Tax

  • May 15, 2025

    Unions, Groups Seek Injunction To Block Gov't Restructuring

    A California federal judge must greenlight a nationwide injunction to stop multiple federal agencies from moving ahead with implementing reorganization and mass termination plans linked to an executive order, a coalition of unions and groups argued, making their request on the heels of a temporary restraining order.

  • May 15, 2025

    FTZ Holding Can't Stop Duty Refund Clock, Trade Court Rules

    The U.S. Court of International Trade ruled Thursday that a cigarette distributor waited too long to seek out duty refunds on its product, explaining that products being held for several years in a foreign-trade zone did not prevent the statutory clock from running.

  • May 15, 2025

    Ohio Court Upholds Home's $450K Value Based On Sale

    The Ohio tax appeals board didn't err in determining that a couple's home was correctly assessed at $450,000 based on its 2020 sale price, a state appeals court said in an opinion released Thursday.

  • May 15, 2025

    House Tax Bill's Foreign Rules May Finish Off Energy Perks

    House Republicans' mammoth tax bill proposes phasing out two popular clean electricity business tax credits, but additional restrictions on eligible development projects' foreign business ties could have the same effect as immediately repealing them.

  • May 15, 2025

    Conservatives Challenge Title Of Colo. Tax Cut Initiative

    A proposed Colorado ballot measure to reduce the state income tax rate by one-hundredth of a percentage point was assigned an unlawfully confusing title by a state board, the conservative activists behind the initiative charged in a petition to the state Supreme Court.

  • May 15, 2025

    Minn. Justices Affirm $9M Medical Building Tax Valuation

    A Minnesota medical building was correctly valued by the state tax court, the state Supreme Court said Wednesday, affirming a decision that boosted the building's original valuation by more than $1 million.

  • May 15, 2025

    Hawaii Justices Won't Review Honolulu Property Class Case

    The Hawaii Supreme Court declined to review an appellate court decision that found a special Honolulu property class did not violate the state and country's equal protection clause.

  • May 15, 2025

    Penalty Challenge In $14M Estate Tax Case Heads To Trial

    A woman who failed to file a tax return for her brother's nearly $14 million estate can move forward with a suit challenging the ensuing IRS penalties, a Rhode Island federal judge ruled, saying a jury might excuse the mistake by finding she relied on flawed legal advice.

  • May 14, 2025

    Lawmakers Line Up To Unwind Trump's 'Chaotic' IEEPA Tariffs

    Nearly 150 members of Congress have thrown their support behind 12 state attorneys general suing to halt the Trump administration's "emergency" tariffs, arguing they far exceed the statutory authority of a president.

  • May 14, 2025

    House Panel To Fold $3.8T Tax Overhaul Into Budget Package

    The House Budget Committee has scheduled a vote Friday on legislation that would combine the House Ways and Means Committee's $3.8 trillion tax bill with the work of other House committees as part of the fiscal 2025 budget reconciliation bill. 

  • May 14, 2025

    Wisconsin Lake Homeowners Amend Tribal Tax Burden Suit

    Four lake homeowners and an association have amended a suit against local governments in the Menominee reservation in northern Wisconsin, claiming the tribe has sought to grow the amount of tax-exempt land while leaving owners of taxable homes to pay more than their fair share. 

  • May 14, 2025

    Newsom Blames 'Trump Slump' As Calif. Faces $12B Shortfall

    California's fiscal situation has changed for the worse since January, Gov. Gavin Newsom said Wednesday, putting the blame on what he said was a "Trump slump" that has resulted in lower capital gains tax collections.

  • May 14, 2025

    Eversheds Sutherland Rehires Tax Expert From DLA Piper

    Eversheds Sutherland is welcoming back a tax expert in the U.K. who spent the last seven years at DLA Piper, the firm announced.

