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IRS Aims To Limit Tax Credits For Authorized Immigrants
Fewer immigrants living in the U.S. legally would have access to refunds from individual tax credits under proposed regulations released Wednesday by the IRS that would link eligibility to welfare requirements rather than just work authorization.
Trump Delays Canada Tariffs, Says Deal Imminent
President Donald Trump delayed for three days 50% tariffs on select Canadian goods scheduled to take effect Wednesday in an effort to strike a deal with the Canadian government, he said late Tuesday evening.
Smithfield's Mass. Win Puts Group Tax Rules In Crosshairs
A recent Massachusetts tax board decision that said federal law protects a Smithfield entity's receipts from being included in the tax liabilities of the company's combined group may spur more challenges against key applications of states' combined reporting rules.
IRS Aims To Limit Tax Credits For Authorized Immigrants
Fewer immigrants living in the U.S. legally would have access to refunds from individual tax credits under proposed regulations released Wednesday by the IRS that would link eligibility to welfare requirements rather than just work authorization.
Trump Delays Canada Tariffs, Says Deal Imminent
President Donald Trump delayed for three days 50% tariffs on select Canadian goods scheduled to take effect Wednesday in an effort to strike a deal with the Canadian government, he said late Tuesday evening.
Smithfield's Mass. Win Puts Group Tax Rules In Crosshairs
A recent Massachusetts tax board decision that said federal law protects a Smithfield entity's receipts from being included in the tax liabilities of the company's combined group may spur more challenges against key applications of states' combined reporting rules.
Federal More
Forced labor guidance recently issued by the U.S. and the European Union have meaningful differences, with the U.S. taking a documentary approach to compliance and the EU emphasizing human rights risks as a go... (more story)
A U.S. Court of International Trade judge on Wednesday didn't commit to certifying a class of importers who paid tariffs under President Donald Trump's struck-down global regime, though the option seemed to intrigue him.
The U.S. Treasury Department proposed regulations Wednesday that would clarify the 2025 federal budget bill's changes to the tax treatment of domestic businesses that sell into foreign markets, including clari... (more story)
The IRS urged the Second Circuit to adopt the Fifth Circuit's narrow interpretation for determining whether a limited partner qualifies for a self-employment tax exemption, arguing that an investment firm's pr... (more story)
SCOTUSblog founder Thomas Goldstein on Tuesday asked to be released from federal custody while he appeals his 12 tax and mortgage fraud convictions and a six-year prison sentence, saying he is not a flight ris... (more story)
Sen. Ron Wyden, D-Ore., on Tuesday demanded answers about President Donald Trump granting a tariff exemption for diamonds shortly after being given a gem-coated watch, claiming the circumstances may be tantamo... (more story)
The deadline for filing a petition in the U.S. Tax Court isn't a jurisdictional bar that prevents the court from hearing a Maine company's late-filed challenge of a transferee liability notice for unpaid taxes... (more story)
State & Local More
NYC Tax Rolls Wrongly Published, Council Members Say
The rollout of New York City's pied-à-terre tax, which affects high-value second homes in the city, was slammed by City Council members and property owners at a committee hearing Tuesday amid an ongoing legal ... (more story)
CEO Says Ex-NJ AG Not Entitled To Immunity From Claims
A CEO of a development company said his lawsuit over a dismissed criminal racketeering case against him and New Jersey power broker George E. Norcross III should survive former state Attorney General Matt Plat... (more story)
Biz Pushes Class Cert. As Solution To IEEPA Refund Issues
The U.S. Court of International Trade should grant class certification to companies seeking refunds of duties paid under the invalidated global tariff regime, the company serving as a test case for the refunds... (more story)
Colo. Taxpayer Says $490M Court Project Violates TABOR
A Colorado county's decision to build a half-billion-dollar judicial center required voter approval under the state's Taxpayer's Bill of Rights, a county council member said in a suit, attempting to halt the project.
Chicago Auto Lease Tax Is Unconstitutional, Suit Says
A Chicago tax applied monthly to leased vehicles violates the state's constitution, a taxpayer told a state court, arguing the levy flouts the uniformity clause.
