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March 06, 2026
NYC Developers Accused Of $1.6M Housing Fraud Plead Out
Multiple real estate developers and their corporate entities Friday pled guilty over their roles in a $1.6 million scheme that Manhattan prosecutors say defrauded a New York state tax abatement program meant to support affordable housing.
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March 06, 2026
Former Calif. Securities Atty Gets Year For Tax Evasion
A former Southern California securities attorney Friday was sentenced to a year and a day in prison for evading paying his personal taxes and was ordered to pay over $350,000 in restitution to the IRS.
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March 06, 2026
Customs Faces Hurdles In $166B Tariff Refund Order
U.S. Customs and Border Protection no longer needs to immediately refund Trump administration tariffs that were struck down by the U.S. Supreme Court after the U.S. Court of International Trade loosened a previous order Friday in response to the agency warning compliance was impossible.
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March 06, 2026
Revised Millionaires' Tax Proposal Wins Wash. Gov.'s Support
An amended version of a proposed tax on Washington state residents earning more than $1 million in a single year has met criteria demanded by Democratic Gov. Bob Ferguson, and he will sign it if it reaches his desk, he said Friday.
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March 06, 2026
New Owner Can't Appeal Loss Of Tax Break, Court Says
An Oregon landowner cannot appeal the property's disqualification from the state's farm use assessment because that determination was made before the owner purchased it, the state tax court said.
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March 06, 2026
Miami Developer Accused Of $85M Fraud Scheme, DOJ Says
Federal prosecutors have accused a Miami real estate developer of leading an $85 million investment fraud scheme and failing to pay both his personal income taxes and payroll taxes for his employees, the U.S. Department of Justice said Friday.
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March 06, 2026
Colo. House OKs Fiscal Info Requirement For Ballot Measures
Colorado ballot measures that would increase state expenditures without identifying corresponding revenues to pay for them would be required to explain what government operations would receive reduced funding as a result under legislation passed Friday by the state House of Representatives.
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March 06, 2026
Treasury Scores Early Win In DOGE Data Sharing Suit
Two labor unions and a retirees group that claimed Department of Government Efficiency personnel were allowed to access Treasury Department computer systems can't proceed with their lawsuit, a D.C. federal judge ruled, finding they failed to establish that the agency's decisions can be considered a final agency action.
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March 06, 2026
Treasury Regs Clarify $1,000 Payments To Trump Accounts
The U.S. Department of the Treasury and the Internal Revenue Service proposed tax guidance Friday for people considering the government's offer to make $1,000 contributions under a new type of individual retirement accounts for children known as Trump accounts.
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March 06, 2026
Taxation With Representation: Slaughter And May, Kirkland
In this week's Taxation With Representation, British insurer Beazley accepts a cash takeover offer from Zurich Insurance Group, a consortium of investors led by Blackrock's Global Infrastructure Partners and the EQT Infrastructure VI fund buys energy company AES, and private equity firm Thoma Bravo acquires third-party logistics provider WWEX.
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March 06, 2026
Colo. House Passes Bill To Boost Mobile Home Tax Exemption
Colorado would raise its property tax exemption for mobile homes and implement other changes recommended by a state task force under legislation passed by the state House of Representatives on Friday.
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March 05, 2026
Calif. Tribe Can Try Again To Show Gaming Compact Dispute
A federal court judge has sided with California Gov. Gavin Newsom in a dispute over a tribal Class III gaming compact, saying the Morongo Band of Mission Indians failed to show an actual controversy with the state under Article III of the Constitution.
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March 05, 2026
Overhauled IRS Microcaptive Rules Pass Muster With Judge
Revamped rules requiring taxpayers to disclose certain microcaptive insurance arrangements to the Internal Revenue Service do not violate the Administrative Procedure Act, a Tennessee federal judge found Thursday, saying multiple U.S. Tax Court decisions show the arrangements can be used to avoid taxes.
