Cantey Hanger LLP on Friday announced the addition of a former Shackelford Melton & McKinley LLP tax attorney and active member of the state bar associations to bolster the firm’s business transactions and tax planning practice areas.
A New Jersey appeals court ruled Friday that North River Insurance Co. does not have to defend nine hospital trustees seeking coverage for an Internal Revenue Service collection over unpaid employment taxes, saying the policy does not cover tax liabilities.
California has a puzzling maze of sales and use taxes that differ among cities and counties and change frequently, but retailers may be able to better navigate the system through an online mapping tool released by a state regulator Wednesday.
A bipartisan bill introduced Thursday would repeal the Affordable Care Act's “belly button tax,” marking Capitol Hill's latest response to the health care law as its real-world impact becomes clearer.
The Internal Revenue Service moved to dismiss a Washington bank's lawsuit in a D.C. district court claiming $9 million in tax refunds Friday, arguing that the IRS, the Department of the Treasury and the Federal Deposit Insurance Corp. are immune from Clark County Bancorporation's lawsuit.
There are genuine gender differences in terms of how executives conduct themselves, and we female attorneys in leadership positions have been learning on the job how those differences play out in law firms, without much historical context to help us, says Kimberly Johnson, chairwoman of Quarles & Brady LLP.
To increase the number of women in their partner ranks, many law firms think you can simply go out and recruit more women partners — but there aren't enough to go around. The system needs to change so we are providing an environment conducive to the success of women, says Dominica Anderson, managing partner of Duane Morris LLP's Las Vegas office.
The suit challenging Pennsylvania’s law banning same-sex marriage cleared a major hurdle Friday, after a federal judge in Harrisburg ruled that significant changes in due process and equal protection jurisprudence in the last 40 years barred him from granting motions aimed at having the complaint dismissed.
Missouri will now recognize same-sex marriage for state income tax filing purposes — even though the state constitution doesn't recognize such marriages — in order to follow federal standards, Gov. Jay Nixon said Thursday.
A Washington state appeals court on Tuesday slammed the door to excess coverage for Quellos Group LLC's $240 million tax fraud scheme because an underlying insurer did not pay full policy limits, joining a growing number of courts to strictly interpret exhaustion language despite policyholders' insistence that these terms violate public policy.
A New York commission on tax reform report released Thursday called on lawmakers to overhaul the state's tax system, saying the current tax regime is unfair to middle- and low-income families and needlessly confusing and burdensome for businesses.
A bipartisan group of lawmakers on Thursday urged House Ways & Means Chairman Dave Camp to let the wind production tax credit expire at the end of this year, saying the provision is unnecessary and clogging the nation's already-complicated tax system.
The creators of tax shelters that turned out to be illegal asked a New York state judge Thursday to force other lawyers and accountants to help it pay for an arbitration award against it for selling the shelters to notorious inside trader Raj Rajaratnam and others.
The Eleventh Circuit on Thursday refused to reverse the convictions of a married couple and eight co-defendants involved in a $50 million "self-help" tax shelter scam, upholding a lower court's collective 46-year federal prison sentence.
Congress' consideration of a 28 percent cap on the value of both state and local tax deductions and the earned interest exclusion for municipal bonds would cut more than 417,000 jobs and slash $71 billion in real GDP over the next 10 years, according to a study by Moody's Analytics.
U.S. House of Representatives Speaker John Boehner on Thursday denied reports suggesting Republicans are intent on sidelining tax reform legislation until 2014.
Two former executives of Overseas Shipholding Group Inc. on Tuesday urged a New York federal judge to throw out, for good, an investor class action accusing them of hiding the company’s $35 million tax debt that ultimately drove it into bankruptcy.
A prominent Connecticut-based charity could not escape $100 million in tax liability for its use of a Midco transaction, the Eleventh Circuit ruled Thursday, tossing Diebold Foundation, Inc.'s case back to the U.S. Tax Court to determine whether the company owes back taxes. Correction: An earlier story incorrectly stated that Diebold Foundation, Inc. was associated with Diebold, Inc. The error has been corrected.
Cross-border transactions have cemented their place in the deal-making scene as buyers and sellers alike take an increasingly global view of the marketplace, leaving attorneys to contend with more complex processes filled with extra hurdles. Here, experts share eight tactics to keep multijurisdictional deals on track from the beginning.
A bill that would provide Michigan students a tax credit on their college loans if they choose to stay in-state after graduation cleared a Michigan Senate committee on Wednesday and may go up for a vote by the full chamber in the coming weeks.
The new federal tax law was expected to change how deals get structured, and four months after its enactment, it is becoming clear how the legislation is having an impact on negotiations and tax planning strategies.