Tax

  • February 6, 2017

    Pa. Court Orders Home Tax Sale Reviewed Since Debt Paid

    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.

  • February 6, 2017

    Gov't Settles GE Tax Fight Over $455M Loss On Co. 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.

  • February 6, 2017

    Belize Can't Stop BCB's Bid To Enforce $27.4M Award

    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.

  • February 6, 2017

    Energy Co. Wins $12M In Arbitration With Ukraine

    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.

  • February 6, 2017

    Info Services Co.'s Reports For Clients Can Be Taxed In NY

    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.

  • February 6, 2017

    Tax Group Of The Year: Kirkland & Ellis

    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.

  • February 3, 2017

    Belize Laws To Protect State Assets From Ashcroft Face Suit

    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.

  • February 3, 2017

    Hawaii, Kansas Mull Tax Burdens On Out-Of-State Vendors

    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.

  • February 3, 2017

    Target Unit Found Liable For Colo. Corporate Income Tax

    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.

  • February 3, 2017

    Dewey Lied About Docs Over $8M Tax Bill, Ex-Client Says

    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.

  • February 3, 2017

    GOP Rep. Says Stars Aligned For Transformative Tax Reform

    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.

  • February 3, 2017

    Judge Warns UK Lawyer Against Repping Himself In Tax Case

    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.

  • February 3, 2017

    Tax-Prep Owner, 1 Other Sentenced In $2M Ponzi Scheme

    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.

  • February 3, 2017

    Tax Group Of The Year: Baker McKenzie

    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.

  • February 3, 2017

    Prez’s Ability To Remove Tax Judges Found Constitutional

    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.

  • February 3, 2017

    Taxation With Representation: Cleary, Cooley, Skadden

    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.

  • February 2, 2017

    Gorsuch May Bring Change To Tax On Out-Of-State Sales

    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.

  • February 2, 2017

    Tax Court Says Ambiguous Deficiency Notice Was Still Valid

    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.

  • February 2, 2017

    Rival Interest Groups Square Off Over GOP Tax Plan

    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.

  • February 2, 2017

    Hogan Lovells Adds Tax Partner From Linklaters

    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.

Expert Analysis

  • The Path To The California Bench

    Judge George F. Bird

    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.

  • 3 Tips To Avoid Being On The Outs With In-House Counsel

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    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.

  • Estate And Gift Taxes Under Donald Trump: A Preview

    Michael Goode

    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.

  • The Horrible Conflict Between Biology And Women Attorneys

    Anusia Gillespie

    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.

  • Lawyer EQ: Finding Success In Every Interaction

    Judith Gordon

    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.

  • Understanding Ohio's Downtown Redevelopment Districts

    Scott Ziance

    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.

  • Managing Intergenerational Differences Within Your Law Firm

    Najmeh Mahmoudjafari

    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.

  • Withholding Changes For Dividend Equivalent Amounts

    Philip Gross.jpg

    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.

  • Philip Hirschkop: Quietly Making Noise For 50 Years

    Randy Maniloff

    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.

  • Lessons From DOJ Treatment Of Tony Hu For Sales Tax Fraud

    Matthew Lee

    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.