Tax

  • January 5, 2018

    Retired Tax Court Judge Leaves Legacy On Deference, Shams

    Senior Judge Robert A. Wherry Jr. of the U.S. Tax Court retired Jan. 1 after serving nearly 15 years on the court, during which he authored major rulings touching on judicial deference to the IRS and abusive tax shelters.

  • January 5, 2018

    EU Urged Not To Create New Tax Rules For Digital Economy

    Tax Executives Institute Inc. has warned the European Commission against creating tax policies specifically for the digital economy, saying that even if changes are meant to apply only to digital transactions, they ultimately will affect all businesses in the global marketplace.

  • January 5, 2018

    Grid Policy Delay Threatens Wind Tax Break, FERC Told

    A clean energy developer on Thursday urged the Federal Energy Regulatory Commission to force Midcontinent Independent System Operator to fast-track a new grid hookup policy so wind projects can reap the federal production tax credit before it expires, saying the regional grid operator's foot-dragging could cost them billions of dollars.

  • January 4, 2018

    DOJ Reversal May Spark State Pushback Over Lost Pot Taxes

    The Trump administration’s retreat from an Obama-era policy limiting the enforcement of federal marijuana laws could prompt a backlash from states that rely on tax revenue from the cannabis industry and force Congress to draft marijuana reform laws.

  • January 4, 2018

    Manafort's Unlikely Shot At Mueller Aimed For Public Splash

    Paul Manafort's new civil suit against special counsel Robert Mueller risks jeopardizing his odds of a negotiating a plea and his standing in the parallel criminal case, but white collar attorneys say the onetime Trump campaign chair could be signaling his loyalty to the president by publicly attacking Mueller's mandate.

  • January 4, 2018

    Eversource Says Tax Bill Allows It To Lower Customer Rates

    Eversource announced Thursday that it will pass some of the millions of dollars it will save under the newly-passed federal tax bill onto its Massachusetts customers.

  • January 4, 2018

    CPA Group Urges Delay In New Partnership Auditing Regime

    The American Institute of Certified Public Accountants on Thursday renewed its plea for lawmakers to pass legislation delaying the implementation of the centralized partnership audit regime established by the Bipartisan Budget Act of 2015, which took effect on Jan. 1, 2018.

  • January 4, 2018

    States Waste No Time Crafting Pushback To Federal Tax Law

    Despite widespread uncertainties over its content and a strong likelihood of multiple changes and corrections, state and local lawmakers are wasting no time in efforts to offset or ameliorate the impacts of the just-signed federal tax reform law.

  • January 4, 2018

    Argentina Passes Tax Avoidance Rules On Exports, Havens

    Argentina has enacted new anti-tax-avoidance legislation for 2018, including rules on imports and exports of goods and more expansive criteria for tax havens.

  • January 4, 2018

    Sessions Reverses Obama-Era Marijuana Enforcement Policy

    Attorney General Jeff Sessions has rolled back an Obama-era policy of refraining from prosecuting marijuana businesses and individual users in states that have legalized the drug for medicinal or recreational use, the U.S. Department of Justice said Thursday, calling the move a “return to the rule of law.”

  • January 4, 2018

    IRS Cooperator Gets 2 Years For Lying About Tax Fraudsters

    A Massachusetts resident was sentenced to nearly two years in prison for misleading federal agents and falsely implicating someone when he was purportedly aiding in a tax fraud investigation, prosecutors announced Wednesday.

  • January 4, 2018

    Stockbridge-Munsee Opposes Sanction In Wis. Casino Dispute

    The Stockbridge-Munsee Community told a Wisconsin federal judge on Wednesday its counsel should not be sanctioned for trying to amend its complaint after its initial casino expansion suit claims against the Ho-Chunk Nation were thrown out, arguing that its behavior was reasonable and in the client’s interest.

  • January 4, 2018

    San Antonio Tells 5th Circ. To Rethink Reversal Of $84M Award

    The city of San Antonio asked the Fifth Circuit Wednesday to reconsider its decision reversing an $84 million award in a dispute with online travel companies over Texas' hotel-occupancy tax ordinances, saying the court overlooked the city’s tax ordinance.

  • January 4, 2018

    US Asks To Ax Subpoenas In $25M Anadarko Tax Refund Fight

    Internal communications of IRS and Treasury attorneys are privileged and not subject to a deposition request, the U.S. argued in a motion filed Wednesday asking a federal district court to quash subpoenas of three federal attorneys noticed by Anadarko Petroleum Corp. in the company’s $25 million tax refund lawsuit.

  • January 4, 2018

    IRS Sues Texas Oilman For $21M In Unpaid Income Taxes

    The Internal Revenue Service filed suit in a Texas federal court Wednesday to collect $21.5 million in back taxes from a Texas oilman and his exploration company.

  • January 3, 2018

    Cuomo To Restructure NY Tax Code, Sue Over Fed. 'Assault'

    New York Gov. Andrew Cuomo pledged Wednesday to take a three-prong approach to counter what he called a crass, divisive and ugly economic civil war between red states and blue states like his as a result of changes to the federal tax code.

