Federal
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									August 19, 2025
									Medtronic Sees Tariffs Adding $185M To Costs This YearMedtronic expects tariffs to add $185 million to its costs over the course of its current fiscal year, an amount lower than a previous estimate due to the company's efforts to lessen tariffs' impact, an executive said Tuesday in an earnings call. 
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									August 19, 2025
									NJ Man Gets 30 Months For Russian Arms Dealing SchemeA dual U.S.-Russian national was sentenced in a New York federal court to 30 months in prison after pleading guilty to his role in a scheme to smuggle sensitive, U.S.-made technology to further Russia's weapons development, prosecutors announced. 
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									August 19, 2025
									Trump Tariff Suit Belongs In Trade Court, Gov't Tells DC Circ.Suits challenging President Donald Trump's imposition of emergency tariffs belong in the U.S. Court of International Trade and a D.C. federal judge improperly considered a case lodged by Illinois-based toy makers in his court, the government told the D.C. Circuit. 
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									August 19, 2025
									Home Depot To Raise Some Prices Due To TariffsHome Depot expects to raise prices for some of its products as tariffs weigh its costs, while Congress' latest tax package will boost its cash flow, executives said Tuesday. 
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									August 18, 2025
									Alaskan Woman Unreported Stock Income, Tax Court SaysAn Alaska woman underreported her taxable income by failing to include stock transferred from her former employer, the U.S. Tax Court held Monday, rejecting her contention that she lacked control over the shares. 
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									August 18, 2025
									Court Urged To Reject IRS Deal On Church EndorsementsA Texas federal court should block a deal the IRS made with religious groups that would allow churches to engage in political speech without losing their tax-exempt status, a nonprofit focused on the separation of church and state said, asking to intervene in the matter. 
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									August 18, 2025
									IRS Updates Corp. Bond Monthly Yield Curve For AugustThe Internal Revenue Service on Monday updated the corporate bond monthly yield curve used in calculations for defined benefit plans for August, as well as corresponding segment rates and other related provisions. 
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									August 18, 2025
									Tax Court Rejects Deduction For Donations To Family CharityThe U.S. Tax Court denied a Baltimore man tax deductions for business expenses and charitable contributions to a foundation created to find his nephew's killer, saying Monday that he failed to properly substantiate those claims on his 2018 return. 
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									August 18, 2025
									IRS Sharing Tax Info With ICE Amid Legal ChallengeThe Internal Revenue Service has begun sharing taxpayer return information with U.S. Immigration and Customs Enforcement, the government told a D.C. federal court, revising the tax agency's previous stance that it had not received or responded to any such requests. 
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									August 18, 2025
									Tax Court Finds Bankrupt Couple Owes Back TaxesAn Internal Revenue Service settlement officer didn't abuse her discretion by sustaining a tax levy against a Texas couple's abandoned assets, because the couple failed to file the correct paperwork, the U.S. Tax Court ruled Monday. 
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									August 18, 2025
									Most Applicable Federal Rates To Continue Slide In Sept.Most applicable federal rates for income tax purposes are set to decline in September, falling for a second month after a rebound in July, the Internal Revenue Service said Monday. 
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									August 18, 2025
									3rd Circ. Says IRS Can Pursue Taxes In Decades-Old FraudThe IRS can go after a woman's unpaid taxes more than 20 years later because her return preparer committed fraud on her filings, even though the woman did not mean to evade taxes, the Third Circuit ruled Monday. 
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									August 18, 2025
									IRS Accepting Applications To 2026 Real-Time Audit ProgramThe Internal Revenue Service soon will begin accepting applications for its compliance assurance process real-time audit program for 2026, the agency announced Monday. 
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									August 18, 2025
									IRS Floats Changes To Reporting Sale Of Partnership InterestPartnerships no longer would need to include information in a tax form that would help partners who sold their share of the business with noncapital assets determine the gain or loss from the transaction, the Internal Revenue Service said Monday. 
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									August 18, 2025
									Founder Of 'Modest Needs' Charity Admits Stealing MillionsA New York City man who operated a crowdsourcing charity for the poor copped to fraud and tax evasion charges Monday, telling a Manhattan federal judge that he stole millions and spent the money on a lavish lifestyle. 
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									August 18, 2025
									Siblings Say They Can't Pay $3.4M In Taxes On Dad's EstateSiblings being sued for $3.4 million in unpaid taxes on their father's estate asked a Texas federal court to deny the U.S. a judgment for the money, saying they can't pay because the estate consists mostly of illiquid interests in partnerships and real estate. 
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									August 15, 2025
									IRS Strips 5% Safe Harbor In Solar, Wind Tax Credit GuidanceLarge-scale clean energy projects seeking to claim solar and wind tax credits before they expire under a new accelerated sunset schedule can no longer rely on a safe harbor to incur 5% of the building costs to establish eligible construction start dates under Internal Revenue Service guidance released Friday. 
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									August 15, 2025
									IRS Needs To Improve ID Verification On Telephone CallsThe Internal Revenue Service has failed to properly authenticate callers' identities on its business and practitioner telephone lines, the Treasury Inspector General for Tax Administration said Friday, recommending that the agency strengthen its authentication procedures to combat fraud. 
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									August 15, 2025
									US Eyeing Tariffs, Port Levies Over Shipping Emissions PlanThe U.S. government is considering tariffs, visa restrictions or port levies — and potentially a combination of those measures — in response to an intergovernmental plan to push the global shipping industry toward achieving net-zero greenhouse gas emissions, a U.S. Department of State spokesperson told Law360. 
