The Commonwealth Court of Pennsylvania Monday ordered a lower court to hear a homeowner’s contestation on a tax sale of her home, which was allegedly completed after the tax liability had been paid, because she was not properly served with notice of the sale.
The federal government will pay General Electric Co. an undisclosed amount to settle the company's bid for an Internal Revenue Service tax refund on a $455 million loss on the sale of a life insurance subsidiary, according to a settlement stipulation filed Monday in Connecticut federal court.
A D.C. federal judge on Monday authorized the enforcement of a confirmed $27.4 million arbitral award issued to BCB Holdings Ltd. several weeks after the U.S. Supreme Court declined to review the matter, dealing a blow to the government of Belize as it continues its fight to avoid payment.
JKX Oil & Gas PLC has been awarded $12 million in damages by an international arbitration tribunal in its dispute with the Ukrainian government over gas royalties it has paid the country since 2011, the company said on Monday.
Reports that an online information services company provides to clients about their potential customers' behavior is subject to a New York state sales and compensating use tax, and do not involve enough personalized information to meet an exception, according to an advisory opinion the state tax department released Friday.
Kirkland & Ellis LLP's tax team powered through billions of dollars in major mergers and acquisitions last year in sectors including energy, software, medicine and more, providing solid and sometimes novel tax advice that earned it recognition as one of Law360's Practice Groups of the Year.
Belize Bank, the financial firm owned by wealthy British political figure Lord Michael Ashcroft that has waged legal war against the Caribbean nation, said Friday that it would sue Belize over new laws that would criminalize its efforts to enforce U.S. judgments against the country and its central bank, according to reports.
The momentum against a 1992 Supreme Court ruling barring states from collecting transaction taxes from retailers not physically present within their borders continues to grow, with Hawaii and Kansas joining a bevy of other states introducing legislation that retailers say is contrary to the ruling.
A Target Corp. subsidiary is liable for corporate income tax in Colorado after a district court rejected the company's argument that it is not “doing business in Colorado” and ruled that it does not have to be physically present in the state to establish a substantial nexus.
A former Dewey & LeBoeuf LLP client who lost multiple malpractice cases against the firm has demanded in New York bankruptcy court the return of his client records to support his defense against an $8 million tax bill, while the firm’s trust disputed allegations that it misled him about the documents’ existence.
The chairman of the House Ways and Means Committee stumped Friday for what he described as the GOP's bold, transformative tax reform blueprint to improve U.S. competitiveness by levelling a playing field stacked against U.S. exporters, arguing this year may be the best shot for a comprehensive overhaul.
A Manhattan federal judge on Friday warned a Kings Bench Chambers lawyer against representing himself at an upcoming criminal trial on charges that he helped an American investment adviser dodge a $10 million tax bill.
The owner of a Texas tax preparation business who was convicted in November of running a $2 million Ponzi scheme based on solar energy investments was sentenced on Thursday along with a co-conspirator to serve federal prison terms, federal prosecutors announced.
Baker McKenzie LLP’s tax group scored significant victories against the IRS when it successfully challenged a cost-sharing rule on behalf of chipmaker Altera Corp. and convinced the U.S. Tax Court to reject Medtronic Inc.’s $1.36 billion deficiency calculation, landing it a spot among Law360’s 2016 Practice Groups of the Year.
A U.S. Tax Court judge on Thursday found no unconstitutional breach of the separation of powers and rejected an expansive recusal bid arguing that the president's ability to remove Tax Court judges reaches too far into a body forcibly separated from the executive branch by Congress.
In this week's Taxation With Representation, Snap Inc. filed its long-awaited initial public offering, an Oklahoma natural gas company made plans to buy out the rest of its master limited partnership, and Keysight Technologies agreed to pay about $1.6 billion for data technology firm Ixia.
President Donald Trump’s nomination of Tenth Circuit Judge Neil Gorsuch to the U.S. Supreme Court could usher in a new era of state taxation of remote business transactions as his writings indicate opposition to the current standard preventing retailers from being taxed if they are not physically present in a state.
The U.S. Tax Court on Thursday found that an ambiguous tax deficiency notice was valid even though a clerical error stated the taxpayer owed nothing, but several dissenting judges said that the zero dollar amount on the notice rendered it misleading and invalid.
Businesses are splitting into camps over a proposed GOP tax overhaul that would dramatically change how corporations are taxed in the U.S., with advocacy groups claiming dozens of members have rallied in support and in opposition to the plan in the past two days.
Hogan Lovells has beefed up its corporate tax practice with the announced hire on Thursday of a former Linklaters LLP partner who is a mergers and acquisitions tax planning expert and spent some of the early days of his career working on tax guidance and regulations for the Internal Revenue Service.
Ever consider applying for a judicial appointment in California? Get the lay of the land from Judge George Bird of the Los Angeles Superior Court and Kimberly Knill, a senior appellate court attorney for the California Court of Appeal. Additionally, hear what several recent appointees to the LA Superior Court thought of the judicial selection process.
When trial lawyers fail to recognize the unique challenges faced by in-house counsel, it jeopardizes not only the outcome of the case, but also the opportunities for future representation. These few simple strategies are hardly rocket science, but they are too often neglected, says Matthew Whitley of Beck Redden LLP.
Many aspects of President-elect Donald Trump’s tax plans are still unclear. But proper estate planning will still be important. Michael Goode of Stites & Harbison PLLC considers what lies ahead with regard to estate and gift taxation, including a prohibition on some transfers to closely held family charities, incentives to keep taxable estates within the family, and whether or not the gift tax will be repealed.
Women leave law firms for many of the same reasons men do, but also face challenges including headwinds with respect to assignment delegation and social outings, as well as potential disruptions if they choose to have children. Firms can increase investment in talent management and improve retention and engagement of women attorneys, says Anusia Gillespie of Banava Consulting.
American legal education relies almost exclusively on analytical thinking. But success in legal practice depends in large part upon an accurate emotional understanding of oneself and the human seated opposite us. Honing emotional intelligence skills can lead to greater success, and Judith Gordon of LeaderEsQ offers a few tools that can be implemented immediately to raise one’s emotional intelligence quotient.
The Ohio state legislature recently established the procedure for designating downtown redevelopment districts and innovation districts in the state. These powerful new tools can also be combined with existing economic development incentives, but the key to their successful implementation is determining when to use the correct incentives mix in the given circumstances, say Scott Ziance and Chris Clements of Vorys Seymour Sater and Pease LLP.
We are privileged to be part of an employment market that hosts employees from various generations. While “differences” may imply inherent conflict, intergenerational differences can actually be used to an advantage for organizations — especially law firms, say Najmeh Mahmoudjafari, founder of ImmigraTrust Law, and William Martucci of Shook Hardy & Bacon LLP.
Last year, the IRS issued final and temporary regulations pertaining to Section 871(m) of the U.S. Internal Revenue Code, which imposes a 30 percent U.S. withholding tax on dividend equivalent amounts paid or deemed paid on certain swaps and equity linked instruments. Funds should carefully consider the implications, say attorneys from Kleinberg Kaplan Wolff & Cohen PC.
The first paragraph of Philip Hirschkop’s obituary is going to contain the word "Loving." That’s undeniable. But many of Hirschkop’s other cases are just as groundbreaking in their own right. They aren’t household names like Loving, but they have affected millions in the nation’s households, says Randy Maniloff of White and Williams LLP.
A federal judge recently sentenced well-known Chicago restaurant owner Tony Hu to prison for carrying out an extensive scheme to avoid paying state sales tax collected from customers of his establishments. Two important lessons may be drawn from this criminal case, says Matthew Lee of Fox Rothschild LLP.