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Latest News in Compliance

• February 28, 2026

  2nd Circuit Says IRS Can Apply Foreign Biz Reporting Penalty

  The Internal Revenue Service may use administrative assessment to collect penalties from a taxpayer for failing to report control of a foreign business from 2005 to 2009, the Second Circuit held Friday, vacating a U.S. Tax Court ruling.

• February 27, 2026

  Meta Targets Chinese Co. For 'Celeb-Bait' Ad Fraud Scheme

  Meta Platforms Inc. has sued a Chinese technology company for what it described as a "celeb-bait" advertising scheme in which celebrities are featured in ads without their consent with the goal of tricking customers into clicking on them, according to a suit filed in California federal court.

• February 27, 2026

  NetChoice Gets Va. Social Media Limits For Kids Blocked

  A Virginia federal judge Friday preliminarily halted enforcement of the commonwealth's new law that limits children's access to social media, saying a trade group representing Meta Platforms, Google and other tech companies is likely to succeed on its contention that the law violates the First Amendment.

• February 27, 2026

  Alabama ISP Wants To Pay Less For Rural Program Default

  An Alabama telecom that won't be able to bring internet to five of the 26 rural census block groups it signed up for is hoping the Federal Communications Commission will allow it into a program that will give it time to pay back what it owes.

• February 27, 2026

  Exxon's Bid To Pause Tribes' Climate Suit Met With Skepticism

  A Washington state judge expressed reluctance on Friday to grant Exxon and other oil giants' request to pause two tribal lawsuits alleging a decades-long campaign to downplay the harm of fossil fuels until the U.S. Supreme Court weighs in on the viability of climate torts in a Colorado case.

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