  • May 14, 2025

    Grant & Eisenhofer Exits Tech Co. Ch. 11 After Watchdog Balk

    Insolvent technology firm AgileThought's special litigation counsel, Grant & Eisenhofer, said it was withdrawing from representing the debtor after the U.S. Trustee objected to a plan to have the firm also represent AgileThought's prepetition lender and the buyer of its assets, Blue Torch Finance LLC.

  • May 14, 2025

    'Plaintiffs Are Wrong' In New Recusal Bid, Ga. Judge Says

    A Georgia federal judge doubled down Wednesday on his refusal to recuse himself from a defamation case in which the plaintiff's counsel claimed he called their client a "fraud," writing that the "plaintiffs are wrong" that he misstated facts about a related case.

  • May 14, 2025

    EU Wrong To Deny Dutch Tax Firm's Trademark, Court Says

    A Dutch consultancy was wrongly denied a trademark for "Taxmarc" in the European Union after a German consultancy that controlled a trademark for "X Taxman" opposed its registration, the European General Court said Wednesday.

  • May 14, 2025

    Ore. Riverfront Parcel Overvalued, State Tax Court Finds

    An Oregon riverfront property was overvalued by $12,000 in tax year 2022-23, the Oregon Tax Court said, lowering its real market value while rejecting the owner's arguments for a much deeper cut. 

  • May 14, 2025

    Minn. School Can Skip Accrediting For Tax Break, Court Says

    A Minnesota school seeking a property tax exemption as an educational entity is not required to show accreditation by an outside organization to qualify for the break, the state tax court said.

  • May 14, 2025

    Payroll Co. Owner Cops To Fraud, Tax Charges

    A former payroll company owner pled guilty to embezzling from her clients and failing to pay employee withholdings to the IRS on their behalf.

  • May 13, 2025

    Pa. Court Debates RGGI Membership Without Lawmakers' Nod

    The Pennsylvania Supreme Court on Tuesday weighed if a law empowering the state's environmental regulator equated to securing legislative approval to join a multistate Regional Greenhouse Gas Initiative, with the state justices noting Pennsylvania is the only member to join without lawmakers' blessing.

  • May 13, 2025

    House Panel Clears $3.8T Extension of 2017 Tax Overhaul Law

    The House Ways and Means Committee voted along party lines early Wednesday to approve a $3.8 trillion tax bill that would make permanent many of the tax cuts for businesses and individuals enacted in President Donald Trump's first term.

  • May 13, 2025

    Trade Court Panel Looks Askance At Trump Tariff Justification

    A U.S. Court of International Trade panel expressed skepticism Tuesday that the emergency law President Donald Trump is using to impose global tariffs left the determination of an "unusual and extraordinary threat" to be a political rather than legal question.

  • May 13, 2025

    Pa. Sens. Reject Bill To Legalize Pot Through State-Run Shops

    A Pennsylvania Senate committee on Tuesday voted to reject a bill to legalize adult-use marijuana and regulate its sale via state-run stores.

  • May 13, 2025

    Pot Dispensary Asks Mo. High Court To Block County Taxes

    In incorporated areas of Missouri counties, a municipality's imposition of a 3% sales tax on adult-use cannabis supersedes a county's ability to impose its own additional tax, a dispensary told the Missouri Supreme Court during oral arguments Tuesday.

  • May 13, 2025

    Feds Want 2½ Years For Ex-Alvarez & Marsal CPA In Tax Case

    A onetime managing director at consulting firm Alvarez & Marsal should spend two-and-a-half years in prison as punishment for failing to file his personal taxes and lying on a mortgage application, prosecutors told a D.C. federal judge.

Expert Analysis

  • Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example

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    Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.

  • Perspectives

    Accountant-Owned Law Firms Could Blur Ethical Lines

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    KPMG’s recent application to open a legal practice in Arizona represents the first overture by an accounting firm to take advantage of the state’s relaxed law firm ownership rules, but enforcing and supervising the practice of law by nonattorneys could prove particularly challenging, says Seth Laver at Goldberg Segalla.

