Federal

  • January 21, 2022

    Calif. Tribal Co. Urges Justices To Upend 9th Circ. Tax Ruling

    A Big Sandy Rancheria Band of West Mono Indians company has urged the U.S. Supreme Court to take up its bid to challenge California's tax on intertribal cigarette sales, saying the company has the status of a federally recognized tribe and Congress meant for tribes to be able to sue over taxes preempted by federal laws.

  • January 21, 2022

    IRS Chief Counsel Wants To Hire Up To 200 More Attorneys

    The Internal Revenue Service Office of Chief Counsel is looking to hire as many as 200 more attorneys to take on abusive tax schemes, the agency said Friday.

  • January 21, 2022

    DC Circ. Should Remand Whistleblower Case, Gov. Says

    The D.C. Circuit should vacate a Tax Court decision that the Internal Revenue Service's whistleblower office rightly denied an award and remand the case for dismissal, because the Tax Court lacked jurisdiction, the U.S. government said Friday.

  • January 21, 2022

    Feds Say Nursing Home Owner Dodged $29.5M Payroll Tax Bill

    A Suffern, New York, businessman has been accused of failing to remit $29.5 million in payroll taxes in connection with his mulitstate nursing home chain, according to New Jersey federal prosecutors.

  • January 21, 2022

    Tax Court Denies Ride-Hail Driver $30K In Vehicle Deductions

    The U.S. Tax Court on Friday denied a Georgia man almost $30,500 in tax deductions he claimed for car expenses related to his work as a ride-hailing driver in 2017.

  • January 21, 2022

    US Urges Partial Early Win In Couple's $1.2M Tax Case

    A couple jointly owe $1.2 million in income tax liabilities from 2008 through 2014 because the Internal Revenue Service's assessments against them have not been rebutted, the government told an Illinois federal court.

  • January 21, 2022

    Tax Group Of The Year: Skadden

    Skadden Arps Slate Meagher & Flom LLP's tax practice earned key victories in 2021, earning it a spot among Law360's 2021 Tax Groups Of The Year. Those victories include aiding Livongo Health Inc.

  • January 21, 2022

    Ex-Mass. Mayor Cites Omicron In 2nd Bid To Delay Prison

    Former Massachusetts Mayor Jasiel Correia on Friday asked a federal judge to delay the start of his six-year prison term for a corruption conviction, citing the omicron variant and the fact that his alleged co-conspirator has yet to be tried.

  • January 21, 2022

    Weekly Internal Revenue Bulletin

    The Internal Revenue Service's weekly bulletin included the taxable wage base used to calculate covered compensation for employee retirement plans for the 2022 tax year.

  • January 20, 2022

    Tax Refund Delays Linger As Lawmakers Dispute IRS Funding

    Bipartisan frustration over IRS delays in sending out last year's tax refunds is boiling over on Capitol Hill, but lawmakers appear too busy blaming each other for the agency's funding woes to reach a workable solution for their constituents.

  • January 20, 2022

    Whirlpool Asks 6th Circ. To Rehear $45M Foreign Income Case

    Whirlpool asked the Sixth Circuit on Thursday to reconsider its December decision holding that the company owed taxes for more than $45 million in income relating to operations a Luxembourg subsidiary conducted in Mexico. 

  • January 20, 2022

    Software CEO Asks Court To Abate IRS Jeopardy Assessment

    An Internal Revenue Service jeopardy assessment against software CEO Robert T. Brockman for alleged income tax liabilities should be abated, he told a Texas federal court Thursday.

  • January 20, 2022

    German Man Owes $1M In FBAR Penalties, US Tells Court

    A German man who lives in the U.S. owes over $1 million in penalties after failing to report his foreign bank accounts for eight years, the government said in a complaint filed in a Florida federal court.

  • January 20, 2022

    11th Circ. Won't Lift Accounting Firm's Tax Prep Ban

    A Florida federal court did no wrong in deciding to permanently enjoin an accounting firm and its owner from participating in tax preparation services, the Eleventh Circuit said Thursday, affirming the lower court.

  • January 20, 2022

    Pension Plan Segment Rates Drop In January

    All three segment rates for calculating pension plan funding dropped in January, the Internal Revenue Service said Thursday.

