A Texas property owner told the state Supreme Court on Wednesday that an estate that missed its deadline for completing a property redemption payment, for which it initially underpaid by around $11,000, didn't substantially comply with the state's statute despite what the lower court had found.
Slashing taxes even further after last year’s $1.5 trillion tax cut could help Republicans garner much-needed votes in the upcoming midterm elections, but the introduction of three tax cut bills on Monday — just three months before the end of Congress’ current session — puts the passage of these proposals in jeopardy.
The Massachusetts Department of Revenue adopted emergency regulations Tuesday that explain the tax treatment of corporations that apply for manufacturing corporation classification to account for changes by the federal tax overhaul last year.
Caught in a whirlwind of firm dissolutions and layoffs, thousands of associates were thrust into one of the worst job markets in history a decade ago. While some have rebounded, others are still feeling the lingering effects of the financial crisis on their careers.
Norton Rose Fulbright has fortified its tax practice with the addition of a veteran tax attorney from Steptoe & Johnson LLP, a former Justice Department senior tax litigation counsel who has handled high-stakes disputes and has expertise in the emerging robotics taxation field, the law firm announced.
The former head business officer and CEO of offshore Loyal Bank Ltd. on Tuesday admitted to setting up multiple opaque bank accounts for a purported stock fraudster in order to evade detection by U.S. authorities in violation of the Foreign Account Tax Compliance Act, the first conviction of its kind.
Conservative advocacy group Americans for Prosperity Foundation must turn over its secret donor list to California's attorney general so it can police charitable fraud, a Ninth Circuit panel ruled Tuesday, in a decision that the group says "imperils" its freedom of speech and association.
The ERISA Industry Committee, an organization that represents large benefits plan sponsors, has urged lawmakers to pass a bill that will delay until 2023 the so-called "Cadillac tax," which imposes a 40 percent excise tax on high-cost, employer-sponsored health plans.
PricewaterhouseCoopers LLP urged a California federal judge on Monday not to conditionally certify a proposed class action alleging it discriminates against older job applicants, arguing the applicants’ basis for notifying potential class members of the suit is no more viable than one the judge rejected this summer.
Some U.S. House Republican lawmakers whose districts include large percentages of high earners will likely promote changing the state and local tax deduction cap, which would become permanent under the recently unveiled second round of tax overhaul legislation, a GOP lawmaker told Law360 Tuesday.
The European Parliament Tuesday approved overwhelmingly a proposal that would simplify the way small companies file value-added tax and also ease the administrative burden on those companies working across borders.
An IRS agent violated a suspect’s wife’s Fourth Amendment rights by following her into the bathroom and watching her urinate during an authorized search of her home, a Ninth Circuit panel found Monday, saying the intrusion was too severe and unreasonable to be protected by qualified immunity.
McDermott Will & Emery LLP has announced the former head of Winston & Strawn LLP’s nationwide state and local tax practice group has joined the firm as a partner to build out the firm's tax group in California.
The legal industry has shown some caution in rebuilding its pool of associates after the dramatic layoffs of thousands during the last recession. But have firms done enough to survive the next?
The federal government can extend its lien against the property of the estate of Allen Paulson, the deceased founder of Gulfstream Aerospace Corp. and a race horse owner, to assets of a living trust, a California federal court has ruled.
The state of Oklahoma on Monday asked the U.S. Supreme Court to reject a petition by the Citizen Potawatomi Nation seeking to restore its $27 million arbitration victory for an exemption from state alcohol sales taxes, saying there is no circuit split at stake and that only a limited group of tribes would be affected by the ruling.
Transfer pricing guidance from the Organization for Economic Cooperation and Development on financial transactions should not give countries’ tax collectors room to recharacterize intercompany instruments as debt or equity, according to recent feedback from stakeholders.
Baker Donelson Bearman Caldwell & Berkowitz PC said it had expanded its Jackson, Mississippi, tax practice with the addition of five ex-Copeland Cook Taylor & Bush PA attorneys, including two partners, in a move that makes the firm one of the biggest tax practices in the state.
House Ways and Means Committee Chairman Kevin Brady, R-Texas, released a package of bills Monday that would make permanent many of the tax breaks for individuals enacted in last year's federal tax overhaul, including the 20 percent deduction on pass-through income.
All but one of the parties in a Texas county border dispute that has left Occidental Chemical with millions in ad valorem tax overpayments urged the Texas Supreme Court on Monday to end the decadelong row by ruling that no factual questions remain.
The new federal tax law was expected to change how deals get structured, and four months after its enactment, it is becoming clear how the legislation is having an impact on negotiations and tax planning strategies.
A few weeks ago, the IRS proposed regulations related to the Tax Cuts and Jobs Act's 20 percent deduction on qualified business income for pass-through entities. The guidance offers long-awaited clarity, but is mostly bad news for many law firms, says Evan Morgan of Kaufman Rossin PA.
Judicial impeachment fever seems to be spreading through the states, with West Virginia legislators recently voting to remove their state's entire Supreme Court, and lawmakers in Pennsylvania and North Carolina threatening the same. These actions are a serious threat to judicial independence, says Jan van Zyl Smit of the Bingham Centre for the Rule of Law.
In this time of partisan conflict over judicial selection, a new book by Canadian jurist Robert J. Sharpe — "Good Judgment" — represents a refreshing, deeply thoughtful departure from binary arguments about how and why judges make decisions, says U.S. District Judge Jeremy Fogel, director of the Federal Judicial Center.
The Florida Department of Revenue has been reviewing the impact of the Tax Cuts and Jobs Act on Florida's corporate income taxpayers. Attorneys at Dean Mead Egerton Bloodworth Capouano & Bozarth PA delve into the most pressing issues discussed at last week's public meeting on the nexus of federal and state tax reform.
E-discovery is not easy, but employing these 10 strategies may help minimize future headaches, say Debbie Reynolds and Daryl Gardner of EimerStahl Discovery Solutions LLC.
In this edition of Illinois Tax Talk, Christopher Lutz of Horwood Marcus & Berk Chtd. discusses the state constitutional framework for Illinois' taxing system, including the taxing power of home rule units and the exclusive power of Illinois' General Assembly to raise revenue.
A recently issued IRS private letter ruling underscored an inconsistency under which certain gifts of art may be complete for U.S. gift tax purposes but not for U.S. income tax purposes — and vice versa. A deed of gift should therefore reflect the delicate balance between tax planning considerations and the personal preferences and specific charitable motivations of the donor, say attorneys with Day Pitney LLP.
Newly proposed regulations from the U.S. Department of the Treasury and the IRS provide clarification on the relationship between the federal charitable contribution deduction, the availability of corresponding state or local tax credits and deductions, and the recently enacted SALT cap, say Radha Mohan and Harold Hancock of Brownstein Hyatt Farber Schreck LLP.
A well-drafted partnership agreement protects a law firm's founders, establishes a process for new and outgoing partners, and sets forth guidelines for navigating conflict along the way. Startup firms can begin with something less complex, but there are important elements that every agreement should include, says Russell Shinsky of Anchin Block & Anchin LLP.
Forget about cameras, reporters in the Manafort trial were not even permitted in the courtroom with their phones, tablets or computers. That meant no live reporting on Twitter and no emails to the newsrooms with updates. In a world focused on information and news as it happens, this is unacceptable, says trial attorney David Oscar Markus.