An Illinois appeals court on Thursday affirmed the judgment of a lower court that found upscale pillow manufacturer My Pillow Inc. had failed to collect taxes on sales made to Illinois customers via internet and phone, but asked the trial court to reduce the amount in attorneys' fees awarded to the whistleblower.
Texas Gov. Greg Abbott has nixed two bills that would have promoted reinvestment in low-income housing in the city of Austin — part of a slate of 50 bills the Republican governor vetoed on Thursday.
A U.S. Tax Court judge sided with the IRS on Thursday in nixing a prominent New York art collector and real estate investor's claim to more than $11 million in deductions from a noncash charitable contribution covering a conservation easement for his historic warehouse in Manhattan.
A panel of appellate judges may have upheld Philadelphia’s controversial new tax on sweetened beverages Wednesday, but experts say the fight over the levy is unlikely to end without the Pennsylvania Supreme Court taking up the case to weigh in on the powers of local government in the state.
A Sixth Circuit panel Wednesday affirmed a lower court decision that eight Kentucky hospitals are not entitled to a larger tax reimbursement for the services they provide to uninsured patients living under the poverty line.
A former banker for Swiss bank Julius Baer and Credit Suisse Group on Thursday admitted in New York federal court to taking part in a money laundering scheme by facilitating bribes to the late president of the Argentinian soccer federation and others, the latest guilty plea in the sprawling FIFA corruption dragnet.
The Florida Supreme Court ruled Thursday that two marinas operated by the city of Fort Pierce are entitled to property tax exemptions because they fall within the scope of traditional municipal functions that have generally been exempt from taxes.
The U.S. House passed a bill to “fix” problems in the version it passed of the American Health Care Act — the bill meant to repeal and replace the Affordable Care Act — adding health care tax credits for veterans who use private services.
A Missouri Court of Appeals panel has revived a natural gas distribution company’s challenge to a $1 million property tax bill, ruling Tuesday that a local court incorrectly found the company needed to exhaust its administrative remedies before suing and that the business undermined its case by paying the levy under protest.
An affiliate of commodities trader Susquehanna International Group LLP has asked the U.S. Tax Court to nix 1960s-era IRS repatriation rules meant to close foreign tax loopholes in its $377 million fight with the agency stemming from a mega-loan from Bank of America brokerage Merrill Lynch.
The U.S. House of Representatives voted Thursday to approve a bill, dependent on enactment of Republicans’ Obamacare alternative, that would extend that measure’s tax credits to those holding on to their employer-sponsored health insurance after termination via COBRA continuation coverage.
The U.S. bankruptcy watchdog on Thursday appointed two committees to represent retirees and unsecured creditors in Puerto Rico’s ongoing restructuring case, while declining to create a committee for unsecured creditors of the Puerto Rico Sales Tax Financing Corp.
Justice Ruth Bader Ginsburg discusses the value of oral arguments, advice for advocates, and the one thing lawyers do that irks her, in the second of two articles based on an exclusive interview.
A Florida couple who sold their interest in a golf business partnership lost their challenge to more than $700,000 in federal tax deficiencies when the U.S. Tax Court ruled on Wednesday that their losses must be treated as capital losses that don’t qualify for a deduction.
A team of five sitting federal judges across several jurisdictions was appointed on Wednesday to help mediate issues arising from Puerto Rico's massive debt restructuring proceedings, with U.S. Bankruptcy Judge Barbara Houser of Texas' Northern District to serve as leader of the group.
The departments of Homeland Security and Treasury took a public step toward rolling back existing federal regulations Wednesday, starting a review of rules to implement President Donald Trump’s executive order that requires two regulations be nixed for each new rule passed.
President Donald Trump’s proposed budget cuts would leave state and local governments scrambling to make up more than $450 billion in 10 years to deliver services that directly assist low- and moderate-income families, the elderly and people with disabilities, according to a think tank report Tuesday.
Three South Florida tax preparers accused of allegedly padding their customers' tax returns with bogus businesses and fake education and fuel credits in order to get them refunds fought back Wednesday against the government's allegations, saying they should be dismissed for lack of specificity.
Hughes Hubbard & Reed LLP has bolstered its trust and estate group by hiring a former Greenberg Traurig PA partner with experience counseling wealthy individuals and families on estate, gift, generation-skipping transfer and income tax matters.
California air regulators and allied environmental groups urged the state Supreme Court on Wednesday to reject challenges to the state's greenhouse gas cap-and-trade program, saying arguments that auction revenues constitute an unauthorized tax are increasingly academic given the program's unique nature and subsequent state tax law changes.
As I sat there listening, incredulous to learn that "Milkshake" was not only a real song but also a chart-topper, it reminded me of Harvard Business School Professor Clayton Christensen’s work on disruptive innovation — and how it pertains to mid-size law firms, says Jill Dessalines, founder of Strategic Advice for Successful Lawyers and former assistant general counsel of McKesson Corp.
The U.S. Supreme Court recently ruled that a New York statute that prohibits identifying a surcharge for credit card users regulates speech and is therefore subject to heightened scrutiny. The impact on how businesses collect or seek reimbursement for the costs of state and local taxes from their customers could be significant, say Eric Tresh and Alla Raykin of Eversheds Sutherland.
A recent IRS memo states that payments made to participants under certain fixed indemnity health plans must be included in employees’ gross income, unless the premiums for such plans are paid on an after-tax basis. However, the memo does not address how employers should administer these taxable fixed indemnity payments, says Matt Gerard, in-house legal counsel at National Benefits Services.
Every lawyer who’s handled a civil case in federal court knows about Rule 30(b)(6), governing deposition procedures. But for many real-world deposition dilemmas, the rule offers little guidance. Last year, an Advisory Committee on Civil Rules subcommittee began considering whether the rule should be amended. Now attorneys must advise the subcommittee how to proceed, says Frank Silvestri Jr. of Verrill Dana LLP.
As we approach the Memorial Day recess, President Trump’s firing of FBI Director James Comey and allegations that the president sought to stop the FBI from investigating former National Security Advisor Michael Flynn’s potential ties to Russia remain at the top of the news cycle and threaten to derail Republican efforts to pursue health care and tax reform, among other priorities, say Richard Hertling and Kaitlyn McClure of Covingt... (continued)
Despite an increase in engagement with client feedback programs over the last 15 years, law firms — and their clients — have a way to go before realizing the maximum benefits such programs can deliver, says Elizabeth Duffy of Acritas US Inc.
Adam Tejeda and Elizabeth Crouse of K&L Gates LLP present a brief overview of effectively connected income and the tension between ECI and foreign investors' goals in making U.S. investments.
Most law firms today aren't using common security and data protection measures that other industries employ to protect sensitive data. Options like continuous data replication and backups have various pros and cons, but most importantly, law practices must understand the need for a two-tiered approach to data protection, says Jeff Ton of Bluelock LLC.
Justice Neil Gorsuch joined the U.S. Supreme Court a little more than 30 days ago, on April 7, 2017. And while it is too early for him to have written any opinions, Gorsuch participated in the final 13 oral arguments of the 2016 term. Charles Webber of Faegre Baker Daniels LLP offers five takeaways from his first month on the job.
The GOP majority is undoubtedly hoping the political storm surrounding FBI Director James Comey's dismissal does not derail its agenda for the 115th Congress, say Richard Hertling and Kaitlyn McClure of Covington & Burling LLP.