  • Trump's Energy Plans: Climate, Data Centers, LNG And More

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    With a host of executive orders addressing climate and emissions policies, expanded energy development, offshore and onshore projects, liquefied natural gas and more, the second Trump administration has already given energy companies much to consider, say attorneys at Gibson Dunn.

  • AI Will Soon Transform The E-Discovery Industrial Complex

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    Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder.

  • Unpacking The Legal Foundation Of Trump's New Trade War

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    President Donald Trump's recent executive orders and proclamations regarding emergencies at the U.S. border are based on statutory powers enabling a president to address extraordinary external threats — and could be used to fend off legal challenges to the tariffs levied on Mexican and Canadian goods, says Chris Zona at Mandelbaum Barrett.

  • Trump's Energy Plans: Funding, Permits And Nuclear Power

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    In the wake of President Donald Trump's flurry of first-day executive orders focusing on the energy sector, attorneys at Gibson Dunn analyze what this presidency will mean for energy-related grants and loans, changes to permitting processes and developments in nuclear power.

  • When Innovation Overwhelms The Rule Of Law

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    In an era where technology is rapidly evolving and artificial intelligence is seemingly everywhere, it’s worth asking if the law — both substantive precedent and procedural rules — can keep up with the light speed of innovation, says Reuben Guttman at Guttman Buschner.

  • What Compensation Committees Must Keep In Mind In 2025

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    New disclosure obligations, an evolving discussion on the analysis of executive perks and updated proxy adviser policies — on top of a new presidential administration — are all important things compensation committees must pay close attention to in 2025, say attorneys at Simpson Thacher.

  • Anticipating Direction Of Cosmetics Regulation Under Trump

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    It is unclear how cosmetics regulation reform from the last few years will fare under President Donald Trump, but the new administration's emphasis on deregulation and Robert F. Kennedy Jr.'s views on product safety provide some insight, say attorneys at Crowell & Moring.

  • IRS Basis-Shifting Rule Poses Notable Reporting Obligations

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    While the IRS’ recently finalized rule requiring partnerships to report certain related-party basis adjustment transactions is narrower than originally proposed, taxpayers and their advisers will still need to comb through myriad transactions to comply, say attorneys at Debevoise.

  • Imagine The Possibilities Of Openly Autistic Lawyering

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    Andi Mazingo at Lumen Law, who was diagnosed with autism about midway through her career, discusses how the legal profession can create inclusive workplaces that empower openly autistic lawyers and enhance innovation, and how neurodivergent attorneys can navigate the challenges and opportunities that come with disclosing one’s diagnosis.

  • Series

    Documentary Filmmaking Makes Me A Better Lawyer

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    Becoming a documentary filmmaker has allowed me to merge my legal expertise with my passion for storytelling, and has helped me to hone negotiation, critical thinking and problem-solving skills that are important to both endeavors, says Robert Darwell at Sheppard Mullin.

  • Litigation Funding Disclosure Debate: Strategy Considerations

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    In the ongoing debate over whether courts should require disclosure of litigation funding, funders and plaintiffs tend to argue against such mandates, but voluntarily disclosing limited details about a funding arrangement can actually confer certain benefits to plaintiffs in some scenarios, say Andrew Stulce and Marc Cavan at Longford Capital.

  • Top Considerations For Insurance Companies In 2025

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    As insurance industry participants look to plan for the year, regulatory changes, climate-related challenges, the ongoing effects of social inflation and the potential for significant mergers and acquisitions will be among the key items for insurer boards and management to have on their radar, say attorneys at Debevoise.

  • Scope And Nature Of Judicial Relief Will Affect Loper's Impact

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    The practical result of post-Loper Bright rulings against regulatory actions will depend on the relief courts grant — and there has been controversy in these types of cases over whether the ruling is applied just to the parties or nationwide, and whether the action can be left in place while it's corrected, says Steven Gordon at Holland & Knight.

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