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Mich. Panel Says Gauze, Gloves Not Tax-Exempt Prosthetics
A Michigan appellate court panel has affirmed a tax ruling against a medical equipment company, holding that prescription gauze, bandages, gloves, wound dressings and related supplies sold to disabled patients do not qualify as tax-exempt prosthetic devices under the state's General Sales Tax Act.
DOJ Adds Sweeping Tax Audit Relief To Trump-IRS Settlement
The U.S. Department of Justice on Tuesday released an addendum to the settlement of President Donald Trump's suit against the IRS over the leak of his tax return information that bars the agency from investigating any pending matters against Trump.
IRS Finalizes Changes To Partnership Interest Sales
The IRS issued final regulations Tuesday that remove a requirement for partnerships to include information in tax returns to help partners who sold interests in businesses with noncapital assets determine their gain or loss, preserving the rules as proposed last year.
Mich. Panel Says Gauze, Gloves Not Tax-Exempt Prosthetics
A Michigan appellate court panel has affirmed a tax ruling against a medical equipment company, holding that prescription gauze, bandages, gloves, wound dressings and related supplies sold to disabled patients do not qualify as tax-exempt prosthetic devices under the state's General Sales Tax Act.
DOJ Adds Sweeping Tax Audit Relief To Trump-IRS Settlement
The U.S. Department of Justice on Tuesday released an addendum to the settlement of President Donald Trump's suit against the IRS over the leak of his tax return information that bars the agency from investigating any pending matters against Trump.
IRS Finalizes Changes To Partnership Interest Sales
The IRS issued final regulations Tuesday that remove a requirement for partnerships to include information in tax returns to help partners who sold interests in businesses with noncapital assets determine their gain or loss, preserving the rules as proposed last year.
Federal More
The federal government's arguments to stay a permanent injunction against the collection of President Donald Trump's temporary global duties for two small businesses and the state of Washington while it appeal... (more story)
The former boss of a Connecticut strip club admitted Tuesday that he failed to pay taxes on income derived from prostitution and ripped off a COVID-19 relief program, and he will forfeit more than $1.5 million... (more story)
Costco urged an Illinois federal court to toss a putative consumer class action seeking to recoup the higher costs that shoppers paid under President Donald Trump's global tariffs, contending that the case is ... (more story)
Acting Attorney General Todd Blanche argued before a Senate committee on Tuesday that the nearly $1.8 billion settlement fund announced on Monday as part of the president's settlement with the Internal Revenue... (more story)
A trio of partnerships with the same Florida address are contesting in the U.S. Tax Court the total denied deductions of over $113 million, a combined $41.9 million in tax assessments and total penalties of $1... (more story)
The U.S. Government Accountability Office said the IRS did not unreasonably restrict competition in its search for a company to help the agency migrate to a new platform, finding the listed requirements were justified.
Maynard Nexsen PC announced that it has added a partner to the firm's tax practice group from Nelson Mullins Riley & Scarborough LLP, adding that the Charlotte, North Carolina, hire brings expertise in transac... (more story)
State & Local More
Amazon Keeps Tenn. Sales Tax Suit In Wash. Federal Court
A Tennessee shopper's proposed class action accusing Amazon of collecting excessive sales tax will remain in Washington federal court, a Seattle judge ruled Monday, concluding that the case's value "more likel... (more story)
Trump, Niece Near Resolution Over Tax Records Leak
Lawyers for President Donald Trump and his niece Mary Trump told a New York court Tuesday that they may be approaching a settlement of his suit against her for sharing his tax records with The New York Times, ... (more story)
Hookah Tobacco Co. Seeks Fla. Justices' Review Of Tax Law
A Florida state appeals court misapplied precedent instructing how to interpret ambiguous tax laws when it found a company's hookah tobacco products subject to the state's tobacco tax, the business argued in a... (more story)
K&L Gates Tax Trio Joins Holland & Knight In Dallas
Holland & Knight LLP announced Monday that three Dallas-based state and local tax attorneys from K&L Gates LLP have joined the firm's tax, executive compensation and benefits practice.