  • January 3, 2018

    Retailers Have No Appetite For Ohio 'Cookie' Nexus Law

    The American Catalog Mailers Association has filed suit against the Ohio Department of Taxation in state court challenging the so-called cookie nexus standard for sales and use tax that took effect on Jan. 1, arguing the statute is unconstitutional under the commerce and due process clauses and violates the federal Internet Tax Freedom Act.

  • January 3, 2018

    Toy Co. Owners, IRS Settle Over $8M Legal Fee Deductions

    The owners of toymaker MGA Entertainment Inc. have reached a settlement with the IRS in a California federal court of claims that the company was entitled to deduct more than $8 million in legal fees related to a lawsuit against Mattel Inc. over the rights to Bratz dolls, according to a Wednesday court order.

  • January 3, 2018

    Va. Bookkeeper Gets 20 Months For $3 Million Tax Fraud

    A Virginia federal court on Wednesday sentenced a bookkeeper to 20 months in prison for defrauding the Internal Revenue Service of more than $3 million in employment and income taxes.

  • January 3, 2018

    Dutch Finance Ministry Pushes To Ratify Tax Supertreaty

    The Dutch Ministry of Finance has pushed for the country’s legislature to ratify a landmark multilateral agreement among more than 70 countries to deter tax avoidance by multinational corporations, telling lawmakers that the Netherlands is going further than most with its anti-abuse measures.

Expert Analysis

  • 10 Tips For Effective Practice Before The 5th Circ.

    Justin Woodard

    The Fifth Circuit is among the busiest federal circuit courts in the country. What can you do to increase your chances of reaching oral argument? And if given the opportunity, how can you present a persuasive argument? Former Fifth Circuit clerk Justin Woodard, an associate at Jones Walker LLP, shares some advice.

  • Series

    Judging A Book: Saris Reviews 'Locking Up Our Own'

    Judge Patti Saris

    Having just completed a six-year term as chair of the U.S. Sentencing Commission, I read Yale Law School professor James Forman's new book, "Locking Up Our Own: Crime and Punishment in Black America," with particular interest, says Judge Patti Saris, chief judge for the U.S. District Court for the District of Massachusetts.

  • Financial Institutions Must Invest In FATCA Compliance

    Ashly Elmore Drew

    The deadline for foreign financial institutions to sign up with the U.S. Internal Revenue Service's Foreign Account Tax Compliance Act registration system came and went last month. While deregulatory and tax reform efforts in Washington could eventually change FATCA enforcement, for the time being, failure to be in compliance can have serious implications, say attorneys with Burr & Forman LLP.

  • How Shell Companies Launder Money In Luxury Real Estate

    Neil Axler

    The past decade has seen dramatic increases in the purchase prices of luxury residential real estate in New York and Florida as well as in the proportion of properties purchased through shell companies. Law enforcement officials are concerned that foreign criminals may be using the U.S. real estate market to launder dirty money, say attorneys with Stout Risius Ross LLC.

  • Roundup

    Judging A Book

    Gorsuch: The Judge Who Speaks For Himself

    Are the latest books on the judicial system worth reading? Federal judges share their thoughts in this series of book reviews.

  • Don't Waste This Planning Cycle: Year-End Strategies

    Hugh A. Simons

    Law firms are businesses where partners operate with significant autonomy. To see their priorities translate into individual partner action, firm leaders should use a few collaborative strategies, suggests Hugh A. Simons, former senior partner of The Boston Consulting Group and former COO of Ropes & Gray LLP.

  • The Senate's Tax Reform Bill Faces A 'Byrd Bath'

    Darryl Nirenberg

    Now that the U.S. Senate Finance Committee has voted to advance its tax reform bill, the Senate must find ways to bring its deficit below $1.5 trillion, or see some provisions scrubbed in a procedural "Byrd bath" during budget reconciliation, says Darryl Nirenberg, a partner at Steptoe & Johnson LLP.

  • From Snaps To Tweets: The Craft Of Social Media Discovery

    Matthew Hamilton

    Courts have consistently held that social media accounts are subject to established discovery principles but are reluctant to allow parties to rummage through private social media accounts. Recent case law confirms that narrowly tailored information requests get the best results, say Matthew Hamilton, Donna Fisher and Jessica Bae of Pepper Hamilton LLP.

  • The Conspiracy And FBAR Charges Against Manafort, Gates

    Robert Adler

    The charges against Paul Manafort and Richard Gates differ in significant respects from similar cases where the government has charged a Klein conspiracy as well as a willful failure to file reports of foreign bank and financial accounts, says Robert Adler of Nossaman LLP.

  • Learning From The Greystone Affordable Development Case

    Ray Jones

    Affordable housing developers face the challenge of developing projects that are pleasing to both tenants and the community, while keeping rents at permissible levels. A South Carolina developer recently demonstrated that renovating low income housing units with the help of multifaceted deal structures is one possible solution, says Roy Jones of Parker Poe Adams & Bernstein LLP.