Tax

  • May 13, 2026

    Lawmakers Float Allowing Charitable Gifts From 401(k) Plans

    A bipartisan group of federal lawmakers on Wednesday introduced a bill that would allow workers to make tax-free charitable donations directly from their employer-sponsored retirement plans, building on a section of the retirement policy overhaul known as Secure 2.0.

  • May 13, 2026

    Meta Must Share Option Costs Post-Altera, IRS Says

    The Ninth Circuit's 2019 ruling against Altera Corp., which upheld rules requiring companies to share the cost of employee stock options with foreign affiliates, means that Meta's income for 2017-18 should be increased by roughly $3 billion, the IRS told the U.S. Tax Court.

  • May 13, 2026

    Mass. Audit Fight Not Over As AG Is Ripped For Comments

    Massachusetts' auditor said Wednesday that she may file more litigation over her ongoing bid to audit the state legislature, sharply pushing back on statements by the state attorney general that suggested any review would be cabined.

  • May 13, 2026

    DOJ Fraud Division Set To Shake Up White-Collar Enforcement

    President Donald Trump's administration created the U.S. Department of Justice's National Fraud Enforcement Division with a narrow focus on combating government program fraud, but a move to retain federal prosecutors focused on other types of fraud could signal a wider scope with potential ripple effects across white-collar enforcement.

  • May 13, 2026

    Trump 1st-Term Tariff Hikes On China Legal, Feds Tell Justices

    President Donald Trump's first administration was well within its legal authority to increase tariffs on Chinese goods under a law utilized to address unfair trading practices, and the U.S. Supreme Court doesn't need to consider a challenge to those measures, the government told the justices.

  • May 13, 2026

    IRS Offers Easement Deals With 10% Penalty, No Haggling

    Eligible partnerships disputing conservation or historic preservation easement charitable deductions cannot negotiate their tax benefit amounts under the Internal Revenue Service's latest settlement offer, which carries a 10% penalty, the agency announced Wednesday.

  • May 13, 2026

    Suspect Arrested In €18M Electronics VAT Fraud Scheme

    European prosecutors said Wednesday that German authorities arrested one suspect and carried out a series of raids in an investigation into an alleged €18 million ($21 million) value-added tax carousel fraud involving the cross-border sale of small electronics.

  • May 13, 2026

    Hungary Issues Guidance On Global Minimum Tax Return Info

    Hungary issued guidance Wednesday for companies, covering how to file information returns for the 15% global minimum tax.

  • May 12, 2026

    SCOTUSblog Founder Can't Delay Tax Fraud Sentencing

    A Maryland federal judge has rejected SCOTUSblog founder Thomas Goldstein's request to push back sentencing for his tax evasion conviction, finding that Goldstein "has not shown good cause to continue sentencing."

  • May 12, 2026

    Judge Won't Toss Boston Property Tax Retaliation Claims

    Boston must face a proposed class action accusing the city of inflating the valuations of some properties after owners appealed their tax bills, a state court judge has ruled.

  • May 12, 2026

    Mass. AG OKs Auditor Lawsuit, Ending Constitutional Spat

    The Massachusetts attorney general said on Tuesday she will allow litigation to proceed over whether the state legislature can be audited and will appoint special counsel to represent the state auditor, ending a high-profile showdown between two high-ranking elected officials.

  • May 12, 2026

    9th Circ. Orders New Tax Fraud Trial Over Juror's Racial Bias

    An Idaho federal court wrongly denied a man of Mexican descent a new trial after discovering a juror had made racially biased comments about people of Mexican ethnicity during deliberations on whether to convict him of preparing false tax returns, a split Ninth Circuit panel said Tuesday.

  • May 12, 2026

    New Precedent Revives $6.6M IRS Penalty Fight, Broker Says

    An insurance broker asked a Pennsylvania federal court to consider new constitutionality arguments against the IRS penalty prepayment requirement to revive its challenge to $6.6 million in captive insurance tax penalties, arguing those claims rely on new legal precedent.

