Federal
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January 13, 2026
NC Tech Exec Urges 4th Circ. To Delay Sentence Amid Appeal
A North Carolina software executive convicted of failing to pay employment taxes has asked the Fourth Circuit to delay the start of his 366-day prison sentence while his appeal is pending before the court.
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January 13, 2026
House GOP Floats Framework For 2nd Tax, Reconciliation BIll
House Republicans laid out their blueprint Tuesday for a budget reconciliation bill this year that would address affordability, outlining goals of eliminating capital gains tax on home sales to first-time homebuyers and repealing the estate tax.
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January 13, 2026
Global Min. Tax Remains Robust After US Deal, OECD Says
Officials from the Organization for Economic Cooperation and Development pushed back Tuesday against the idea that the U.S. had been carved out from the global minimum tax, saying the project remains robust.
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January 13, 2026
IRS Defeats Whistleblower Award Case Over Target's Books
The U.S. Tax Court sided with the IRS on Tuesday in a whistleblower dispute accusing the agency of not rewarding a person who called out Target Corp. for what he said were manipulative inventory purchases to get favorable tax treatment.
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January 13, 2026
Express Scripts' Services Not Tax-Deductible, 8th Circ. Told
Express Scripts is not entitled to a domestic production tax deduction for pharmacy management services delivered through its in-house software, the federal government told the Eighth Circuit, arguing the company had mischaracterized those services as a software sale eligible for the incentive.
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January 13, 2026
Pair Say IRS Records Undercut US In $1.8M Tax Dispute
Internal Revenue Service documents show that a formerly married couple's refund claim was properly received, undermining the government's position that they improperly filed a refund claim for tax penalties of over $1.8 million relating to a foreign trust, they told a Pennsylvania federal court.
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January 13, 2026
IRS Asks 3rd Circ. To Uphold $100M Bill Against Hedge Fund
The Internal Revenue Service urged the Third Circuit to uphold a $100 million tax bill against a Cayman Islands hedge fund, arguing that the fund's U.S.-based investment manager carried out a domestic business beyond merely securing capital.
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January 13, 2026
Sen. Warren Questions SEC On Crypto In 401(k) Plans
Sen. Elizabeth Warren sent a letter to the U.S. Securities and Exchange Commission in advance of a banking committee vote on cryptocurrency market structure legislation, asking how the agency will protect investors as the administration also pushes to broaden access to cryptocurrency in 401(k) retirement plans.
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January 13, 2026
Simpson Thacher, JZ Legal Guide $105M Brooklyn Resi Buy
The Carlyle Group and Z+G Property Group acquired a New York City multifamily property in a $105 million deal from a joint venture between Joyland Management, Meral Property Group and The Loketch Group that was advised by Simpson Thacher & Bartlett LLP and JZ Legal.
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January 13, 2026
IRS Updates Corp. Bond Monthly Yield Curve For January
The Internal Revenue Service updated the corporate bond monthly yield curve used in calculations for defined benefit plans for January on Tuesday, as well as corresponding segment rates and the interest rate for 30-year U.S. Treasury Department securities.
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January 12, 2026
The Issues That Could Decide The Tom Goldstein Tax Case
Federal prosecutors are set to begin making their case against famed U.S. Supreme Court lawyer and SCOTUSblog founder Tom Goldstein at trial Wednesday, alleging that he deliberately hid millions of dollars in high-stakes poker winnings from the Internal Revenue Service between 2016 and 2021 and lied on mortgage applications.
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January 12, 2026
Trump Says 25% Tariff Incoming For Iranian Biz Dealings
Any country with economic ties to Iran could face a 25% tariff immediately on their goods exported to the U.S., President Donald Trump said Monday on social media.
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January 12, 2026
Lawmakers Float $11.2 Billion IRS Budget Agreement For 2026
House lawmakers could vote Wednesday on an $11.2 billion Internal Revenue Service budget as part of an agreement reached with the Senate to fund the U.S. Department of the Treasury and U.S. Department of State for fiscal year 2026.
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January 12, 2026
Tax Court Won't Revisit Ga. Quarry $10M Easement Loss
The U.S. Tax Court refused to reconsider a November decision denying a Georgia partnership's $10 million conservation easement tax deduction tied to an unused quarry, saying the partnership offered no unusual circumstances or substantial errors that would compel the court to revisit the case.
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January 12, 2026
High Court Declines To Hear Michigan Tax Foreclosure Case
The U.S. Supreme Court declined Monday to hear a property owner's case alleging that a Michigan county improperly kept the excess proceeds of her tax-foreclosed home sale.
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January 12, 2026
Justices Won't Look At Michigan's Foreclosure Sale Rule
The U.S. Supreme Court declined Monday to review three cases that ask whether Michigan's process to claim surplus proceeds after a tax foreclosure sale violates the takings and due process clauses.
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January 12, 2026
Solar Co. Blames Broker's Error For $6M Tariff Bill
A renewable energy company wants its customs broker and agent held responsible for over $6 million in antidumping and countervailing duties it had to pay on imported solar panels due to the broker's alleged failure to properly record them.
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January 12, 2026
Gov't Defends IRS, SSA Handing Taxpayer Data To ICE
The Trump administration has asked a Massachusetts federal judge to dismiss a lawsuit that seeks to block the Internal Revenue Service and the Social Security Administration from sharing taxpayer addresses with immigration enforcement officials, saying the data sharing pacts are legal.
