Iowa Gov. Terry Branstad on Wednesday signed legislation that extends the state’s biodiesel producer tax incentive and promotes the development of bio-butanol and bio-butanol blended gasoline.
Bombardier Aerospace Corp. on Tuesday fended off an argument that it owes the federal government nearly $20 million, telling a Texas federal court the government instead owes it $32 million in excise tax refunds and other deals.
With federal courts in Pennsylvania and Oregon becoming the latest to strike down state gay marriage bans, attorneys say the decisions should prompt employers to review their bereavement, anti-discrimination and other employment policies to account for same-sex spouses.
Butler Snow has bolstered its tax, estate planning and software licensing practices with the addition of former Adams and Reese LLP counsel Joseph B. Walker as the newest partner in its Memphis office, the firm announced Wednesday.
The U.S. Tax Court said Wednesday it has the authority to redetermine whether tax deficiencies apply to gains that several partners earned once their partnerships liquidated, because the court must consider the partners' specific facts — meaning the issue isn't solely limited to partnership-level proceedings.
An Oregon appellate court found Wednesday that the city of Eugene may impose a 7 percent licensing fee on Comcast Corp.’s broadband Internet revenue but said the city’s bid for an additional 2 percent registration fee violates the federal Internet Tax Freedom Act.
A New Jersey appeals court refused Wednesday to revive an admitted tax fraudster's suit against his one-time attorney for allegedly failing to negotiate a better plea agreement, finding that he failed to show a lapsed duty or damages from such a breach.
Airbnb Inc.'s agreement to share information with New York authorities guards the privacy of small-scale users but gives investigators sweeping power to identify enterprises that have systemically abused the online room-finder to dodge taxes and skirt real estate laws, legal experts said Wednesday.
A U.S. Tax Court judge on Wednesday rejected the Internal Revenue Service’s attempt to net a quick win in a case over how the IRS should value a Bernie Madoff-managed account that allegedly wasn't worth what the account owner had reported to the agency.
Illinois Tool Works Inc., a major industrial components manufacturer, has lodged a protest in U.S. Tax Court disputing a $70.2 million income tax deficiency, saying the Internal Revenue Service mischaracterized a $356.8 million capital transfer from one of its foreign affiliates.
Where some companies may frown upon strong personal relationships between inside and outside counsel, we have created an environment that encourages those relationships. Many of our outside counsel have worked for Caterpillar for 20 or more years. Like us, they bleed yellow blood, says James Buda, chief legal officer of Caterpillar Inc.
Pennsylvania Gov. Tom Corbett announced Wednesday that he would not appeal a federal judge's decision to strike the state's ban on same-sex marriage, firmly establishing Pennsylvania as the 19th state in the country that gives gay and lesbian couples the right to wed.
The Internal Revenue Service on Wednesday named 10 professionals, including King & Spalding LLP partner Floyd Newton III and Dilworth Paxton employee benefits chair Matthew Whitehorn, to its Advisory Committee on Tax Exempt and Government Entities.
The Ninth Circuit on Tuesday upheld the conviction of a former Las Vegas attorney for income and employment tax evasion, saying it was clear he intentionally hid from the Internal Revenue Service a Montana bank account used to finance his law firm.
A New York federal judge on Tuesday ordered the Royal Bank of Canada to reimburse the U.S. Commodity Futures Trading Commission for nearly $40,000 in attorneys' fees for delaying the delivery of documents related to a suit accusing it of engaging in illegal, risk-free trading.
A congressional committee has subpoenaed Justice Department officials to force their cooperation with an investigation into the Internal Revenue Service’s alleged targeting of conservative tax-exempt applicants, according to a Wednesday announcement.
New York state will double its sales tax exemption for certain food and drink from vending machines, meaning treats that cost $1.50 or less will soon be tax-free, the state Department of Taxation and Finance said Wednesday.
The Massachusetts Gaming Commission on Tuesday asked state lawmakers to make two amendments to the state's gambling law in order to raise its tax reporting thresholds on casino and horse-race winnings to federal standards and to relax casino employment prohibitions against criminals.
There is still a great deal of reticence among men in the legal and business worlds to include women in their social activities, as they think there is an implied impropriety about the situation. This can make it challenging to find a way to develop business, says Linsey Bozzelli, vice chairwoman of Blank Rome LLP's corporate, M&A and securities practice group.
The Swiss government on Wednesday said it will focus on inking tax information exchange agreements with countries it is close to economically and politically as it prepares to implement a global tax information framework promoted by the Organization for Economic Cooperation and Development.