Tax

  • March 12, 2024

    Sheppard Mullin Adds Ex-Latham & Watkins Atty In Chicago

    Sheppard Mullin Richter & Hampton LLP has hired as a partner in its Chicago office an attorney who formerly worked for accounting firm KPMG and also spent 18 years at Latham & Watkins LLP.

  • March 11, 2024

    'I Made A Huge Mistake,' Software Exec Says In Tax Fraud Trial

    Two former software executives in North Carolina took the stand Monday in the government's tax fraud trial against them, where they portrayed a company in extreme distress as hundreds of thousands of dollars in employment taxes went unpaid and their personal lives crumbled.

  • March 11, 2024

    Electronics Co. Disputes $187M Income Tax Bill From IRS

    The Internal Revenue Service erroneously increased the income tax liability of an audio electronics company by $187 million, the business argued in a U.S. Tax Court petition.

  • March 11, 2024

    US Appeals Corporate Transparency Act Ruling To 11th Circ.

    The U.S. Department of the Treasury is moving quickly to appeal an Alabama federal judge's ruling that the Corporate Transparency Act is unconstitutional, filing a notice of appeal to the Eleventh Circuit on Monday.

  • March 11, 2024

    DC Circ. Mulls Tax-Exempt Status For Ayahuasca Church

    A D.C. Circuit panel on Monday pushed counsel for an Iowa church that uses the psychedelic substance ayahuasca in its ceremonies to explain why the Internal Revenue Service erred in denying it tax-exempt status.

  • March 11, 2024

    Trump Wants NY Trial Paused As Justices Weigh Immunity

    Donald Trump asked a New York judge to pause his hush-money case to await a U.S. Supreme Court ruling in a separate case on whether he is shielded from criminal charges by presidential immunity.

  • March 11, 2024

    Bracewell Adds Tax Pro In Dallas From Winston & Strawn

    Bracewell LLP has strengthened its tax department in Dallas with the addition of a lawyer with more than three decades of experience who came aboard from Winston & Strawn LLP.

  • March 11, 2024

    Mich. Justices Tell Panel To Revisit 'Robotic' Tax Ruling

    A Michigan appellate panel must reconsider its decision to uphold the denial of a man's principal-residence tax exemption under the Michigan Supreme Court's order to gather more information about the evidence the tax tribunal considered, revisiting a decision one appellate judge labeled "robotic acceptance" of the government's evidence.

  • March 11, 2024

    Fla. Voters To Decide On Homestead Exemption Increase

    Florida will have voters decide on a November ballot measure whether to create a constitutional amendment to index the homestead exemption to inflation under a joint resolution passed by state lawmakers.

  • March 11, 2024

    Fla. Tax Law Firm Fights Class Cert. In Wisconsin Fraud Row

    A Florida-based tax law firm has asked a Wisconsin federal judge to trim a proposed class action fraud suit launched by former customers claiming the firm solicited fees without performing work.

  • March 08, 2024

    IRS Leaker Should Be Deposed Without All Docs, Judge Says

    Attorneys for a hedge fund executive should question the former IRS contractor who admitted to stealing the tax returns of him and others, even though the IRS hasn't finished producing evidence in the case seeking to hold the agency responsible for the leak, a Florida federal judge said Friday.

  • March 08, 2024

    Hunter Biden's Trump Conspiracy Theory Baseless, US Says

    Hunter Biden's claim that former President Donald Trump is improperly driving his criminal prosecution on nine counts of tax violations is nothing more than a baseless conspiracy theory, the U.S. government told a California federal court Friday, arguing against Biden's efforts to get the case tossed.

  • March 08, 2024

    Debt-Stricken Homeowners Fight Back After High Court Ruling

    Ten months after a landmark U.S. Supreme Court decision finding a Minnesota county wrongly held onto excess proceeds it reaped after seizing a woman’s condominium and selling it to settle a tax debt, states are scrambling to reexamine their laws as financially distressed homeowners file new suits challenging the practice.

  • March 08, 2024

    Judge Questions A La Carte Approach To Juice Tax Refunds

    Kroger and Safeway argued Friday that a plaintiff who accused them of illegally charging sales tax on juice could only seek refunds from a state agency, prompting a Washington appeals judge to ask whether customers would have to recoup payments "one juice box at a time."

