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Tax

  • June 10, 2014

    Female Powerbrokers Q&A: Thacker Martinsek's Martinsek

    I succeeded by taking personal chances that give other lawyers sweaty palms. I recall, as a second-year associate, telling the national chair of litigation at my firm that his venue arguments “had Article III problems.” Ultimately, he agreed, says Amanda Martinsek, founding president of Thacker Martinsek LPA.

  • June 10, 2014

    Female Powerbrokers Q&A: Rutan & Tucker's Kathy Jenson

    Years ago, I had a sexist client. When I suggested we take a reasonable position during negotiation of a settlement agreement, he accused me of having a crush on my male opposing counsel. I fired him — life is too short to put up with that, says Katherine Jenson, chairwoman of Rutan & Tucker LLP's land use/natural resources practice group.

  • June 9, 2014

    Ex-BDO Execs Get Prison Time For Tax Shelter Scheme

    Two former executives at the accounting firm BDO Seidman LLP have been handed prison sentences in New York federal court for their roles in a tax shelter scheme that defrauded the government of more than $100 million, an attorney for the defendants confirmed Monday.

  • June 9, 2014

    IRS Sent Confidential Taxpayer Info To FBI, Pols Say

    The Internal Revenue Service transmitted a huge database containing legally protected information on conservative nonprofit groups to the Federal Bureau of Investigation in 2010, members of the House Oversight and Government Reform Committee alleged Monday.

  • June 9, 2014

    Fannie, Freddie Look Unstoppable In Transfer Tax Fight

    Class actions against Fannie Mae and Freddie Mac over hundreds of millions of dollars in unpaid transfer taxes in states and cities around the country continue to pile up, but experts say any attempt to challenge the housing giants' exempt status is likely futile as court after court rules in their favor.

  • June 9, 2014

    Treasury Trims Disclosure Rules For Covered Tax Opinions

    The U.S. Department of Treasury issued final revisions Monday to regulations on who can practice before the Internal Revenue Service, streamlining disclosure rules for covered opinions and the requirements for written advice.

  • June 9, 2014

    Colorado Tinkers With 'Nexus' In Online Sales Tax Law

    Colorado’s new law to govern the taxability of Internet sales takes some selective risks in its attempt to wrangle in some of those who haven’t paid in the past, continuing a push by the states to expand their reach into the digital economy.

  • June 9, 2014

    UN Worker Not Exempt From Income Taxes, Tax Court Says

    The U.S. Tax Court on Monday said a Finnish woman who received tax exemptions while working in New York with Finland’s United Nations delegation lost her exemption when she left the mission and became a permanent resident, even though she later rejoined the UN.

  • June 9, 2014

    NY Attorney Stuck With $1.3M Tax Bill After Property Sale

    The U.S. Tax Court on Monday saddled a New York attorney with more than $1.3 million in tax debt after he sold one property and purchased another in a supposed tax-deferred exchange, saying the sale didn't qualify for special tax treatment because the attorney’s son had conducted the transaction.

  • June 9, 2014

    Obama Taps Skadden Attorney For US Tax Court

    President Barack Obama on Friday nominated Skadden Arps Slate Meagher & Flom LLP attorney Cary Douglas Pugh to the U.S. Tax Court, crowning a roughly 20-year career that has seen stints in the Internal Revenue Service's Office of Chief Counsel and as tax counsel to the Senate Finance Committee.

  • June 9, 2014

    UK Adopts 1-Stop VAT System For Telecoms, Digital Services

    Telecoms and e-services companies in the U.K. will no longer have to register to pay value added taxes in each European Union nation where they have customers, the British government announced Monday.

  • June 9, 2014

    Ropes & Gray Adds 2 To London Tax Practice

    Ropes & Gray LLP has added two tax and benefits attorneys to its London office, the firm announced last week, increasing the number of tax attorneys in the firm’s London office to more than 80.

  • June 9, 2014

    Employers Beware Of IRS Worker Classification Crackdown

    Increased federal and state budget deficits coupled with the rollout of the Affordable Care Act have the Internal Revenue Service and state tax authorities cracking down on companies that misclassify employees as independent contractors, and businesses that do not wise up could face devastating consequences.

  • June 9, 2014

    High Court Won't Hear Wells Fargo's $82M Tax Refund Claim

    The U.S. Supreme Court on Monday refused to hear arguments from WFC Holdings Corp., a holding company for Wells Fargo & Co., that it was entitled to a $82 million tax refund after the Eighth Circuit held that its move of real estate it had acquired from a merger into a subsidiary lacked economic substance, effectively ending the company's bid for a refund check from Uncle Sam.

  • June 9, 2014

    EarthLink Says AT&T Shirking Phone Service Access Fees

    AT&T Corp. was hit with a lawsuit in Pennsylvania federal court Friday alleging the company is flouting a contract and federal tariff law by refusing to pay EarthLink Business LLC for telephone access services the company provides for AT&T's long distance services.

  • June 9, 2014

    Female Powerbrokers Q&A: Michael Best's Kerryann Minton

    We all have a voice in the back of our heads that whispers doubt, and sometimes women tend to pay more attention to that voice than men. My self-confidence has helped me learn that my opinion is not only welcome but valued, allowing me to develop into a firm leader, says Kerryann Haase Minton, managing partner of Michael Best & Friedrich LP's Chicago office and a member of the firm's management committee.

  • June 9, 2014

    Female Powerbrokers: WhatleyKallas' Edith Kallas

    When a court hearing involving a leadership battle in a major multidistrict litigation was rescheduled to the start of a school vacation, I had to bring my then-13-year-old daughter. Afterward, I asked her what she thought of the hearing, and she said, "I have never seen so many old, white men in one place at one time," says Edith Kallas, a partner at WhatleyKallas LLP.

  • June 6, 2014

    Fed. Judge Strikes Down Wis. Gay Marriage Ban

    A Wisconsin federal judge on Friday struck down an amendment to the state’s constitution banning same-sex marriage in a lawsuit brought by eight couples who wanted to get married or have their out-of-state marriages recognized, finding it violates equal protection rights under the Fourteenth Amendment.

  • June 6, 2014

    Calif. Lawmakers Make Bid For $5B Tesla Battery Factory

    Seeking to lure Tesla Motors Inc. to open its proposed $5 billion electric-car battery factory in California, two state lawmakers on Thursday introduced legislation that would provide financial incentives and clear regulatory hurdles to fast-track the development of the plant.

  • June 6, 2014

    8th Circ. Says Fannie, Freddie Exempt From Transfer Tax

    Fannie Mae and Freddie Mac are exempt from paying state and local real estate transfer taxes, the Eighth Circuit ruled on Friday, in a move that follows the recent rulings of other circuit courts.