Federal
-
October 23, 2026
Weekly Internal Revenue Bulletin
The Internal Revenue Service's weekly bulletin, released Friday, included temporary rules on how to establish the tax-advantaged brokerage accounts for children known as Trump Accounts.
-
October 22, 2026
Vegas Man Gets 38 Months For $5M Tax Refund Fraud Scheme
A Las Vegas man was sentenced to more than three years in prison for his role in what the government described as a $5 million tax refund fraud scheme that also involved his mother, who owned a tax preparation business, federal prosecutors said.
-
October 22, 2026
IRS Says Tax Court Lacks Jurisdiction In Late-Filed Case
The U.S. Tax Court erred by finding it has jurisdiction in a partnership case that missed the 90-day window for filing its petition, the IRS said, arguing that relevant language in 2015 legislation is identical to that in prior legislation that mandated dismissing a similar case.
-
October 22, 2026
Dems Seek GAO Review Of $166B Tariff Refund Operation
Democratic lawmakers serving in the U.S. House and Senate asked for the Government Accountability Office to evaluate Customs and Border Protection's administration of a tariff refund system designed to repay importers the $166 billion in paid duties deemed unlawful earlier this year by the U.S. Supreme Court, according to a Thursday news release.
-
October 22, 2026
GOP Reps. Seek Probe Of Fla. Judge's Sanctions Order
Top Republicans on the House Judiciary Committee asked the Judicial Conference Thursday to investigate a Florida federal judge for potential misconduct with an order she issued in the case involving the leak of President Donald Trump's tax returns.
-
October 22, 2026
5th Circ. Orders New Look At IRS' Loss On FBAR Jury Rights
A Texas federal court must revisit its 2025 ruling that the IRS violated a woman's jury-trial rights by imposing a $1 million civil penalty for failing to report foreign bank accounts, the Fifth Circuit said, ordering another review in light of a U.S. Supreme Court decision.
-
October 22, 2026
UPS Waiting On Feds To Refund Tariff Costs, Court Told
An Atlanta federal court should, at minimum, pause a proposed class action looking to force UPS to reimburse customers for costs they incurred as the result of struck-down reciprocal tariffs, the shipping giant said, as the company itself is still waiting on refunds.
-
October 22, 2026
Tax Court Scraps $75M Easement Deduction As 'Cartoonish'
The U.S. Tax Court refused to approve a partnership's $74.5 million charitable tax deduction for a Tennessee conservation easement Thursday, describing it as a "cartoonish" amount for a nearly $3 million property that sat on the market for years.
-
October 22, 2026
IRS Creates New Retirement Plan Correction Program
The Internal Revenue Service issued two revenue procedures Thursday, including one creating a correction program for individual retirement accounts.
-
October 22, 2026
IRS Offer In $57M Easement Case Not Binding, 11th Circ. Told
The U.S. Tax Court properly denied a partnership's request to enforce a settlement offer the IRS said it mistakenly made after rejecting the partnership's $57 million conservation easement deduction, the agency told the Eleventh Circuit, saying the parties hadn't entered into a binding agreement.
-
October 22, 2026
Foreign Tax Credit Sourcing Rule Likely By Year's End
The IRS hopes to propose regulations on sourcing certain inventory sales income for the foreign tax credit limitation under Internal Revenue Code Section 904 — one of the items listed on its priority guidance plan for 2026-2027 — by the end of the year, an agency official said.
-
October 22, 2026
Treasury Aiming to Float CAMT Rules by Feb., Official Says
The U.S. Treasury Department is still on track to propose revised regulations for the corporate alternative minimum tax by February, a department official said Thursday.
-
October 21, 2026
IRS Sets Interim Relief For Dyed Fuel Excise Tax Reporting
The IRS will temporarily waive enforcement of the reporting and recordkeeping requirements for the retail excise tax on certain uses of dyed diesel as the agency examines a simple process to administer the compliance provisions, the agency announced Wednesday.