Rising Star: Baker McKenzie's Cameron Reilly
Baker McKenzie partner Cameron Reilly helped secure a key tax court ruling for FedEx Corp. to invalidate regulations on mandatory repatriation under the 2017 federal tax changes, and was a lead attorney in Fac... (more story)
Taxation With Representation: Miller Thomson, Bennett Jones
In this week's Taxation With Representation, GO Residential Real Estate Investment Trust and a consortium of buyers acquire H&R Real Estate Investment Trust, insurance exchange Accelerant goes private in a dea... (more story)
The rollout of New York City's pied-à-terre tax, which affects high-value second homes in the city, was slammed by City Council members and property owners at a committee hearing Tuesday amid an ongoing legal ... (more story)
A CEO of a development company said his lawsuit over a dismissed criminal racketeering case against him and New Jersey power broker George E. Norcross III should survive former state Attorney General Matt Plat... (more story)
The U.S. Court of International Trade should grant class certification to companies seeking refunds of duties paid under the invalidated global tariff regime, the company serving as a test case for the refunds... (more story)
A Colorado county's decision to build a half-billion-dollar judicial center required voter approval under the state's Taxpayer's Bill of Rights, a county council member said in a suit, attempting to halt the project.
A Chicago tax applied monthly to leased vehicles violates the state's constitution, a taxpayer told a state court, arguing the levy flouts the uniformity clause.
Baker McKenzie partner Cameron Reilly helped secure a key tax court ruling for FedEx Corp. to invalidate regulations on mandatory repatriation under the 2017 federal tax changes, and was a lead attorney in Fac... (more story)
In this week's Taxation With Representation, GO Residential Real Estate Investment Trust and a consortium of buyers acquire H&R Real Estate Investment Trust, insurance exchange Accelerant goes private in a dea... (more story)
International More
Director's 'Hijacked' ID Defense To £1.5M Tax Penalty Fails
A Scottish businesswoman found liable for a £1.49 million ($2 million) tax penalty over undeclared metal trading has lost her bid to blame an unknown fraudster after an Edinburgh tribunal ruled she didn't prov... (more story)
Floridian Waived Jury Right In $20M FBAR Case, Judge Says
A Florida federal judge upheld a nearly $20 million tax judgment against a dual U.S.-German citizen for undisclosed foreign bank account information, holding that he could not justify his delay in asserting hi... (more story)
HMRC Opens Registration For Tax Advisers
Britain's tax authority announced on Tuesday the opening of mandatory registration for tax advisers handling corporate tax matters.
Ex-Goldman Exec Ordered To Pay $860K For Not Filing FBAR
A D.C. federal judge on Monday ordered former Goldman Sachs banking executive Patricia L. Bowden to pay more than $860,000 in damages after she failed to take action in the federal government's lawsuit that al... (more story)
Pitney Bowes Hit With Tariff Refund Suit By EBay Users
EBay users hit Pitney Bowes Inc. with a breach of contract proposed class action Monday in Connecticut federal court alleging the global shipping and logistics company failed to return or refund them tariff-re... (more story)
Law Firm's Challenge To 2021 Statute Falls Short, Judge Says
A Georgia federal judge on Monday dismissed a lawsuit brought by an attorney and his firm alleging a 2021 law designed to combat money laundering could force the attorney to violate attorney-client privilege, ... (more story)
McKesson's $10M Tax Refund Bid Misreads Law, Gov't Says
The U.S. government urged a Texas federal court to uphold transfer pricing regulations that McKesson is challenging in its push for a nearly $10 million tax refund, arguing the pharmaceutical giant has taken a... (more story)
A Scottish businesswoman found liable for a £1.49 million ($2 million) tax penalty over undeclared metal trading has lost her bid to blame an unknown fraudster after an Edinburgh tribunal ruled she didn't prov... (more story)
A Florida federal judge upheld a nearly $20 million tax judgment against a dual U.S.-German citizen for undisclosed foreign bank account information, holding that he could not justify his delay in asserting hi... (more story)
Britain's tax authority announced on Tuesday the opening of mandatory registration for tax advisers handling corporate tax matters.
A D.C. federal judge on Monday ordered former Goldman Sachs banking executive Patricia L. Bowden to pay more than $860,000 in damages after she failed to take action in the federal government's lawsuit that al... (more story)
EBay users hit Pitney Bowes Inc. with a breach of contract proposed class action Monday in Connecticut federal court alleging the global shipping and logistics company failed to return or refund them tariff-re... (more story)
A Georgia federal judge on Monday dismissed a lawsuit brought by an attorney and his firm alleging a 2021 law designed to combat money laundering could force the attorney to violate attorney-client privilege, ... (more story)
The U.S. government urged a Texas federal court to uphold transfer pricing regulations that McKesson is challenging in its push for a nearly $10 million tax refund, arguing the pharmaceutical giant has taken a... (more story)