  • March 08, 2024

    Colombia Issues Guidance On Wealth, Environment Taxes

    Colombia's new wealth tax and adjustments to environmentally focused taxes passed in a wide-ranging 2022 bill were among the subjects of guidance published by the country's tax agency.

  • March 08, 2024

    Ore. Tax Court Rejects Claim Of Bad Property Conditions

    A homeowner who claimed his property was plagued by degradation and other negative conditions did not put forward enough evidence to lower a local assessor's valuation, the Oregon Tax Court said.

  • March 08, 2024

    NY AG And Judge In Trump Case Receive Death Threats

    New York Attorney General Letitia James and the judge who oversaw her civil fraud case against former President Donald Trump each received death threats inside powder-laced envelopes that triggered a massive security response late last month, according to police and court officials. 

  • March 08, 2024

    BakerHostetler Hires Tax Partner From Moses & Singer

    BakerHostetler has added a partner from Moses & Singer LLP to its tax practice group and private wealth planning team.

  • March 08, 2024

    Colo. Panel OKs Tax Credits For Sales To Beginning Farmers

    Colorado would temporarily allow tax credits for certain transfers of agricultural land and equipment to assist beginning and socially disadvantaged farmers under a bill approved by a legislative panel.

  • March 08, 2024

    Taxation With Representation: Fried Frank, Latham

    In this week's Taxation with Representation, Viavi acquires Spirent, Cadence Design Systems purchases Beta Cae Systems International, and United Rentals buys Yak.

  • March 08, 2024

    Direct Pay Regs Would Lift Major Barrier For Energy Projects

    A U.S. Treasury Department proposal to give partnerships access to direct payments of tax credits for green energy projects would lift a significant barrier that has prevented tribes, municipalities, schools and nonprofits from capitalizing on joint ownership arrangements. 

  • March 07, 2024

    Southern Peaks Awarded $42.5M Over Peruvian Copper Deal

    Peruvian copper producer Southern Peaks Mining LP said it has won a multi-million-dollar arbitral award favoring its management subsidiary due to breaches of a sale and purchase agreement with Singaporean commodity trading company Trafigura Beheer BV over the acquisition of a mine.

  • March 07, 2024

    Mich. Income Tax Cut Was Temporary, Appeals Court Rules

    A cut to Michigan's income tax rate in 2023 was only in effect for one year, a Michigan appeals court said Thursday, rejecting the position of state lawmakers and business groups that wanted the reduced rate to become the new default. 

  • March 07, 2024

    Hawaii Senate OKs Cannabis Legalization Bill

    The Hawaii Senate has approved a bill to legalize marijuana for adult nonmedical use and tax and regulate its sale, sending the proposal to the state House of Representatives for review.

  • March 07, 2024

    Indian Gov't Eyes Linking Carbon Tax On Coal To Quality

    The Indian government should consider linking its carbon tax on coal to quality and price rather than weight because the current system gives an advantage to imported coal over domestic coal, the country's Ministry of Coal said Thursday.

Expert Analysis

  • Perspectives

    More States Should Join Effort To Close Legal Services Gap

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    Colorado is the most recent state to allow other types of legal providers, not just attorneys, to offer specific services in certain circumstances — and more states should rethink the century-old assumptions that shape our current regulatory rules, say Natalie Anne Knowlton and Janet Drobinske at the University of Denver.

  • Identifying Trends And Tips In Litigation Financing Disclosure

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    Growing interest and controversy in litigation financing raise several salient concerns, but exploring recent compelled disclosure trends from courts around the country can help practitioners further their clients' interests, say Sean Callagy and Samuel Sokolsky at Arnold & Porter.

  • Opinion

    OFAC Designation Prosecutions Are Constitutionally Suspect

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    Criminal prosecutions based on the Office of Foreign Assets Control’s sanctions-related listing decisions — made with nearly unfettered discretion through an opaque process — present several constitutional issues, so it is imperative that courts recognize additional rights of review, say Solomon Shinerock and Annika Conrad at Lewis Baach.