-
October 21, 2026
IRS Says Eaton Misportrayed Intercompany Loan Example
Eaton misportrayed the IRS' argument about a regulatory example concerning the relevance of companies' relatedness when analyzing an arm's-length price of a transaction, the agency told the U.S. Tax Court, defending its denial of related-party interest and fee deductions.
-
October 21, 2026
Wyden Questions Big 4 Execs On Int'l Tax Shelter Consulting
The Senate Finance Committee's top Democrat said Wednesday that he was launching an inquiry into whether the Big Four accounting firms — PwC, KPMG, Deloitte and EY — have helped large multinational corporations avoid billions in taxes by creating tax shelters in Malta.
-
October 21, 2026
Beauty Co.'s $8M Refund Bid Axed For Misnomer On Returns
An Illinois federal judge dismissed a skin care corporate group's $8.3 million tax refund suit, finding she lacked jurisdiction to review its amended returns claiming business deductions because those filings did not use the company's new name after a 2018 merger.
-
October 21, 2026
Squire Patton Lands Akerman's Public Finance Co-Leader
Squire Patton Boggs LLP announced Wednesday that it has added the co-chair of Akerman LLP's public finance group to bolster its capacity to handle public finance, healthcare finance and other matters.
-
October 21, 2026
Mich. Staffing Biz Owner Cops To $1.7M Tax Fraud Scheme
A Michigan woman who owned a series of staffing companies pled guilty to conspiring to defraud the U.S. for more than a decade via an employment tax scheme, causing a tax loss to the IRS of roughly $1.7 million, federal prosecutors said.
-
October 20, 2026
Biz Says 50% Canadian Tariff Is Yet Another Illegal Regime
President Donald Trump's retaliatory 50% tariffs against Canadian goods are the latest in a string of illegal trade actions and should be struck down, just like two previous regimes, according to a lawsuit filed Tuesday at the U.S. Court of International Trade.
-
October 20, 2026
IRS Updates Corporate Bond Monthly Yield Curve For October
The IRS on Tuesday updated the corporate bond monthly yield curve used in calculations for defined benefit plans for October, as well as corresponding segment rates and the interest rate for 30-year U.S. Department of the Treasury securities.
-
October 20, 2026
Plastics Co. Asks 5th Circ. Not To Nix Captive Insurance Case
The founder of a plastic manufacturing company asked the Fifth Circuit not to dismiss his bid to restore a tax deduction the IRS denied on premiums the company paid for its captive insurance arrangement, saying the court has jurisdiction over the case despite the government's claim to the contrary.
-
October 20, 2026
Ala. Partnerships Defend $95M In Deductions For Land Gifts
Two Alabama partnerships were wrongly denied deductions totaling more than $95 million for over 370 acres they donated to the same conservation group in 2020, they told the U.S. Tax Court.
-
October 20, 2026
Treasury Drops Proposed 'Per Se' Test For Tax-Free Spinoffs
The U.S. Treasury Department on Tuesday scrapped regulations proposed in 2016 that would have used a "per se" test and other bright-line rules to determine whether corporate spinoff transactions qualify for tax-free status.
-
October 20, 2026
OECD Updates Min. Return Guidance For Tax Authorities
The OECD on Tuesday released updated guidance for tax authorities regarding the system to exchange taxpayer returns under the 15% global minimum tax, incorporating changes related to the deal to exempt U.S. companies from its international provisions and other technical adjustments.
-
October 19, 2026
How The Midterms Are Likely To Shape Tax Policy
While the outcome of the midterm elections won't change tax policy overnight, the winning party should at the very least have the chance to signal its priorities and work on bipartisan legislation that could become law even in a divided government. Here, Law360 breaks down different tax policy scenarios that could come from the elections.
Expert Analysis
-
Mich. Banking Brief: All The Notable Legal Updates In Q2
The second quarter brought several notable financial services law developments to Michigan, including a U.S. Supreme Court ruling on state tax foreclosures, progress on a money transmission modernization bill package, and continued legislative momentum on cryptocurrency and mortgage lending, say attorneys at Dykema.