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March 05, 2026
Feds Can't Repatriate Trusts In $28M Tax Suit, Court Told
The U.S. government cannot force a Floridian facing a $28 million tax bill to repatriate assets from his trusts because they're governed by Bahamian law and thus the trustee, a Bahamian trust provider, has sole discretion over making distributions, the provider told a federal court.
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March 05, 2026
Two Dozen States Sue Trump To Halt New Global Tariffs
A coalition of 24 states sued President Donald Trump's administration Thursday in the U.S. Court of International Trade to block global tariffs that the White House imposed shortly after the U.S. Supreme Court struck down an earlier round of tariffs.
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March 05, 2026
Minn. Court Barely Changes $108M Office Building Valuation
A Minnesota office building was slightly overvalued, the state tax court ruled, agreeing in part with the property owners' income approach and finding that the building's free market value was $108 million.
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March 05, 2026
Burlington Accused Of Illegally Taxing Exempt Baby Products
Burlington Coat Factory illegally charges shoppers a sales tax on items for babies and toddlers, including clothing, apparel and shoes, despite that it's been years since the Florida Legislature passed a tax exemption for those products, according to a proposed consumer protection class action filed Wednesday in Florida federal court.
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March 05, 2026
UK Designates 2 Investment Zones In Scotland
The U.K. government confirmed the designation of two investment zones in Scotland on Thursday that will offer tax relief to businesses in renewable energy and other sectors.
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March 05, 2026
EU Top Court Says In-Game Gold Trade Not Exempt From VAT
A Lithuanian business' proceeds from the trading of virtual gold in an online video game are not exempt from value-added tax, the European Union's top court ruled Thursday, supporting efforts from the Lithuanian government to collect the tax.
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March 04, 2026
Fla. Court Urged To Toss $19M Tax Fine Decided With No Jury
A U.S.-German citizen asked a Florida federal court to toss a nearly $19.6 million tax penalty assessed by the IRS for failing to report foreign bank account information, telling a judge on Wednesday that he wasn't able to take his case before a jury.
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March 04, 2026
Real Estate Owner Seeks Probation For $5M Tax Evasion
A commercial real estate owner found guilty of hiding nearly $5 million in income from the Internal Revenue Service asked a Washington federal court for a sentence of home confinement, saying he has changed his family business to eliminate the chances he will file false or late returns.
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March 04, 2026
11th Circ. Shouldn't Apply 3M Ruling To Coke, Gov't Says
The Eleventh Circuit should not apply the reasoning used by the Eighth Circuit in its October ruling for 3M Co. to allow Coca-Cola to indefinitely defer taxes it owes under IRS transfer pricing regulations, the U.S. government said Wednesday.
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March 04, 2026
US To Hike Global Tariffs To 15% This Week, Bessent Says
The U.S. will "likely" raise the rate of its global tariff regime to 15% this week, Treasury Secretary Scott Bessent said Wednesday, all but ensuring that the country's total tariff rates will exceed agreed-upon limits in many key trade deals.
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March 04, 2026
Texas Couple Owes $1.8M From Nix Of Farming Deduction
A Texas couple that had claimed three years of farming losses owes deficiencies of just over $1.8 million for 2015-18, the U.S. Tax Court said in an order and decision upholding IRS computations in the case.
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March 04, 2026
Tax Court Urged To Restore $20M Easement Deduction
A partnership belonging to two conservationists challenged the Internal Revenue Service's rejection of its $20 million tax deduction for donating a protective easement in South Carolina, telling the U.S. Tax Court that land values around the property had risen substantially.
Expert Analysis
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Series
Adapting To Private Practice: 5 Tips From Ex-SEC Unit Chief
My move to private practice has reaffirmed my belief in the value of adaptability, collaboration and strategic thinking — qualities that are essential not only for successful client outcomes, but also for sustained professional satisfaction, says Dabney O’Riordan at Fried Frank.
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Series
Law School's Missed Lessons: How To Start A Law Firm
Launching and sustaining a law firm requires skills most law schools don't teach, but every lawyer should understand a few core principles that can make the leap calculated rather than reckless, says Sam Katz at Athlaw.
