Federal
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July 22, 2026
Bipartisan Bill Would Tax And Regulate Hemp THC Products
Members of Congress on Wednesday unveiled a bipartisan bill to legalize, regulate and tax the manufacture and sale of hemp-derived cannabinoid products, while a federal ban on virtually all consumable hemp products is still due to take effect in less than four months.
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July 22, 2026
Dem. Lawmakers Aim To Curb Retirement Account Tax Abuse
Congress would impose limits on taxpayers with tax-preferred retirement account balances that exceed $10 million, under legislation announced by the top Democratic tax writers in the Senate and House on Wednesday.
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July 22, 2026
Ga. Partnership Disputes Denial Of $6M Easement Deduction
The Internal Revenue Service improperly denied a Georgia partnership a $6 million charitable contribution deduction it claimed for the donation of a conservation easement, the partnership told the U.S. Tax Court, disputing the agency's assertion of an income tax underpayment and penalties.
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July 22, 2026
Senate Dems Seek Probe Of Possible IRS Audit Interference
Senate Democrats called for an investigation into whether officials in President Donald Trump's administration are violating federal laws that bar political influence over federal tax audits, citing news media reports that a top Treasury Department tax official was pushed out after flagging potential violations.
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July 22, 2026
Trump's Expiring Global Tariff Is Valid, US Tells Fed. Circ.
President Donald Trump's temporary global tariff is lawfully authorized under a statute allowing the executive branch to address serious balance-of-payment deficits, a term that can easily be construed to include the economic conditions referenced in the implementing order, the government told the Federal Circuit.
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July 22, 2026
DOL Asset Manager Exemption Proposal Sent To White House
The U.S. Department of Labor's employee benefits subagency transmitted a proposal affecting a popular exemption to strict prohibitions on many types of transactions involving federally regulated benefit plans to a White House office for review, teeing up the regulation for release.
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July 22, 2026
US Expatriations In Q2 Up 68.5% From Last Year, IRS Says
The number of people who lost or renounced their U.S. citizenship totaled nearly 1,800 in the second quarter of 2026 as logged by the U.S. Treasury Department, up 68.5% year-over-year and 21.8% from the previous quarter, the IRS said Wednesday.
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July 22, 2026
DOL Proposes E-Delivery Rule For Employer Health Plans
The U.S. Department of Labor's employee benefits arm unveiled a proposal Wednesday that would provide more opportunities for electronic delivery of employer-provided health plans' mandatory disclosures.
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July 21, 2026
Arbitration Valid In Tax Privacy Suit, H&R Block Tells 9th Circ.
A California federal judge wrongly denied H&R Block's bid to make two filers arbitrate allegations that it unlawfully shared private data with Meta and Google, the tax preparation company told the Ninth Circuit, disputing the district court's finding that an underlying arbitration agreement is too unfair.
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July 21, 2026
IRS Lacks Expert Testimony In Easement Fight, Donor Says
The Internal Revenue Service is trying to disallow a partnership donor's $19.1 million charitable deduction for a Georgia conservation easement with limited expert testimony, the partnership told the U.S. Tax Court, arguing that approach violates the rules governing valuation cases.
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July 21, 2026
Arbitrator Orders IRS To Restore Telework, Remote Work
The IRS violated the National Treasury Employees Union's collective bargaining agreement and committed unfair labor practices when it required employees to return to work in person last year, an arbitrator said, ordering the agency to restore telework and remote work arrangements to levels allowed before March 2025.
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July 21, 2026
IRS Issues 2027 Table For Premium Tax Credit Calculations
The Internal Revenue Service published the table used for calculating the health insurance premium tax credit for 2027 on Tuesday.
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July 21, 2026
Amgen To Pay $74M To End Investor Suit Over $10.7B Tax Bill
Pharmaceutical giant Amgen has agreed to pay $74 million to resolve an investor class action alleging it hid a $10.7 billion tax bill from shareholders, according to an agreement filed in New York federal court.
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July 21, 2026
AI Could Raise US Tax Take $216B By 2030, Report Says
Rapid adoption of artificial intelligence could grow U.S. federal tax revenues by up to $216 billion in 2030, yet that figure would be twice as large if income gains weren't skewed toward capital instead of labor, the Yale Budget Lab said.
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July 21, 2026
Nintendo Seeks Game Over For Tariff Refund Class Suit
A proposed class action looking to force Nintendo to reimburse customers for increased costs that were explicitly tied to President Donald Trump's now struck-down tariff regime should be handled in arbitration or tossed entirely, the company told a Seattle federal court.
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July 21, 2026
Budget Bill's FDII Tax Changes Head To OMB Review
The Office of Management and Budget is reviewing the U.S. Treasury Department's proposed regulations for the 2025 federal budget bill's changes to the tax treatment of domestically held intellectual property, including an anti-abuse rule for related-party transactions.
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July 20, 2026
Trump Unveils 50% Canada Tariffs Over 'Trade Discrimination'
President Donald Trump Monday unveiled plans for 50% tariffs on a slew of Canadian products, including alcoholic beverages, dairy products and motor vehicles, pointing to "discriminatory treatment of U.S. commerce" and a provision of the Tariff Act that has seldom been used.