  • May 12, 2026

    Over 8 Million Imports In Line For Over $35B In Tariff Refunds

    Over 8.3 million imports are pending tariff refunds after clearing the final system processes developed by Customs and Border Protection, accounting for almost $35.5 billion in duty refunds with interest, according to the latest declaration filed Tuesday by an agency official in the U.S. Court of International Trade.

  • May 12, 2026

    Shell Wins Australia Tax Fight Over $71.6M In Added Taxes

    The Australian Taxation Office wrongly assessed AU$98.9 million ($71.6 million) in additional taxes to a Shell plc subsidiary by denying its entitlement to add a premium to its cost basis for a deemed acquisition of shares, the Federal Court of Australia said.

  • May 12, 2026

    Australia Aims to Curb Property Loss Tax Deductions

    The Australian government plans to implement measures aimed at limiting tax deductions in situations where interest expenses tied to rental properties exceed related income, which will raise 3.6 billion Australian dollars ($2.6 billion) over five years, according to a budget released Tuesday.

  • May 12, 2026

    Farmers Can't Challenge UK Inheritance Tax Relief Cut Plans

    Two Cambridgeshire farmers and a campaign group can't challenge the U.K. government's plans to slash inheritance tax relief for farms on the grounds that there should have been a public consultation before the proposals were announced, a London court ruled Tuesday.

  • May 11, 2026

    Ex-Spouse Facing Arrest For Ghosting $2.9M Tax Refund Suit

    The ex-husband of a woman seeking a $2.9 million tax refund for carryback losses she shared with him is facing a possible arrest warrant and other penalties for repeatedly failing to comply with federal district court orders, a Texas judge said Monday.

  • May 11, 2026

    Minn. Justices Challenge County On Hilton Valuation Appeal

    Minnesota's justices quizzed counsel for Hennepin County on Monday on whether its arguments for its preferred method for valuing a Hilton-branded Minneapolis hotel and convention center could be enough to overturn a state tax court decision that adopted the owner's approach.

  • May 11, 2026

    Georgia To Cut Income Tax Rate To 4.99%

    Georgia will lower its income tax rate, increase standard deductions and provide temporary exclusions for tax on some overtime pay and cash tips under legislation signed Monday by Republican Gov. Brian Kemp.

  • May 11, 2026

    Amgen Late To Raise Double-Taxation Claim, Tax Court Told

    Biotechnology giant Amgen is making a "futile" attempt to raise a purported double-taxation issue for tax years 2016 through 2018 in a pair of transfer pricing cases before the U.S. Tax Court, the federal government said, arguing the disputed years fall outside the court's jurisdiction.

  • May 11, 2026

    NC Justices Asked To Clarify Leandro School Funding Opinion

    The school boards of several low-wealth North Carolina counties are asking the state Supreme Court to elucidate a recent ruling that invalidated nine years of developments in the public school funding case known as Leandro, contending the opinion suggests the court usurped power in its jurisdictional conclusions.

  • May 11, 2026

    Australia Preparing Decisions On Capital Gains Tax Issues

    Australia is preparing determinations and guidance on five issues related to capital gains taxation, including when anti-avoidance laws may be applied to multiple deferrals of liabilities and how the tax applies when a cryptocurrency is pegged to another cryptocurrency, the Australian Taxation Office said Monday.

  • May 11, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court this past week handled a varied mix of settlement approvals, political office disputes, transaction fights, emergency injunction bids and questions over how far the court can go to preserve records for litigation outside Delaware.

  • May 08, 2026

    Conn. High Court Snapshot: Taxes, Foreclosure Top May Term

    The Connecticut Supreme Court's final term of 2025-2026 is only one week long, but the justices will decide whether one of their own 2022 opinions silently overruled an earlier opinion relied upon by a trial judge to order the foreclosure of a $35 million high-rise Hartford apartment complex.

Expert Analysis

  • Series

    Hiking Makes Me A Better Lawyer

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    On the trail, I have thought often about the parallels between hiking and high-stakes patent litigation, and why strategizing, preparation, perseverance and joy are important skills for success in both endeavors, says Barbara Fiacco at Foley Hoag.