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									August 15, 2025
									Retired EY Tax Ace Joins Atlanta BoutiqueAtlanta-based law boutique Wiggam Law LLC has brought on a retired senior counsel at tax law boutique Asbury Law Firm, adding an attorney who previously led Ernst & Young's tax controversy practice for the central and southeastern U.S. and served as a trial attorney for the IRS, the boutique announced Friday. 
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									August 15, 2025
									Truck Co. Asks Justices To Review Denial Of $268M Tax BreakA Tennessee truck company seeking $268 million in excise tax exemptions for its refurbished tractors has asked the U.S. Supreme Court to review a Sixth Circuit decision finding the company's tractors might not qualify because they may have previously been sold to tax-exempt buyers. 
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									August 15, 2025
									Taxation With Representation: Wachtell, Cooley, SullivanIn this week's Taxation With Representation, the NBA signs off on the sale of the Boston Celtics, Gildan Activewear acquires HanesBrands, private equity shop Advent International buys insurance software firm Sapiens, and financial software provider MeridianLink goes private via its acquisition by Centerbridge Partners. 
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									August 15, 2025
									Weekly Internal Revenue BulletinThe Internal Revenue Service's weekly bulletin, issued Friday, included revised proposed rules for the corporate alternative minimum tax that will accommodate different approaches to calculating a partnership's investment income. 
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									August 14, 2025
									Trump's Brazil Tariffs Raise Questions About Legal LimitsHigher tariffs imposed last week on Brazilian imports may prove especially vulnerable to legal challenges, but stakeholders expect the U.S.-Brazil trading relationship to nevertheless remain in limbo for the immediate future. 
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									August 14, 2025
									2nd Circ. Revives Couple's Late Tax Court PetitionThe U.S. Tax Court may review a couple's tax deficiency case that was filed past deadline, based on recent U.S. Supreme Court decisions that allow extending the statute of limitations for laws that do not address judicial authority, the Second Circuit ruled Thursday. 
Expert Analysis
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								5 Litigation Funding Trends To Note In 2025  Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital. 
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								Rethinking Litigation Risk And What It Really Means To Win  Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance. 
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								Small Biz Caught In Corporate Transparency Act Crossfire  Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer. 
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								No, Litigation Funders Are Not 'Fleeing' The District Of Del.  A recent study claimed that litigation funders have “fled” Delaware federal court due to a standing order requiring disclosure of third-party financing, but responsible funders have no problem litigating in this jurisdiction, and many other factors could explain the decline in filings, say Will Freeman and Sarah Tsou at Omni Bridgeway. 
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								Hydrogen Regs Will Provide More Certainty — If They Survive.jpeg)  Newly finalized regulations implementing the Section 45V clean hydrogen tax credit allow producers more flexibility, and should therefore help put the industry on more solid footing — but the incoming Trump administration and Republican Congress will have multiple options for overturning or altering the regulations, say attorneys at Steptoe. 
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								5 E-Discovery Predictions For 2025 And Beyond  In the year to come, e-discovery will be shaped by new and emerging trends, from the adoption of artificial intelligence provisions in protective orders, to the proliferation of emojis as a source of evidence in contemporary litigation, say attorneys at Littler. 
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								What's Ahead As Transparency Act Comes To A Crossroads  Synthesizing the contrasting federal district and appellate court rulings on the Corporate Transparency Act’s validity reveals several main areas of debate that will likely remain at issue as challenges to the law continue winding through the courts, say attorneys at Farella Braun. 
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								Final Hydrogen Tax Credit Regs Add Flexibility For Producers.jpeg)  The recently released final regulations implementing the Inflation Reduction Act's clean hydrogen production tax credit offer taxpayers greater flexibility, reducing risk and creating more certainty for investments in the industry, thus diminishing — but not eliminating — the risk of legal challenges to the regulations, say attorneys at Steptoe. 
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								5 Evolving Concerns For Family Offices In 2025  Complex regulatory changes and emerging operational risks will force family offices to stay on their toes in 2025, with timely action particularly necessary to address several tax and reporting developments that may affect their investments and business operations, say attorneys at Morgan Lewis. 
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								7 Ways 2nd Trump Administration May Affect Partner Hiring  President-elect Donald Trump's return to the White House will likely have a number of downstream effects on partner hiring in the legal industry, from accelerated hiring timelines to increased vetting of prospective employees, say recruiters at Macrae. 
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								E-Discovery Quarterly: Rulings On Custodian Selection  Several recent rulings make clear that the proportionality of additional proposed custodians will depend on whether the custodians have unique relevant documents, and producing parties should consider whether information already in the record will show that they have relevant documents that otherwise might not be produced, say attorneys at Sidley. 
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								A Look At PCAOB's Record-Breaking Enforcement In 2024  The Public Company Accounting Oversight Board in 2024 brought more enforcement actions against auditors and imposed increasingly higher monetary penalties, showing that it was not afraid to exercise its power to fine and reprimand firms, a trend that will likely continue in 2025, say attorneys at Briglia Hundley. 
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								Exploring Venue Strategy For Trump-Era Regulatory Litigation  Litigation will likely play a prominent role in shaping policy outcomes during the second Trump administration, and stakeholders have several tools at their disposal to steer regulatory litigation toward more favorable venues, say attorneys at Covington.