-
October 29, 2026
The U.S. Treasury Department should develop targeted rules distinguishing abusive transactions from long-standing investment management practices in new enforcement that scrutinizes novel strategies exploiting the tax benefits of certain investment vehicles and financial products, firms and organizations told the department.
-
October 29, 2026
The number of people who lost or renounced their U.S. citizenship totaled more than 1,300 in the third quarter of 2026 as logged by the U.S. Department of the Treasury, down about 16% year over year and 25% from the previous quarter, the IRS said Thursday.
-
October 29, 2026
The IRS never published data showing that microcaptive transactions pose a potential for tax avoidance to justify a rule making companies and advisers report them as "transactions of interest," a tax consultancy seeking the rule's demise told the Fifth Circuit.
-
October 29, 2026
An Alabama tax preparation business owner and several of her employees participated in a scheme to submit false tax returns to the IRS seeking more than $177 million in fraudulent federal tax refunds, federal prosecutors said.
-
October 29, 2026
A federal judge's order barring President Donald Trump, the IRS and the U.S. Treasury Department from citing the agreement made to settle his $10 billion suit against the tax agency is unsupportable and should be reversed, the government told the Eleventh Circuit.
-
October 28, 2026
A Washington Court of Appeals panel has reinstated a real estate company's challenge to a string of Seattle landlord-tenant laws, finding the firm has adequately detailed how the contested ordinances stunted its property rights as the owner of a downtown affordable housing development.
-
October 28, 2026
Missouri and Louisiana are the latest states to become embroiled in litigation with event contract platforms, after Kalshi and Polymarket sued them, respectively, to prevent pending enforcement action.
-
October 28, 2026
FBT Gibbons LLP has hired a former Michelman & Robinson LLP partner who specializes in commercial real estate deals and a former Baker McKenzie tax partner for partner roles in its New York City office.
-
October 28, 2026
A Seattle restaurant owner was sentenced to 13 months in prison and three years of supervised release for willfully failing to pay more than $1.4 million in unemployment, Social Security and Medicare taxes, some of which he withheld from employees' paychecks, federal prosecutors said.
-
October 28, 2026
Electronics manufacturer Flex Ltd. urged the Delaware Supreme Court on Wednesday to revive its bid for a $48.5 million tax distribution from its Nextracker Inc. spinoff, arguing the companies' agreements entitled it to the money, while Nextracker maintained Flex had agreed to bear the tax costs.
-
October 28, 2026
The moving of a roughly £513,000 ($684,000) loan a U.K. director owed his company to its parent holding company still counts as a release of the loan, a London court affirmed Wednesday, sticking the director with an additional £195,000 in income tax.
-
October 28, 2026
A Manhattan federal judge on Wednesday sentenced a charity founder to eight years in prison for embezzling over $2.5 million of charitable funds to live a luxury lifestyle, after his bid to withdraw a guilty plea on fraud and tax evasion charges was nixed.
-
October 28, 2026
A director cannot appeal his liability for judgment under a roughly AU$17 million ($12 million) settlement deed linked to tax fraud allegations against his companies because his challenge had no merit, was filed late and lacked supporting evidence, the Supreme Court of New South Wales said Wednesday.
-
October 28, 2026
A formerly married couple are not entitled to claim a refund of roughly $1.6 million for tax penalties related to a foreign trust, a Pennsylvania federal magistrate judge ruled, finding the court lacks jurisdiction because they failed to demonstrate they properly filed a refund claim.
-
October 28, 2026
In just over two weeks, U.S. Customs and Border Protection has cleared nearly 16 million more imports as part of the third phase of its tariff refund system, according to a declaration filed by a CBP official at the U.S. Court of International Trade.
-
October 28, 2026
A Nigerian man facing charges that he obtained more than $100 million in tax refunds fraudulently by posing as tax professionals and taxpayers was arraigned after being extradited from Benin, the U.S. Department of Justice said.
-
October 27, 2026
The U.S. Department of Justice late Tuesday acknowledged that it confused key statutory terms related to jury instructions at famed appellate advocate Tom Goldstein's criminal trial, while also insisting "the government's mistake here was understandable" and shouldn't upend a jury's guilty verdict.
-
October 27, 2026
The IRS asked the First Circuit to dismiss unlawful property seizure and due process claims against former IRS Criminal Investigation officers in a dispute related to a shuttered online bank suspected of facilitating tax evasion and money laundering, saying the bank's former owner failed to establish plausible allegations.
-
October 27, 2026
DLA Piper has hired an Internal Revenue Service veteran to help multinational clients with tax issues that cross borders, the firm said this week.
-
October 27, 2026
A California tribe is fighting a bid by Gov. Gavin Newsom to dismiss its challenge to a Class III gaming compact, telling the court it has paid millions of dollars into four funds under the agreement and faces paying much more over the next 16 years.
-
October 27, 2026
Nearly two dozen states sued the Trump administration Tuesday over its rollback of ownership reporting requirements for corporate entities, arguing the move constitutes an illegal, unilateral repeal of an anti-financial crime law that Congress enacted.
-
October 27, 2026
An electrician company can't appeal a decision finding it liable for nearly £47,000 ($62,500) in value-added taxes on the grounds that a lower tribunal shouldn't have continued a remote hearing after its representative was disconnected, the Upper Tribunal said Tuesday.
-
October 26, 2026
The U.S. Tax Court wrongly excused the lateness of a conservation easement partnership case based on a misinterpretation of a deadline provision in a statute governing judicial review of partnerships, the IRS argued in a bid to revisit a September opinion.
-
October 26, 2026
The North Carolina Supreme Court agreed to take up a former state court judge's appeal challenging the state bar's authority to discipline him for alleged misconduct on the bench, which he said the Tar Heel state's judicial oversight board had already addressed.
-
October 26, 2026
The European Data Protection Board should confirm that its guidelines limiting large-scale, systematic data transfers will continue applying to automatic exchanges of tax information despite wording that could suggest otherwise in draft European Union legislation, the leader of a group representing "accidental" U.S. citizens said Monday.