The U.S. Senate confirmed the nominations of two individuals to fill key positions at the U.S. Department of the Treasury in largely party-line votes Wednesday.
A man ordered to pay $9 million in restitution for his role in a multimillion-dollar call center scam can't appeal his restitution order because he waived his right to an appeal in his guilty plea, the Fifth Circuit said.
A lawyer jailed in Manhattan on charges of helping four former EY partners develop fraudulent tax shelters and failing to report $8 million of tax liability is eyeing a possible guilty plea, according to a Tuesday court filing.
An Illinois federal judge has been asked to approve a $5 million payday for attorneys who negotiated a $16.75 million settlement of investors' claims that pharmaceutical company AbbVie hid the risks of its failed $54 billion merger with Shire PLC.
Prime Minister Boris Johnson’s decision to suspend Parliament is a political issue that cannot be decided by the courts, a lawyer for Britain’s premier said Wednesday, telling the U.K. Supreme Court it would be “constitutionally inappropriate” to intervene.
President Donald Trump has not yet been harmed by a New York law allowing the U.S. House of Representatives to request his state tax information, a D.C. federal judge said Wednesday.
For accomplishments such as being the first female director of the Missouri Department of Revenue and later successfully battling the agency over consolidated return law, Thompson Coburn's Janette Lohman has earned a spot as one of Law360 Tax Authority’s Influential Women in Tax Law.
A Los Angeles Superior Court judge said Tuesday that he might abstain from hearing a complaint by the city of Los Angeles accusing the makers of TurboTax of tricking low-income taxpayers into buying tax preparation products, and a lawyer for the company said judgment in it and a similar lawsuit could lead to an "untenable" outcome.
The Ninth Circuit has affirmed the dismissal of investors’ claims that Canada’s Primero Mining Corp. hid questionable details about a ruling by a Mexican tax authority, saying Tuesday that U.S. courts can’t judge whether the Mexico ruling complied with local laws.
Cozen O’Connor has added a veteran tax attorney from Winstead PC to its public and project finance group in New York, the firm has said.
A group of tobacco associations and retailers urged Illinois’ high court on Tuesday to strike down a Chicago ordinance imposing a flat tax on non-cigarette tobacco products sold in the city, saying such a tax is preempted by the state’s municipal code.
A Senate appropriations subcommittee on Tuesday approved $11.41 billion in funding for the Internal Revenue Service for the 2020 fiscal year, with a $200 million increase for enforcement.
From helping to execute a complex energy megadeal to promoting inclusion at the highest level of the profession, Skadden Arps Slate Meagher & Flom LLP Washington, D.C., tax group leader Jessica A. Hough has earned her spot among Law360 Tax Authority’s Influential Women in Tax Law.
British Prime Minister Boris Johnson shut down Parliament as a “preemptive strike” intended to “silence” lawmakers trying to block his Brexit plans, a campaigner told the U.K. Supreme Court Tuesday at the start of one of the most important constitutional cases in the country’s history.
The leading lawmakers of the Senate Finance Committee have issued subpoenas for documents related to their investigation into potential abuses of a tax break meant to encourage land conservation, they said Monday.
The Second Circuit ruled Monday a lower court had no authority to decide whether Pfizer is owed $8.3 million in interest on taxes overpaid to the Internal Revenue Service, sending the case to the U.S. Court of Federal Claims instead.
The federal government threw its weight behind a tax cut advocacy group's lawsuit looking to invalidate a California program that funnels a portion of workers' pay into an individual retirement account, saying the Employee Retirement Income Security Act preempts the state law that created the CalSavers program.
Two Prudential Financial Inc. subsidiaries must pay $32.6 million after the U.S. Securities and Exchange Commission charged them Monday with failing to disclose conflicts of interest and making misleading disclosures to their advised funds.
From a U.S. Tax Court win that spurred Congress to amend a law, to becoming the first female to serve as acting chief counsel to the IRS, Thompson & Knight LLP's powerhouse Emily A. Parker has earned her spot among Law360 Tax Authority's Influential Women in Tax Law.
The IRS' proposal to eliminate a safe harbor for calculating built-in gains and losses under ownership changes may make distressed companies less attractive because it may reduce the value of tax benefits that can be passed on to acquiring companies.
British American Tobacco and a Pearson unit have piled onto appeals of a European Union state aid decision finding that the U.K. gave some multinationals an advantage by exempting them from anti-tax avoidance rules.
The IRS said Monday it has begun sending letters to up to 200 companies it says engaged in abusive microcaptive insurance transactions offering to settle open investigations into the arrangements in exchange for forgoing tax benefits and agreeing to penalties.