  • The NIL Legislation Race: CAPCA And The PASS Act

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    Christina Stylianou and Gregg Clifton at Lewis Brisbois compare the College Athletes Protection and Compensation Act and the Protecting Athletes, Schools, and Sports Act — two of the latest bills introduced to federally regulate publicity rights for the name, image and likeness of college student-athletes.

  • What's Notable In Connecticut's New Cannabis Laws

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    The Connecticut Legislature recently passed four bills containing cannabis provisions — ranging from applicable tax credits to labor agreement requirements — that may prove to be a mixed bag for state operators, say Sarah Westby and Deanna McWeeney at Shipman & Goodwin.

  • Series

    The Pop Culture Docket: Judge Elrod On 'Jury Duty'

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    Though the mockumentary series “Jury Duty” features purposely outrageous characters, it offers a solemn lesson about the simple but brilliant design of the right to trial by jury, with an unwitting protagonist who even John Adams may have welcomed as an impartial foreperson, says Fifth Circuit Judge Jennifer Elrod.

  • NJ Justices Clarify Bribery Law Scope, But Questions Remain

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    The New Jersey Supreme Court’s recent State v. O'Donnell decision clarified that the state’s bribery law unambiguously applies to candidates for public office, but there are still unresolved questions about how the ruling may affect lobbyists, undeclared candidates and political speech, says Scott Coffina at Pietragallo Gordon.

  • 4 Business-Building Strategies For Introvert Attorneys

    Excerpt from Practical Guidance
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    Introverted lawyers can build client bases to rival their extroverted peers’ by adapting time-tested strategies for business development that can work for any personality — such as claiming a niche, networking for maximum impact, drawing on existing contacts and more, says Ronald Levine at Herrick Feinstein.

  • Opinion

    3 Ways Justices' Disclosure Defenses Miss The Ethical Point

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    The rule-bound interpretation of financial disclosures preferred by U.S. Supreme Court Justices Samuel Alito and Clarence Thomas — demonstrated in their respective statements defending their failure to disclose gifts from billionaires — show that they do not understand the ethical aspects of the public's concern, says Jim Moliterno at the Washington and Lee University School of Law.

  • Parsing Tax Implications Of NYC Office Leasing Transactions

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    Though New York City's tax laws generally do not require negotiated contractual risk allocation in the case of sublease and early lease termination transactions, it is still helpful for counsel to both landlords and tenants to understand the laws' nuances, say attorneys at Lowenstein Sandler.

  • IRS Foreign Tax Credit Pause Is Welcome Course Correction

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    A recent IRS notice temporarily suspending application of 2022 foreign tax credit regulations provides wanted relief for the many U.S. multinational companies and other taxpayers that otherwise face the risk of significant double taxation in their international operations, say attorneys at Mayer Brown.

  • Caregiver Flexibility Is Crucial For Atty Engagement, Retention

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    As the battle for top talent continues post-pandemic, many firms are attempting to attract employees with progressive hybrid working environments — and supporting caregivers before, during and after an extended leave is a critically important way to retain top talent, says Manar Morales at The Diversity & Flexibility Alliance.

  • Opinion

    3 Principles Should Guide MTC's Digital Products Tax Work

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    As the Multistate Tax Commission's project to harmonize sales tax on digital products moves forward, three key principles will help the commission's work group arrive at unambiguous definitions and help states avoid unintended costs, say Charles Kearns and Jeffrey Friedman at Eversheds Sutherland.

  • OECD Treatment Of Purchased Ga. Film Credits Isn't Peachy

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    Producers considering Georgia as a prospective location for filming may already be concerned that the Organization for Economic Cooperation and Development's July decision will hamper the eventual 2026 or later sale of their Georgia film tax credits, says Alan Lederman at Gunster.

  • If Justices End Chevron Deference, Auer Could Be Next Target

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    If the U.S. Supreme Court decides next term to overrule its Chevron v. NRDC decision, it may open the door for a similar review of the Auer deference — the principle that a government agency can interpret, through application, ambiguous agency regulations, says Sohan Dasgupta at Taft Stettinius.

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