
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August 20, 2026
Defunct Tax Startup CEO Barred From Deceiving Investors
A California federal judge prohibited the CEO of a defunct tax compliance startup who was accused by the U.S. Securities and Exchange Commission of swindling $13 million from investors from deceiving anyone or disseminating false information regarding investments in violation of securities laws.
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August 20, 2026
Nintendo Customer Fights To Keep Tariff Refund Suit Alive
A Washington federal court should deny Nintendo's attempt to escape a proposed class action seeking reimbursement of costs that customers paid toward President Donald Trump's since-invalidated global tariff regime now that the company is pursuing refunds, a customer told the court.
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August 20, 2026
Tax Court Affirms Man's Levy For Unpaid Penalties
The U.S. Tax Court affirmed an Internal Revenue Service notice of federal tax lien for a man who failed to pay trust fund recovery penalties.
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August 20, 2026
NC Justices Asked To Limit Bar's Reach Over Former Judges
A former state court judge has asked the North Carolina Supreme Court to review a Court of Appeals' ruling allowing the state bar to discipline ex-jurists, characterizing the decision as an "attack on an independent judiciary" and calling for the justices to resolve a question of statutory authority they left unanswered a decade ago.
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August 20, 2026
Tax Biz Owner Charged In Scheme That May Have Bilked $65M
A federal grand jury charged an Alabama tax preparation business owner with preparing and filing fraudulent returns for clients and himself in a scheme that may have caused the federal government a tax loss of more than $65 million, the U.S. Department of Justice said.
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August 20, 2026
IRS Proposes Eligible Investments For Trump Accounts
Mutual funds or exchange-traced funds that track an equity index of primarily U.S. companies, don't use leverage and have nominal annual fees generally would be considered eligible investments for tax-advantaged brokerage accounts for children under proposed IRS regulations released Thursday.
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August 20, 2026
New Risks For Importers As US Steps Up Tariff Enforcement
Importers and trade lawyers have seen an upswelling of tariff enforcement efforts that is transforming the compliance relationship between businesses and the government since President Donald Trump took office a second time.
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August 19, 2026
TaxAct Settles Conn. Claims Of Info Sharing Via Site Trackers
The Connecticut attorney general announced Wednesday that TaxAct will pay $275,000 to resolve allegations it shared sensitive taxpayer information with Meta and Google via tracking technologies, and will also implement new policies and procedures to track and manage such technologies on its platform.
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August 19, 2026
Tax Court Backs Collections, Penalties Against Atty, Firm
The IRS Independent Office of Appeals didn't abuse its discretion in sustaining tax collection actions against an attorney and the company through which he operates his practice, the U.S. Tax Court said Wednesday.
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August 19, 2026
IRS Creates Conservation Easement Settlement Office
The IRS has formed an office dedicated to resolving disputes over charitable deductions for conservation and historic preservation easements, it announced Wednesday, centralizing expertise to address the hundreds of cases that have long overwhelmed the agency.
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August 19, 2026
US Tax Court Affirms Partnership's Tax Lien
The founder of several companies in the oil and gas industry can't challenge his underlying tax liabilities, and the Internal Revenue Service didn't abuse its discretion by moving for a federal tax lien for unpaid income tax liabilities, the U.S. Tax Court said Wednesday.
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August 19, 2026
IRS Aims To Limit Tax Credits For Authorized Immigrants
Fewer immigrants living in the U.S. legally would have access to refunds from individual tax credits under proposed regulations released Wednesday by the IRS that would link eligibility to welfare requirements rather than just work authorization.
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August 19, 2026
TIGTA Finds Tenants Overlooked In Some Property Seizures
IRS employees generally followed applicable laws when seizing property for unpaid taxes during a span of 2024 to 2025 but sometimes failed to take steps to ensure that a taxpayer's tenants wouldn't be financially harmed, the Treasury Inspector General for Tax Administration said.
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August 19, 2026
Trade Court Judge Mulls Class Cert. For IEEPA Refunds
A U.S. Court of International Trade judge on Wednesday didn't commit to certifying a class of importers who paid tariffs under President Donald Trump's struck-down global regime, though the option seemed to intrigue him.
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August 19, 2026
Treasury Floats Regs For Foreign-Derived Income Deduction
The U.S. Treasury Department proposed regulations Wednesday that would clarify the 2025 federal budget bill's changes to the tax treatment of domestic businesses that sell into foreign markets, including clarifying the types of income that qualify for a deduction.
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August 19, 2026
IRS Urges 2nd Circ. To Adopt Narrow Limited Partner Ruling
The IRS urged the Second Circuit to adopt the Fifth Circuit's narrow interpretation for determining whether a limited partner qualifies for a self-employment tax exemption, arguing that an investment firm's principals in a similar dispute would not qualify under the new standard.
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August 19, 2026
SCOTUSblog Founder Goldstein Seeks Release During Appeal
SCOTUSblog founder Thomas Goldstein on Tuesday asked to be released from federal custody while he appeals his 12 tax and mortgage fraud convictions and a six-year prison sentence, saying he is not a flight risk and it would be a "grave injustice" for him to begin a sentence he believes will eventually get axed.