  • January 20, 2022

    House Bill Would Nix IOC's Tax Exemption

    A bill introduced in the U.S. House of Representatives would revoke the International Olympic Committee's tax-exempt status.

  • January 20, 2022

    Tax Group Of The Year: Latham & Watkins

    For work by its transactional tax and tax controversy practice groups — including advising online optician Warby Parker on tax aspects of its direct listing — Latham & Watkins LLP has been named as one of Law360's 2021 Tax Groups of the Year.

  • January 19, 2022

    Altria Wins $9.3M Tax Refund Over Settlement Payment

    Tobacco giant Altria won a $9.3 million tax refund from the Internal Revenue Service on Wednesday, with a Virginia federal judge ruling that a portion of a settlement paid to the state of Oregon could be deducted.

  • January 19, 2022

    Biden Says BBB Act Likely To Get Split Up

    Faced with solid Republican opposition in Congress to his domestic agenda, President Joe Biden proposed Wednesday splitting the $1.75 trillion Build Back Better Act into separate pieces but said he wasn't sure the expanded child tax credit would be included. 

  • January 19, 2022

    Treasury Tells 6th Circ. To Reverse 'Tax Mandate' Ruling

    Kentucky and Tennessee have not established a concrete controversy in complaining that the coronavirus relief fund's so-called tax mandate prevents them from cutting taxes and a decision on their behalf should be reversed, the federal government told the Sixth Circuit.

  • January 19, 2022

    Mattel, Investors Get OK On $98M Deal Over Tax Misstatement

    A California federal judge preliminarily approved a $98 million settlement in a class action brought by investors against Mattel and PwC claiming the companies misled them by understating an income tax expense and conspiring to conceal the error.

  • January 19, 2022

    Tax Court Review No Longer Requires Employment Tax Notice

    An employment tax determination notice is no longer required before taxpayers can get a U.S. Tax Court review of Internal Revenue Service determinations regarding worker classification or entitlement to certain relief, the agency said Wednesday.

  • January 19, 2022

    Tax Court Denies Ariz. Man Relief From Joint Liability

    An Arizona man can't get relief from joint tax liabilities for 2015 and 2016 on returns he filed with his then-wife, the U.S. Tax Court said Wednesday.

  • January 19, 2022

    US Seeks $450K Judgment For Bad Tax Refunds

    The U.S. government urged a Pennsylvania federal court to hand it an early win on its claims that a taxpayer overstated her income tax withholdings and received more than $450,000 in erroneous tax refunds as a result.

  • January 19, 2022

    Latham Grows Exec Compensation Practice With Sidley Atty

    Latham & Watkins LLP is boosting its executive compensation, employment and benefits practice with the addition of a former Sidley Austin LLP partner to its Chicago office, according to the firm.

Featured Stories

  • Tax Refund Delays Linger As Lawmakers Dispute IRS Funding

    No Photo Available

    Bipartisan frustration over IRS delays in sending out last year's tax refunds is boiling over on Capitol Hill, but lawmakers appear too busy blaming each other for the agency's funding woes to reach a workable solution for their constituents.

  • Dems Press Manchin On BBB Act's Coal Tax Provisions

    Alan K. Ota

    Sen. Joe Manchin, D-W.Va., faces pressure from colleagues and stakeholders to advance his own stalled tax priorities for coal miners as part of a broader push to clear the way for Senate passage of Democrats' Build Back Better Act.

  • 'Mass Market' Tax Shelter Era Still Dogging BigLaw

    No Photo Available

    A long-tail malpractice suit against Proskauer Rose LLP now at Georgia's top court evokes an era of labyrinthine tax schemes promoted by prestigious accounting firms, eye-popping fines — and plenty of criticism of BigLaw's role in hiding wealthy clients from the taxman.

Expert Analysis

  • How Justices May Interpret Statutory Time Bar In Tax Context

    Author Photo

    In Boechler PC v. Commissioner, the U.S. Supreme Court will rule on whether a tax court filing deadline acts as a jurisdictional limitation, and whether to broaden a jurisprudential trend that requires Congress to clearly state its intent if statutory time periods are to limit jurisdiction, say Saul Mezei and Terrell Ussing at Gibson Dunn.