-
Proof, Not Just Timing, Will Decide Clean Energy Credits
For wind and solar projects that sprinted to begin construction before the accelerated placed-in-service deadline of July 4, project owners must now assemble and maintain documentation to qualify the project and defend against a potential clean energy credit audit, says Peter Lowy at Nelson Mullins.
-
Choral Singing Makes Me A Better Lawyer
Singing in the New York City Bar Chorus — a hobby partly inspired by the late U.S. District Judge Richard Owen, who infused my clerkship year with opera music — has improved my legal career by refining my abilities to listen, exude confidence and develop emotional intelligence, says Bonnie Baker at Friedman Kaplan.
-
Tariff Refunds May Reshape Loan Covenant Calculations
Tariff refunds issued after the U.S. Supreme Court's Learning Resources decision may complicate borrowers' covenant calculations depending on accounting treatment, the timing of recognition, customer reimbursement obligations and credit agreement language, say attorneys at Mayer Brown.
-
Power To The Paralegals: Burnout As A Structural Problem
Law firm leadership can best retain their paralegals not by encouraging self-care, but by seeking top-down structural solutions for the quiet proliferation of responsibilities and the vicarious exposure to client trauma that particularly drive burnout in this vital role, says Erika Sneeringer at Brockstedt Mandalas.
-
Managing Post-IEEPA Tariff Refunds, Replacements And Risks
Companies and investors reeling from the rapid changes resulting from February's U.S. Supreme Court ruling that the International Emergency Economic Powers Act doesn't authorize tariffs should focus on understanding the duty refund process, the likely replacement tariffs and the operational ways they can minimize their tariff exposure, say attorneys at Debevoise.
-
Wire Fraud Ruling May Upend White Collar Enforcement
A Texas federal court’s recent decision in U.S. v. Garza, dismissing wire fraud charges arising from an alleged $1 billion tax shelter scheme, advances a broader constitutional principle that could affect sentencing and reshape charging practices across white collar criminal cases involving specialized statutory regimes, say attorneys at Benesch.
-
Economic Questions To Ask Amid Tariff Refund Class Actions
The U.S. Supreme Court's recent holding that the International Emergency Economic Powers Act doesn't authorize the president to impose tariffs has sparked class actions, but determining whether a retailer received a windfall is complex, even if it passed tariff costs into consumer prices before receiving a refund, say economists at Ankura Consulting Group.
-
Cow Horse Makes Me A Better Lawyer
Moving an unwilling 800-pound cow while riding a horse at high speed is exhilarating, a little unhinged and, at least for me, a surprisingly effective training ground for litigation — both demand focus, preparation over rigid planning and the willingness to act despite fear, says Ashley Zitrin at Glenn Agre.
-
Checking For AI Errors Is Now A Two-Way Street
A handful of recent federal and state cases demonstrate the importance of checking for errors generated by artificial intelligence not only in your own court submissions, but also your opponent's, as well as when catching opposing counsel's AI mistakes could result in an award for attorney fees, says Tamara Barago at Hollingsworth.
-
5 Things Associates Must Ask About Their Firm's Merger Plan
The associates who navigate law firm mergers best ask the right questions early, such as inquiring about partners' plans, to assess how the merger could affect their workflow and career path, says Jackie Bokser-LeFebvre at Major Lindsey.
-
2 'Rocket Dockets' And The Rules That Propel Them
The fastest civil trial courts in the country are currently in the Eastern District of Virginia and the Southern District of Florida, and their chief judges provide insights into the court rules that keep them ahead, says Robert Tata at Hunton.
-
Key Legal Considerations For Data Center Battery Storage
Battery energy storage systems have become essential infrastructure for data center development — but as trade, energy and tax policies continue to shift, companies operating in this space must understand the importance of supply chain requirements and industry-tailored contracts, says RJ Colwell at Davis Graham.