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Tax

  • December 7, 2018

    Taxation With Representation: Kirkland, Cahill, DLA, Brown

    In this week’s Taxation With Representation, Altice Europe NV sells a stake in a fiber-optic connection business for $2 billion, ResMed lands Propeller Health for $225 million, and Nexstar Media Group inks a $6.4 billion deal for Tribune Media Co.

  • December 7, 2018

    Data-Driven Lawyer: Morgan Lewis' J. Kyle Poe

    Morgan Lewis' J. Kyle Poe, a self-proclaimed "elder millennial," created a client management platform to streamline the firm's work in asbestos litigation that is now used across practice areas, making the firm's business more efficient and upping its ability to attract clients through innovative fee arrangements, earning him a spot on our 2018 list of Data-Driven Lawyers.

  • December 7, 2018

    11th Circ. Backs IRS' $28M Win In Tax Shelter Case

    A U.S. Tax Court decision that disallowed almost $28 million in losses by a company, finding the claim lacked economic substance, has been upheld by an Eleventh Circuit panel.

  • December 7, 2018

    IRS Lets Cos. Opt Out Of New Stock Option Deferral Program

    Companies will be able to opt out of a new provision in last year's federal tax overhaul that allows employees to defer income from exercising stock options, the Internal Revenue Service said Friday.

  • December 6, 2018

    Ohio House Passes Bill Exempting Tampons From Sales Tax

    Lawmakers in Ohio have overwhelmingly passed a so-called "pink tax" bill Wednesday, becoming the latest state to move toward exempting tampons and other feminine hygiene products from sales tax.

  • December 6, 2018

    Ex-5Linx CEO To Serve 14 Months For Fraud, Pay $2.4M

    Former 5Linx CEO Craig Jerabeck was sentenced to 14 months in prison and ordered to pay $2.3 million in restitution to investors of the multilevel marketing company who were bilked out of the same amount over a period of six years, the U.S. Department of Justice announced Thursday.

  • December 6, 2018

    Feds Blocked Again From Deposing Israelis In $163M Tax Row

    The government cannot depose two Israeli executives about their company's business with U.S. drugmaker Perrigo in a $163.5 million tax dispute, with a Michigan federal court again ruling Thursday it would be too expensive.

  • December 6, 2018

    Greenberg Adds 2 Ex-Akerman Attys For Taxes, Benefits

    Two former Akerman LLP partners joined Greenberg Traurig LLP on Thursday, with one returning to the firm’s tax practice after more than 20 years away and the other moving to the firm’s employee benefits and compensation practice.

  • December 6, 2018

    Sen. Hatch Open To Extenders In Year-End Spending Bill

    Instead of passing a broad tax package released in the U.S. House of Representatives, it’s possible that Congress will simply include so-called tax extenders in a year-end spending bill, Senate Finance Committee Chairman Orrin Hatch, R-Utah, told reporters Thursday.

  • December 6, 2018

    Tribal Casino Tax Row Judgment Must Be Stayed, SD Says

    South Dakota officials have urged a federal court to hold off on barring the government from taxing purchases by nontribal members at a Sioux tribe's casino, arguing it would be "extremely unlikely" for the state to recover distributed escrow funds if it wins an Eighth Circuit appeal of the lower court's judgment.

  • December 6, 2018

    Pa. Fireworks Tax Constitutional, Appeals Court Says

    Pennsylvania's expansion and increase of taxes on fireworks sales did not violate the state Constitution, a commonwealth appeals court has found while striking portions of a law that regulated temporary structures used to sell fireworks.

  • December 6, 2018

    Data-Driven Lawyer: Ogletree's Evan Moses

    Ogletree's Evan Moses uses unconventional strategies to boost the firepower of his class action practice, including a homegrown Monte Carlo algorithm, earning him a spot on our 2018 list of Data-Driven Lawyers.

  • December 5, 2018

    KPMG Ruling Casts Skeptical Light On Dukes Decision

    A footnote in a recent ruling rejecting class certification in a long-running pay equity suit against accounting giant KPMG posed an intriguing question: Does the U.S. Supreme Court's Wal-Mart v. Dukes decision have a blind spot when it comes to "implicit bias" and pay decisions?

  • December 5, 2018

    AI Helping IRS Detect Tax Crimes With Fewer Resources

    Under the weight of budget cuts and decreasing staff, the Internal Revenue Service may be finding its salve in artificial intelligence technology to detect criminal tax activities more efficiently.

  • December 5, 2018

    Vehicle Co. Owes Tax On 'Sham' Deliveries, Ind. Justices Say

    The Indiana Supreme Court said Wednesday that an in-state recreational vehicle company orchestrated a “sham” scheme to avoid paying state sales tax on vehicles purchased by Michigan residents by turning the keys over to buyers just across Indiana’s border.

  • December 5, 2018

    9th Circ. Asked To Curtail Audit Power Of Tax Software Co.

