The U.S. Tax Court improperly imposed additional accuracy-related penalties against a Florida business for deductions it took for microcaptive insurance expenses, the business' owner told the Eleventh Circuit, saying the T...(read more)

An Internal Revenue Service settlement officer abused her discretion by rejecting a San Francisco marijuana dispensary's bid to settle its tax debt for less than the full amount owed via an offer-in-compromise and in susta...(read more)

Facebook parent Meta urged the U.S. Tax Court to scrap part of its $16 billion tax bill, arguing that a recent decision in a related case blocks the Internal Revenue Service from allocating income based on transactions wit...(read more)

Conservation easement donors missed the 90-day window to dispute the IRS' asserted deficiencies stemming from what it said was their overstatement of the donated property's value, the U.S. government told the Eleventh Circ...(read more)

For counsel planning a personal phone collection as part of the litigation discovery process, it's important to take early steps to ensure that necessary information will be obtained without exposing unrelated information ...(read more)

The Treasury and IRS recently released proposed regulations for the permanent extension of the opportunity zones program, with key points including revocations of inadvertent qualified opportunity fund self-certifications,...(read more)

The Sixth Circuit on Tuesday approved Perrigo's voluntary dismissal of its challenge to a Michigan federal court's adjustments to its transfer pricing analysis in a dispute with the government over an intercompany assignme...(read more)

The nationwide tangle of litigation over the regulation of prediction markets grew as Robinhood challenged Missouri and OG.com sued Arkansas in separate suits to fend off potential state enforcement actions targeting the c...(read more)

A Michigan federal judge considered Tuesday whether to dismiss racketeering claims against a former mayor of the Wayne County city of Taylor who is accused of participating in a bribery scheme involving tax-foreclosed prop...(read more)

A Minnesota county isn't shielded from a parks worker's claim that its negligence caused her to spend $32,000 fighting a federal tax bill, a state appeals court said, reversing a lower court and allowing her suit against t...(read more)

Texas Democratic state lawmakers have introduced legislation to legalize and regulate the sale of recreational marijuana ahead of the state's legislative session, which is due to begin in January.

Kentucky's general fund revenue collection from July through October outpaced last year by $603 million, the Office of State Budget Director said in a report released Tuesday.

California will not enact a 5% tax to be levied once on the wealth of billionaires in the state, the Associated Press determined Monday.

Missouri was hit Monday with another lawsuit brought by a prediction market platform, this time with Polymarket filing a preemptive complaint to stave off a threatened gambling enforcement action by the state, as litigatio...(read more)

A landfill operator is suing a garbage collection company for £1.4 million ($1.8 million) in tax, alleging that the collection company switched deliveries of waste to the landfill operator's sites, according to a court fil...(read more)

Apple saved about $2.7 billion in taxes on profits it booked in Singapore, which has edged out Ireland as the foreign country where the tech giant reported the most tax breaks, according to the company's recent financial f...(read more)

Soccer clubs in the U.K. could collectively face as much as £45 million ($60.2 million) in extra yearly taxes from new image rights rules, HM Revenue & Customs said.

A U.S. Tax Court judge who heard from an Eaton Corp. tax official about the power management company's transfer pricing method Monday expressed frustration with the process used to extract data for the method, at one point...(read more)

A Tennessee federal judge reversed an order stopping the government from collecting an aircraft trader's $14 million tax debt, saying a bankruptcy court improperly concluded that the government's position that the debt cou...(read more)

Lululemon customers urged a Washington federal court to reject the retailer's requests to either toss their proposed class action over tariff costs or pause the case, arguing that the company shouldn't be able to reap both...(read more)

Canada can tax a family trust on about CA$2.95 million ($2.09 million) in capital gains based on a deemed disposition triggered by the trust's failure to divide its assets before its 21st anniversary, the Tax Court of Cana...(read more)