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August 19, 2026
Trump Delays Canada Tariffs, Says Deal Imminent
President Donald Trump delayed for three days 50% tariffs on select Canadian goods scheduled to take effect Wednesday in an effort to strike a deal with the Canadian government, he said late Tuesday evening.
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August 18, 2026
Are Trump Diamond Tariff Breaks Tied To Gift? Wyden Asks
Sen. Ron Wyden, D-Ore., on Tuesday demanded answers about President Donald Trump granting a tariff exemption for diamonds shortly after being given a gem-coated watch, claiming the circumstances may be tantamount to bribery, while also raising concerns about potential conflicts of interest in a separate duty investigation.
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August 18, 2026
Man Can't Deduct Celebrity Meetup Fees, Tax Court Says
A self-described influencer cannot deduct fees he paid to meet actors, play sports with professional athletes and attend awards shows as marketing expenses for his social media profiles that didn't earn money, placing him on the hook to the IRS, the U.S. Tax Court said Tuesday.
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August 18, 2026
Tax Court's Petition Deadline Isn't Flexible, 1st Circ. Rules
The deadline for filing a petition in the U.S. Tax Court isn't a jurisdictional bar that prevents the court from hearing a Maine company's late-filed challenge of a transferee liability notice for unpaid taxes, but the deadline can't be extended to create fairness, the First Circuit said.
Expert Analysis
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3 Key Takeaways From Planned Rescheduling Of Cannabis
An executive order reviving cannabis rescheduling represents a monumental change for the industry and, while the substance will remain illegal at the federal level, introduces several benefits, including improving state-legal cannabis operators' tax treatment, lowering the industry's legal risk profile, and leaving state-regulated markets largely intact, say attorneys at Dentons.
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OFAC Sanctions Will Intensify Amid Global Tensions In 2026
The Office of Foreign Assets Control will ramp up its targeting of companies in the private equity, venture capital, real estate and legal markets in 2026, in keeping with the aggressive foreign policy approach embraced by the Trump administration in 2025, say attorneys at Holland & Knight.
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5 E-Discovery Predictions For 2026 And Beyond
2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evidence rule changes, and e-discovery professionals will need to understand how to effectively guide the responsible and defensible adoption of emerging tools, while also ensuring effective safeguards, say attorneys at Littler.
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Judges On AI: How Courts Can Boost Access To Justice
Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.
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Examining Privilege In Dual-Purpose Workplace Investigations
The Sixth Circuit's recent holding in FirstEnergy's bribery probe ruling that attorney-client privilege applied to a dual-purpose workplace investigation because its primary purpose was obtaining legal advice highlights the uncertainty companies face as federal circuit courts remain split on the appropriate test, say attorneys at Proskauer.
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Hot Topics For Family Offices In 2026
For family offices, the throughline of 2026 is disciplined readiness, as navigating impact from the One Big Beautiful Bill Act and platform maturation will be necessary to preserve flexibility and enhance client outcomes, say attorneys at Morgan Lewis.
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The Case For Emulating, Not Dividing, The Ninth Circuit
Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.
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How Changes At The IRS Will Affect Tax Controversy In 2026
Taxpayers will need to adjust approaches to dealing with the IRS in 2026, as the agency is likely to shift its audit strategies and increases reliance on technology following the significant reductions in funding and personnel last year, say attorneys at Crowell & Moring.
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5 Tariff And Trade Developments To Watch In 2026
A new trade landscape emerged in 2025, the contours of which will be further defined by developments that will merit close attention this year, including a key ruling from the U.S. Supreme Court and a review of the U.S.-Mexico-Canada Agreement, says Ted Posner at Baker Botts.
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4 Developments That Defined The 2025 Ethics Landscape
The legal profession spent 2025 at the edge of its ethical comfort zone as courts, firms and regulators confronted how fast-moving technologies and new business models collide with long-standing professional duties, signaling that the profession is entering a period of sustained disruption that will continue into 2026, says Hilary Gerzhoy at HWG Law.
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How Fractional GCs Can Manage Risks Of Engagement
As more organizations eliminate their in-house legal departments in favor of outsourcing legal work, fractional general counsel roles offer practitioners an engaging and flexible way to practice at a high level, but they can also present legal, ethical and operational risks that must be proactively managed, say attorneys at Boies Schiller.
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How OECD Tax Update Tackles Mobile Workforce Complexity
The Organization for Economic Cooperation and Development’s recently updated model tax convention — a recalibration of international tax principles in response to an increasingly mobile workforce — should prompt companies to reevaluate cross-border operations, transfer pricing policies and tax controversy strategies, say attorneys at Eversheds.
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A Uniform Federal Rule Would Curb Gen AI Missteps In Court
To address the patchwork of courts’ standing orders on generative artificial intelligence, curbing abuses and relieving the burden on judges, the federal judiciary should consider amending its civil procedure rules to require litigants to certify they’ve reviewed legal filings for accuracy, say attorneys at Shook Hardy.