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Key False Claims Act Trends From The Last Year
The False Claims Act remains a powerful enforcement tool after some record verdicts and settlements in 2025, and while traditional fraud areas remain a priority, new initiatives are raising questions about its expanding application, says Veronica Nannis at Joseph Greenwald.
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Series
Hosting Exchange Students Makes Me A Better Lawyer
Opening my home to foreign exchange students makes me a better lawyer not just because prioritizing visiting high schoolers forces me to hone my organization and time management skills but also because sharing the study-abroad experience with newcomers and locals reconnects me to my community, says Alison Lippa at Nicolaides Fink.
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5 Action Steps For Employers Facing 27 Pay Periods In 2026
In 2026, some employers may have 27 pay periods, instead of the usual 26, which can cause budgeting and compliance headaches, particularly for salaried employees, but there is still time to develop a strategy to avoid payroll compliance problems, say attorneys at Fisher Phillips.
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How A 1947 Tugboat Ruling May Shape Work Product In AI Era
Rapid advances in generative artificial intelligence test work-product principles first articulated in the U.S. Supreme Court’s nearly 80-year-old Hickman v. Taylor decision, as courts and ethics bodies confront whether disclosure of attorneys’ AI prompts and outputs would reveal their thought processes, say Larry Silver and Sasha Burton at Langsam Stevens.
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2026 Int'l Arbitration Trends: Tariffs Drive Transformation
In 2025, the Trump administration's sweeping tariffs triggered an unprecedented wave of trade-related disputes — and this, along with evolving M&A practices, the challenges of enforcing arbitral awards against sovereign states, and the role of emerging technologies, will continue to drive international arbitration trends this year, say attorneys at Cleary.
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Navigating Privilege Law Patchwork In Dual-Purpose Comms
Three years after the U.S. Supreme Court declined to resolve a circuit split in In re: Grand Jury, federal courts remain split as to when attorney-client privilege applies to dual-purpose legal and business communications, and understanding the fragmented landscape is essential for managing risks, say attorneys at Covington.
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Cannabis Industry Faces An Inflection Point This Year
Cannabis industry developments last year — from the passage of a new wholesale tax in Michigan, to an executive order accelerating the federal rescheduling process — presage a more mature phase of legalization this year, with hardening expectations and enforcement to come, says Alex Leonowicz at Howard & Howard.
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Series
Fly-Fishing Makes Me A Better Lawyer
Much like skilled attorneys, the best anglers prize preparation, presentation and patience while respecting their adversaries — both human and trout, says Rob Braverman at Braverman Greenspun.
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4 Ways GCs Can Manage Growing Service Of Process Volume
As automation and arbitration increase the volume of legal filings, in-house counsel must build scalable service of process systems that strengthen corporate governance and manage risk in real time, says Paul Mathews at Corporation Service Co.
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Series
The Law Firm Merger Diaries: Forming Measurable Ties
Relationship-building should begin as early as possible in a law firm merger, as intentional pathways to bringing people together drive collaboration, positive client response, engagements and growth, says Amie Colby at Troutman.
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3 Key Takeaways From Planned Rescheduling Of Cannabis
An executive order reviving cannabis rescheduling represents a monumental change for the industry and, while the substance will remain illegal at the federal level, introduces several benefits, including improving state-legal cannabis operators' tax treatment, lowering the industry's legal risk profile, and leaving state-regulated markets largely intact, say attorneys at Dentons.
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OFAC Sanctions Will Intensify Amid Global Tensions In 2026
The Office of Foreign Assets Control will ramp up its targeting of companies in the private equity, venture capital, real estate and legal markets in 2026, in keeping with the aggressive foreign policy approach embraced by the Trump administration in 2025, say attorneys at Holland & Knight.
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5 E-Discovery Predictions For 2026 And Beyond
2026 will likely be shaped by issues ranging from artificial intelligence regulatory turbulence to potential evidence rule changes, and e-discovery professionals will need to understand how to effectively guide the responsible and defensible adoption of emerging tools, while also ensuring effective safeguards, say attorneys at Littler.