  • Money Laundering Regs Too Unwieldy To Police Art Market

    Author Photo

    As the arts and antiquities trade awaits the U.S. Department of the Treasury's new money laundering regulations — which apply the Bank Secrecy Act to the arts for the first time — whether they are reasonable, optimal or practical remains in question, says Alexandra Darraby at The Art Law Firm.

  • Why US Businesses May Stop Accepting Cryptocurrency

    Author Photo

    New reporting requirements from the IRS and Financial Crimes Enforcement Network could be game changers that dramatically curtail U.S. businesses that accept cryptocurrency, says cybersecurity consultant John Reed Stark.

  • The Highs And Lows Of Tax Controversy In 2021

    Author Photo

    Lawrence Hill at Steptoe & Johnson reviews the ups and downs of tax controversy practice in 2021, including the continued effects of the pandemic, troubling decisions on attorney-client privilege and an IRS comeback on transfer pricing.

  • A Look At Tax Treatment Of Noncompetes In M&A: Part 2

    Excerpt from Practical Guidance
    Author Photo

    Covenants that restrict a seller of business assets from competing against the purchasing party can be prone to challenges because the allocation of value to intangible assets is a subjective exercise with significant tax implications that may affect the merits of the deal, says Peter Miller at LexisNexis.

  • A Look At Tax Treatment Of Noncompetes In M&A: Part 1

    Excerpt from Practical Guidance
    Author Photo

    In negotiating to consummate a deal, parties must pay attention to the tax consequences of covenants that restrict a seller of business assets from competing against the purchasing party, says Peter Miller at LexisNexis.

  • How Budget Bill Could Affect Employer Health, Benefit Plans

    Author Photo

    Following the House's recent passage of President Joe Biden’s $1.75 trillion spending bill — the Build Back Better Act — employers should carefully consider several of the proposal’s health care and benefits provisions, which could pose immediate compliance challenges if the act is signed into law this year, say Anne Hall and Tim Kennedy at Hall Benefits Law.

  • 3 Forces That Will Define Sales Tax Compliance In 2022

    Author Photo

    As we head into 2022, it's likely that many of the legal and cultural shifts we saw this year — such as increased adoption of economic nexus and marketplace facilitator laws, growth in state budgets and continuation of remote work — will define sales tax compliance in the new year, says Liz Armbruester at Avalara.

  • When And How To Depose Fact Witnesses Remotely In 2022

    Author Photo

    Tim Tryniecki and Thomas Mudd at MG+M offer a series of practice tips for successfully conducting remote depositions of often-inexperienced fact witnesses, as the virtual court proceedings sparked by COVID-19 look set to become a part of the legal landscape next year.

  • EU, US Carbon Import Tax Proposals: What Cos. Must Know

    Author Photo

    With the European Union working on a carbon border adjustment mechanism, and congressional Democrats formulating their own carbon import tax plans, U.S. businesses — especially those in emissions-intensive, trade-exposed industry sectors — could face adverse trade effects, supply chain problems and increased transactional costs, say attorneys at Hogan Lovells.

  • Navigating CARES Act Social Security Tax Deferral Payments

    Author Photo

    Attorneys at Morgan Lewis examine Internal Revenue Service guidance on payment of employer-share social security tax deferrals due Jan. 3 under the Coronavirus Aid Relief and Economic Security Act, and offer tips for avoiding costly underpayment and late deposit penalties.

  • Tech Improvements That Can Help Gov't Tackle FOIA Backlog

    Author Photo

    Government agencies can implement effective technological solutions that will help them address the growing backlog of Freedom of Information Act requests, and avoid costly noncompliance litigation, by taking steps to identify agency-specific needs, develop cohesive strategies and obtain leadership buy-in, say Ken Koch and Erica Spector at KPMG.

  • IRS Memo Helps Clarify Research Credit Filing Requirements

    Author Photo

    A recently published Internal Revenue Service chief counsel memorandum offers long-awaited guidance about information requirements for taxpayers seeking research credit refunds and provides helpful notice of the agency’s litigating position where credits are denied, say Deborah Roth and Brian Coddington at Source Advisors.