  • Opportunity Zone Overhaul Is Good News For Investors

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    Recently enacted reforms making the qualified opportunity zone program permanent, restoring the basis step-up for capital gains and adding flexibility to the zone designation process enhance the program’s appeal for long-term investment, says Steven Hadjilogiou at McDermott.

  • What US-India Trade Deal Will Mean For Indian Pharma

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    Complicated by newly imposed tariffs from the U.S., the outcome of the U.S.-India trade talks is poised to reshape not just trade policy, but also the strategic alignment of the two countries' pharmaceutical ecosystems, says Jashaswi Ghosh at Holon Law Partners.

  • White House Report Strikes An Optimistic Note On Crypto

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    Taking seriously President Donald Trump's pledge to adopt a pro-innovation mindset toward digital assets and blockchain technologies, a recent benchmark White House report on crypto provides a comprehensive regulatory framework that takes into account the products' novel characteristics within the high-tech ecosystem, say attorneys at Davis Wright.

  • Series

    Law School's Missed Lessons: Negotiation Skills

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    I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, where I've discovered that the process is less about tricks or tactics, and more about clarity, preparation and communication, says Grant Schrantz at Haug Barron.

  • Taxpayers Face Tough Choices Under NJ's New Nexus Rules

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    Though New Jersey’s new rules expanding the commercial nexus that triggers state taxation are likely to be challenged, businesses still need to carefully consider whether it’s best to minimize potential tax by reducing online customer support services or maintain their current instate services and begin paying tax, say attorneys at Husch Blackwell.

  • Bipartisan Bill Could Aid ESOP Formation, Valuation Clarity

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    The proposed Retire through Ownership Act represents a meaningful first step toward clarifying whether transactions qualify under the adequate consideration exemption in the Employee Retirement Income Security Act, potentially eliminating the litigation risk that has chilled employee stock ownership plan formation, say attorneys at Moore & Van Allen.

  • Opinion

    Bar Exam Reform Must Expand Beyond A Single Updated Test

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    Recently released information about the National Conference of Bar Examiners’ new NextGen Uniform Bar Exam highlights why a single test is not ideal for measuring newly licensed lawyers’ competency, demonstrating the need for collaborative development, implementation and reform processes, says Gregory Bordelon at Suffolk University.

  • A Simple Way Courts Can Help Attys Avoid AI Hallucinations

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    As attorneys increasingly rely on generative artificial intelligence for legal research, courts should consider expanding online quality control programs to flag potential hallucinations — permitting counsel to correct mistakes and sparing judges the burden of imposing sanctions, say attorneys at Lankler Siffert & Wohl and Connors.

  • New NY Residential Real Estate Rules May Be Overbroad

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    New legislation imposing a 90-day-waiting period and tax deduction restrictions on certain New York real estate investors may have broad effects and unintended consequences, creating impediments for a wide range of corporate and other transactions, says Libin Zhang at Fried Frank.

  • Series

    Creating Botanical Art Makes Me A Better Lawyer

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    Pressing and framing plants that I grow has shown me that pursuing an endeavor that brings you joy can lead to surprising benefits for a legal career, including mental clarity, perspective and even a bit of humility, says Douglas Selph at Morris Manning.

  • Supreme Court's Criminal Law Decisions: The Term In Review

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    Though the U.S. Supreme Court’s criminal law decisions in its recently concluded term proved underwhelming by many measures, their opinions revealed trends in how the justices approach criminal cases and offered reminders for practitioners, says Kenneth Notter at MoloLamken.

  • Opinion

    Budget Act's Deduction Limit Penalizes Losing Gamblers

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    A provision in the One Big Beautiful Bill Act that reduces the deduction for gambling losses is unfair to professional and recreational players, risks driving online activity to offshore sites, and will set back efforts to legalize and regulate the industry, says Walter Bourdaghs at Kang Haggerty.

  • Opinion

    The Legal Education Status Quo Is No Longer Tenable

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    As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.

  • 6 Questions We Should Ask About The Trump Trade Deals

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    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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