    An Arizona federal court wrongly gave a tax software company more audit power over a licensee than its contract permits, the licensee told the Ninth Circuit in a recent filing.

  • December 5, 2018

    Pa. Justices Urged To Ax Tax On Broker's Pass-Through Fees

    The Pennsylvania Supreme Court heard arguments in Harrisburg on Wednesday aimed at upending a ruling finding that a York County freight broker was required to pay business privilege tax on payments it took from customers and passed through to carriers.

  • December 5, 2018

    EU States Seek Broad-Based Digital Tax: Estonian Official

    Most European Union countries, particularly smaller ones, favor a sustainable method for taxing all companies’ digital activity over the proposed tech-industry revenue tax that bloc leaders Germany and France have abandoned, a senior Estonian official said at a recent conference.

  • December 5, 2018

    Data-Driven Lawyer: Kilpatrick Townsend's Kate Gaudry

    Kilpatrick Townsend’s Kate Gaudry has used data analytics to supercharge her patent prosecution practice, uncover winning strategies for portfolio management and expose a secretive U.S. Patent and Trademark Office program, earning her a spot on our 2018 list of Data-Driven Lawyers.

  • December 4, 2018

    Calif. Legislator Again Offers Menstrual Product Tax Bill

    The third iteration of a bill that would exempt menstrual health products from California sales and use tax has been introduced by an assemblywoman who has styled herself the “Tampon Queen.”

Expert Analysis

  • 2018 Year-End Estate Planning: Part 3

    Diane Burks

    Due to the potential sunset of applicable tax law provisions, estate planners should minimize the risk of paying current gift taxes while taking advantage of the increased exemption to shift assets from the taxable estate, say Joshua Rubenstein and Diane Burks of Katten Muchin Rosenman LLP.

  • A Comparison Of This Year's Carbon Tax Proposals: Part 1

    Noah Kaufman

    Four carbon pricing policy plans garnered attention in 2018, including the first bipartisan federal carbon tax proposal in eight years. In the first installment of this two-part series assessing the potential impacts on emissions, energy markets and the economy, Noah Kaufman of Columbia University's Center for Global Energy Policy looks at the similarities and differences.

  • 2018 Year-End Estate Planning: Part 2

    Josh Rubenstein

    Joshua Rubenstein and Diane Burks of Katten Muchin Rosenman LLP continue the overview of year-end estate planning by highlighting important 2018 cases and suggesting key planning considerations.

  • Increasing Transparency In The US Tax Court

    Leandra Lederman

    The U.S. Tax Court has made tremendous strides toward increased transparency in recent decades. Implementation of the docket inquiry system and searchable databases are a terrific start, but there's more to do, says Leandra Lederman of Indiana University Maurer School of Law.

  • Insights From 2017-2018 High Court Term And What's Ahead

    Chad Eggspuehler

    Many expect the U.S. Supreme Court's new conservative majority to track rightward, while others wonder if any justices might assert a moderating influence as the new “swing vote.” The court’s recent decisions and upcoming docket provide the best clues about its trajectory, says Chad Eggspuehler of Tucker Ellis LLP.

  • 2018 Year-End Estate Planning: Part 1

    Joshua Rubenstein

    While the permanency of the Tax Cuts and Jobs Act remains uncertain, the current environment provides a great deal of opportunity for new estate planning, say Joshua Rubenstein and Diane Burks of Katten Muchin Rosenman LLP. The first part of this four-part article focuses on key income and transfer tax exemption and rate changes.

  • Series

    Judging A Book: Ginsburg Reviews 'The Curse Of Bigness'

    Judge Douglas Ginsburg

    When reading Tim Wu’s new book, "The Curse of Bigness: Antitrust in the New Gilded Age," lawyers, economists and historians will find its broad brush maddening, and the generalist reader will simply be misled, says D.C. Circuit Judge Douglas Ginsburg.

  • Not Too Late For Small Business Owners To Lower 2018 Taxes

    Steve Moskowitz

    While the best tax plans are usually implemented year-round, small business owners still have time to consider whether taking certain steps will lower their 2018 tax bill, says Steven Moskowitz of Moskowitz LLP.

  • 2nd Circ. Opines On Variable Prepaid Forward Contract Gains

    Lawrence Hill

    Reversing the U.S. Tax Court, the Second Circuit recently found that the late Monster.com founder’s estate potentially owed $41 million in taxes for variable prepaid forward contract extensions and remanded calculation to the Tax Court. Lawrence Hill and Kevin Platt of Winston & Strawn LLP discuss Estate of McKelvey v. Commissioner.

  • State Net

    State Lawmakers Face Familiar Challenges In 2019

    Korey Clark

    Many of the issues that are most likely to draw the attention of state lawmakers next year — including cybersecurity, internet and data privacy, blockchain and cryptocurrencies, sales taxes on remote sellers, transportation and telecommunications infrastructure, and marijuana — are already familiar, says Korey Clark of State Net Capitol Journal.