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January 12, 2026
Justices Won't Review Truck Co.'s $268M Tax Break Denial
The U.S. Supreme Court declined Monday to review a Sixth Circuit decision finding that a Tennessee truck company seeking $268 million in excise tax exemptions might not qualify because the company's refurbished tractors may have been previously sold to tax-exempt buyers.
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January 12, 2026
Justices Nix Petition On Legal Malpractice Arbitration
The U.S. Supreme Court declined Monday to review a petition that sought clarity on whether a court or arbitrator decides the issue of class arbitrability when the parties incorporate certain arbitral rules, in a long, winding legal malpractice dispute involving Louisiana medical companies.
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January 12, 2026
Justices Won't Review Ore. Tax On Delta's Intangibles
The U.S. Supreme Court said Monday that it won't review Oregon's taxation of Delta Air Lines' intangible property, refusing to hear the company's appeal of an Oregon Supreme Court decision.
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January 09, 2026
7th Circ. Upholds Ex-Atty's Conviction In Burke Bribery Case
The Seventh Circuit on Friday kept in place the conviction and 32-month prison sentence of a Chicago real estate developer and former attorney for offering legal work to ex-Alderman Edward Burke as a bribe for help with a zoning permit, finding the government presented sufficient evidence to support a guilty verdict and arguments to the contrary were "unavailing."
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January 09, 2026
Attys, Broker Ask 4th Circ. To Overturn Tax Fraud Convictions
Two St. Louis tax attorneys and a North Carolina insurance broker have asked the Fourth Circuit to unravel their convictions for participating in a $22 million tax scheme, arguing the government failed to prove at trial that the tax plan they used was actually illegal.
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January 09, 2026
Vanguard Investors Win Final OK For $25M Tax Suit Deal
A Pennsylvania federal judge finalized a $25 million settlement to end a class action accusing Vanguard of triggering an asset sell-off that saddled investors with capital gains taxes, handing the investors' attorneys more than $8 million in fees.
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January 09, 2026
US Disputes Right To Trial Before IRS Assesses FBAR Fines
A California man wasn't entitled to a jury trial prior to the IRS assessing penalties for his failure to report foreign bank accounts because the U.S. Supreme Court decision he cited limiting administrative courts for securities fraud doesn't apply, the government told a California federal court.
Expert Analysis
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Calif. Bar Exam Fiasco Shows Why Attys Must Disclose AI Use
The recent revelation that a handful of questions from the controversial California bar exam administered in February were drafted using generative artificial intelligence demonstrates the continued importance of disclosure for attorneys who use AI tools, say attorneys at Troutman.
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In 2nd Place, Va. 'Rocket Docket' Remains Old Reliable
The U.S. District Court for the Eastern District of Virginia was again one of the fastest civil trial courts in the nation last year, and an interview with the court’s newest judge provides insights into why it continues to soar, says Robert Tata at Hunton.
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How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
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Adapting To Private Practice: From US Attorney To BigLaw
When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.
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Opportunity Zone Revamp Could Improve The Program
If adopted, the budget bill's new iteration of the opportunity zone program could renew, refine and enhance the effectiveness and accountability of the original program by including structural reforms, expanded eligibility rules and incentives for rural investment, say attorneys at Pillsbury.
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The Ins And Outs Of Consensual Judicial References
As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.
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The BigLaw Settlements Are About Risk, Not Profit
The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.
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House Bill Tax Tweaks Would Hinder Renewable Projects
Provisions in the budget reconciliation bill recently passed by the U.S. House of Representatives would rapidly phase out clean energy tax credits, constrain renewable energy financing arrangements and impose sweeping restrictions on projects with foreign ties, which may create compliance and supply chain issues for many developers, say attorneys at Paul Hastings.
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Power To The Paralegals: An Untapped Source For Biz Roles
Law firms looking to recruit legal business talent should consider turning to paralegals, who practice several key skills every day that prepare them to thrive in marketing and client development roles, says Vanessa Torres at Lowenstein Sandler.
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How Trucking Cos. Can Keep Rolling Under Tariff Burdens
Recent Trump administration tariffs present major challenges for the transportation and logistics sector — and, in particular, trucking — but providers who focus on operational efficiency, cost control, customer relationships, creative contract structures and unique offerings will stand out from the competition, say attorneys at Benesch.
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Tariff Strategies For The US Renewable Energy Sector
The Trump administration's tariff actions over the last few months are challenging for the renewable energy industry — but there are strategies for contending with the uncertainty, including diversifying supply chains, seeking certification about equipment origins, and adding tariff-related language to supply contracts and offtake agreements, say attorneys at Sheppard Mullin.
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Ch. 7 Marshaling Ruling Rests On Shaky Legal Grounds
In its recent holding in a Chapter 7 bankruptcy case that marshaling may not be applied against the IRS, a Texas federal court misapplied a bankruptcy code section and case law, leaving a draconian decision that could limit the scope of a powerful equitable estate tool, says Brian Shaw at Cozen O'Connor.
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3 Tax Issues Manufacturers Should Watch In 2025 Budget Bill
As Congress works toward a budget reconciliation bill, manufacturing companies should keep a keen eye on proposals to change bonus depreciation, the qualified business income deduction and energy tax credits, which could have a significant impact on capital-intensive industries, say attorneys at Frost Brown Todd.