President Donald Trump’s lawsuit, in which he is attempting to block the enforcement of a state law that could provide Congress with his state tax returns, belongs in New York court, New York officials told a D.C. federal court Friday.
California’s law requiring presidential candidates to submit tax returns to appear on the state's primary ballot likely exceeds the state’s power to regulate federal elections and should be suspended pending judicial review, President Donald Trump has told a federal court.
In this week’s Taxation With Representation, Midwestern banks First Defiance and United Community Financial ink a $473 million merger, Mallinckrodt makes a $250 million sale, Baxter snaps up Cheetah Medical for $230 million, and Stellex Capital sells Morbark for $352 million.
Law360 is proud to present a new series profiling a select group of women in tax law, spotlighting attorneys who have provided outstanding service to their clients and the public, changing the dynamics at their workplaces while they did so.
The IRS has started mailing letters to cryptocurrency users warning they could face penalties or worse if they don't properly report transactions and pay taxes on them. Law360 explores important considerations for cryptocurrency users who have received such a letter.
As heat waves spread across the country, tax lawyers’ thoughts may wander from opportunity zones and global intangible low-taxed income regulations to relaxing by the pool with an entertaining book in hand. Here are 10 books tax practitioners should read.
One year ago, our firm signed the American Bar Association's well-being pledge and embraced a commitment to providing on-site behavioral health resources, which has since become a key aspect of our well-being program, say Meg Meserole and Kimberly Merkel at Akin Gump.
Proposed regulations released by the IRS last week would adversely affect many companies involved in M&A transactions and restructurings by substantially restricting their ability to use net operating losses and built-in gains after an ownership change, say attorneys at Paul Weiss.
After our firm signed the American Bar Association’s well-being pledge one year ago, we launched two key programs that included weekly meditation sessions and monthly on-site chair massages to help people address both the mental and physical aspects of working at a law firm, says Marci Eisenstein at Schiff Hardin.
In their recap of New York's recent tax highlights, Timothy Noonan and Craig Reilly of Hodgson Russ discuss the New York City financial plan through 2023, the new industrial development agency transparency requirement and three notable Tax Appeals Tribunal decisions.
As jurisdictions around the world adapt and modernize to capture revenue that would otherwise escape taxation under frameworks put in place long before today’s technology existed, digital health companies face rising tax uncertainty, say Kathleen Gregor and Elizabeth Smith of Ropes & Gray.
The early and prompt provision of samples from all electronically stored information sources as a part of ESI protocol search methodology is consistent with the Federal Rules of Civil Procedure and may allow for significant cost savings during discovery, says Zachary Caplan at Berger Montague.
Legislation poised to expand California’s False Claims Act to include tax cases recently stalled, but in New York similar legislation provided whistleblowers with incentive to come forward and earned the state revenue, says Justin Wagner, a former assistant attorney general in New York's Taxpayer Protection Bureau.
Three recent federal tax cases show how the U.S. Supreme Court's June decision in Kisor v. Wilkie, substantially restricting agency deference, is affecting interpretation of the many regulations and guidance issued post-tax reform, say Andrew Roberson and Kevin Spencer at McDermott.
On Tuesday, the EU General Court will hear an appeal to a European Commission decision ordering Apple to repay €14.3 billion in taxes and interest to Ireland. This case triggers important questions of a member country’s range of discretion in granting tax incentives to nonresident companies, says Joyce Beebe of Rice University.
In the absence of a federal rule governing deposition location, federal courts are frequently called on to resolve objections to out-of-state deposition notices. Recent decisions reveal what information is crucial to courts in making the determination, says Kevin O’Brien at Porter Wright.
Federal Rule of Civil Procedure 57 and its state counterparts provide a method for expediting claims for declaratory judgment that warrants closer attention than it has historically received from litigants and courts, say attorneys at Gibson Dunn.
When Canadian Bianca Andreescu won the 2019 U.S. Open, she probably wasn’t thinking about how that affected her taxes, but it is increasingly critical for foreign athletes and entertainers to become educated regarding the United States’ taxation of their income, say Jason Dimopoulos and Thomas Linguanti at Morgan Lewis.
Lawyers across firms and organizations can encourage a culture of compliance and minimize the risk of an audit by establishing procedures to track meal and entertainment expenses in line with the most recent federal and state tax rules, says Michael Barg at Margolin Winer.
The recently passed Pennsylvania budget bill included significant changes in the areas of personal income, sales and use, and estate tax, says Jennifer Karpchuk of Chamberlain Hrdlicka.
My conservative, Catholic parents never skipped a beat when accepting that I was gay, and encouraged me to follow my dreams wherever they might lead. But I did not expect they would lead to the law, until I met an inspiring college professor, says James Holmes of Clyde & Co.