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July 20, 2026
DOJ Hints Russian Court Ruling May Not Stop $5B Award
The Trump administration on Monday urged the D.C. Circuit to closely evaluate a Russian court's determination that an underlying arbitration agreement is invalid as it weighs whether to enforce a nearly $5 billion arbitral award against the Kremlin, saying circumstances surrounding the ruling should be a factor.
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July 20, 2026
Taxpayer's Expert Not Qualified To Determine Life Expectancy
A taxpayer's expert wasn't qualified to determine a man's life expectancy for purposes of valuing gifts made to him by his children, the U.S. Tax Court held Monday.
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July 20, 2026
Energy Cash-Grant Case Casts Light On Investment Tax Credit
The U.S. Court of Federal Claims' long-awaited decision on a California wind farm's valuation for a now-defunct cash grant program offers insight into an issue on which the IRS has issued little guidance: how to value clean energy projects financed by the investment tax credit.
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July 20, 2026
DOJ Says $1.8B Fund Is Dead, Urges Court To Toss Suit
A Virginia federal judge should dismiss a suit challenging the U.S. Department of Justice's $1.8 billion settlement fund that was to be included in a deal to close President Donald Trump's tax leak suit, the federal government said, arguing the case is moot.
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July 20, 2026
Microsoft Hit With Tariff Refund Suit By Xbox Buyer
Microsoft Corp. stands to make an "unjustified windfall profit" through refunds of President Donald Trump's now-invalidated global tariff regime, according to a proposed consumer class action removed to Washington federal court Friday.
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July 20, 2026
Water Transfer Co. Seeks $351K In Worker Credit Refunds
The Internal Revenue Service owes a water transfer services company nearly $351,000 in employee retention tax credit refunds, the business told a Pennsylvania federal court, saying the agency improperly retained the overpayments to offset a supposed civil penalty against the company.
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July 20, 2026
Wis. Village Can't Void Tribal Land Trust Order, 7th Circ. Told
The U.S. Department of the Interior is asking the Seventh Circuit to reject a Wisconsin village's appeal that seeks to undo the agency's decision to place 500 acres into trust for the Oneida Nation, arguing that the municipality can't overcome Congress' power to regulate Indian affairs.
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July 20, 2026
House Dems Bill Would Provide Second IRS Funding Boost
The Internal Revenue Service would receive an $83 billion funding boost for enforcement efforts, technology modernization, taxpayer services improvements and business system enhancements under legislation backed by nearly 40 House Democrats on Monday.
Expert Analysis
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6 Questions We Should Ask About The Trump Trade Deals
Whenever the text becomes available, certain questions will help determine whether the Trump administration’s trade deals with U.S. trading partners have been crafted to form durable economic relationships, or ephemeral ties likely to break upon interpretive disagreement or a change in political will, says Ted Posner at Baker Botts.
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E-Discovery Quarterly: Rulings On Relevance Redactions
In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.
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Section 1983 Has Promise After End Of Nationwide Injunctions
After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.
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Playing Soccer Makes Me A Better Lawyer
Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.
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Lessons On Parallel Settlements From Vanguard Class Action
A Pennsylvania federal judge’s unexpected denial of a proposed $40 million settlement of an investor class action against Vanguard highlights key factors parties should consider when settlement involves both regulators and civil plaintiffs, say attorneys at Ropes & Gray.
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Adapting To Private Practice: From ATF Director To BigLaw
As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler.
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Mulling Worker Reclassification In Light Of No Tax On OT
The One Big Beautiful Bill Act's no-tax-on-overtime provisions provide tax relief for employees who regularly work overtime and are nonexempt from the Fair Labor Standards Act, but reclassifying employees may lead to higher compliance costs and increased wage and hour litigation for employers, says Steve Bronars at Edgeworth Economics.
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Clean Energy Tax Changes Cut Timelines, Add Red Tape
With its dramatic changes to energy tax credits, the One Big Beautiful Bill Act will reshape project financing and investment planning — and wind and solar developers, especially those in the early stages of projects, face stricter timelines and heightened compliance challenges, says Dan Ruth at Balch & Bingham.
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Playing Baseball Makes Me A Better Lawyer
Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie.
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Reform Partly Modernizes Small Biz Stock Gains Exclusion
Changes to the Internal Revenue Code in the One Big Beautiful Bill Act update the qualified small business stock gains exclusion to reflect inflation, but the regime would be more in line with current business realities if Congress had also made the exemption available to additional business structures, says Mark Parthemer at Glenmede.
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How Real Estate Funds Can Leverage Del. Statutory Trusts
Over the last two years, traditional real estate fund sponsors have begun to more frequently adopt Delaware Statutory Trust programs, which can help diversify capital-raising strategies and access to new sources of capital, among other benefits, say attorneys at Polsinelli.
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DOJ Crypto Enforcement Is Shifting To Target Willfulness
Three pending criminal prosecutions could be an indication of how the U.S. Department of Justice's recent digital assets memo is shaping enforcement of the area, and show a growing focus on executives who knowingly allow their platforms to be used for criminal conduct involving sanctions offenses, say attorneys at Gibson Dunn.
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4 Former Justices Would Likely Frown On Litigation Funding
As courts increasingly confront cases involving hidden litigation finance contracts, the jurisprudence of four former U.S. Supreme Court justices establishes a constitutional framework that risks erosion by undisclosed financial interests, says Roland Eisenhuth at the American Property Casualty Insurance Association.