Judges On AI: How Courts Can Survive The Tech Revolution
Colorado Supreme Court Justice Maria Berkenkotter and Colorado Court of Appeals Judge Lino Lipinsky de Orlov discuss how artificial intelligence has already fundamentally altered the legal system and offer tip... (more story)
Colo. Lawmakers OK Tax Cuts To Offset Funding Shift Plan
Legislation passed by Colorado lawmakers would adjust the state's transportation funding and cut taxes that fund highway needs to avoid a potential budget crunch from a proposed ballot measure that would shift... (more story)
La. Cancer Center Gets Public Service Property Tax Break
A Louisiana cancer treatment center that is owned by a public hospital satisfies the requirements for a property tax exemption for property used for a public purpose because the public hospital is considered a... (more story)
A Tennessee shopper's proposed class action accusing Amazon of collecting excessive sales tax will remain in Washington federal court, a Seattle judge ruled Monday, concluding that the case's value "more likel... (more story)
Lawyers for President Donald Trump and his niece Mary Trump told a New York court Tuesday that they may be approaching a settlement of his suit against her for sharing his tax records with The New York Times, ... (more story)
A Florida state appeals court misapplied precedent instructing how to interpret ambiguous tax laws when it found a company's hookah tobacco products subject to the state's tobacco tax, the business argued in a... (more story)
Holland & Knight LLP announced Monday that three Dallas-based state and local tax attorneys from K&L Gates LLP have joined the firm's tax, executive compensation and benefits practice.
Colorado Supreme Court Justice Maria Berkenkotter and Colorado Court of Appeals Judge Lino Lipinsky de Orlov discuss how artificial intelligence has already fundamentally altered the legal system and offer tip... (more story)
Legislation passed by Colorado lawmakers would adjust the state's transportation funding and cut taxes that fund highway needs to avoid a potential budget crunch from a proposed ballot measure that would shift... (more story)
A Louisiana cancer treatment center that is owned by a public hospital satisfies the requirements for a property tax exemption for property used for a public purpose because the public hospital is considered a... (more story)
International More
Ex-Austrian Bank CEO To Plead Out In $170M Odebrecht Case
The former CEO of Austrian lender Meinl Bank AG who was extradited from the U.K. has reached a tentative deal to resolve criminal charges that he helped Odebrecht SA hide $170 million in funds used to bribe of... (more story)
HMRC Wins Appeal In £56M Supplements Dispute
A supplements provider can rely only on expert evidence limited to the nutritional quality of the products in a £56 million ($75 million) value-added tax dispute with HM Revenue & Customs, a London tribunal sa... (more story)
Some Gov'ts To Waive Late Filing Fees For Global Min. Tax
Most jurisdictions with global minimum tax measures have agreed to waive late-filing penalties this year if they lack the means to receive the first specialized tax returns due under the system and if companie... (more story)
HMRC Says Scottish Power Owes Tax On £28M Redress
HM Revenue and Customs told the U.K. Supreme Court Monday that ScottishPower can't dodge paying tax on just over £28 million ($38 million) in redress payments that the energy company made after being investiga... (more story)
DC Circ. Hears Russia's Bid To Block $5B Yukos Award
The Russian Federation's constitution and statutes make clear that Vladimir Putin's administration and Yukos Oil Co.'s financing arm didn't have a valid agreement to arbitrate a dispute that resulted in a near... (more story)
Senators Seek Info From SBA On Tariff Loan Gap
The top Democratic lawmakers on the U.S. Senate Finance and Senate Small Business committees asked the Small Business Administration for information regarding loans for companies seeking assistance following i... (more story)
Wealth Inequality Worsened By Tax Gap, Think Tank Says
The tax gap is contributing to the inequality of wealth in the U.K. that has resulted in 350 individuals and families having a combined wealth equivalent to around a quarter of the country's gross domestic pro... (more story)
The former CEO of Austrian lender Meinl Bank AG who was extradited from the U.K. has reached a tentative deal to resolve criminal charges that he helped Odebrecht SA hide $170 million in funds used to bribe of... (more story)
A supplements provider can rely only on expert evidence limited to the nutritional quality of the products in a £56 million ($75 million) value-added tax dispute with HM Revenue & Customs, a London tribunal sa... (more story)
Most jurisdictions with global minimum tax measures have agreed to waive late-filing penalties this year if they lack the means to receive the first specialized tax returns due under the system and if companie... (more story)
HM Revenue and Customs told the U.K. Supreme Court Monday that ScottishPower can't dodge paying tax on just over £28 million ($38 million) in redress payments that the energy company made after being investiga... (more story)
The Russian Federation's constitution and statutes make clear that Vladimir Putin's administration and Yukos Oil Co.'s financing arm didn't have a valid agreement to arbitrate a dispute that resulted in a near... (more story)
The top Democratic lawmakers on the U.S. Senate Finance and Senate Small Business committees asked the Small Business Administration for information regarding loans for companies seeking assistance following i... (more story)
The tax gap is contributing to the inequality of wealth in the U.K. that has resulted in 350 individuals and families having a combined wealth equivalent to around a quarter of the country's gross domestic pro... (more story)