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Tax
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January 21, 2026
Minn. Court Denies Tax Break For Assisted Living Unit
An assisted living facility unit owned by a nonprofit corporation is not eligible for a tax break as a charity as sought by the unit's resident, the Minnesota Tax Court said, after previously rejecting a county's effort to stop the case.
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January 20, 2026
Goldstein Poker Pals Got Money From Firm, Witness Says
A former office manager at Thomas Goldstein's law firm Tuesday told the jury in his tax fraud trial in Maryland federal court that hundreds of thousands of dollars in wire transfers sent to the U.S. Supreme Court lawyer's poker counterparts were classified as business transactions in documents used by the firm's tax accountants.
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January 20, 2026
Law360 Names Firms Of The Year
Eight law firms have earned spots as Law360's Firms of the Year, with 48 Practice Group of the Year awards among them, achieving milestones such as high-profile litigation wins at the U.S. Supreme Court and 11-figure merger deals.
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January 20, 2026
Boston Consulting Loses UK Tax Fight Over Partner Pay
Payments to partners made by the U.K. arm of Boston Consulting Group are taxable under rules aimed at preventing avoidance since profit shares were routed through a corporate group and carelessness by the firm caused a loss of tax, a London court ruled Tuesday.
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January 20, 2026
Mass. Senate OKs Property Tax 'Shock' Protection Plan
Massachusetts would allow local governments to grant tax credits to certain residential property owners whose property tax levies would otherwise increase by more than 10% under legislation passed by the state Senate.
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January 20, 2026
IRS Funding Boost Faces $11.7B Cut In Bipartisan Package
Congress would cut $11.7 billion from the IRS spending boost included in the Inflation Reduction Act under a bipartisan, bicameral spending package released Tuesday by the House and Senate Appropriations committees.
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January 20, 2026
Kim Kardashian's Skims Settles NJ Consumer Fraud Suit
Skims Body Inc. will pay a $200,000 civil penalty and continue refunding New Jersey shoppers after improperly collecting sales tax on clothing that should have been tax exempt for nearly five years, Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced Tuesday.
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January 20, 2026
Court Backs HMRC Over Healthcare Co.'s Late VAT Appeal
A private healthcare company has to meet strict conditions to appeal HM Revenue & Customs' value-added-tax assessments and a penalty of over £1 million ($1.3 million) after filing its appeal late, a London court ruled.
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January 20, 2026
Tax Court Wrongly Cut Conservation Gift Value, 4th Circ. Told
The U.S. Tax Court made multiple errors when it reduced the value of rock-rich land underlying a North Carolina partnership's conservation easement donation, the partnership told the Fourth Circuit, urging it to at least reverse penalties imposed by the court as a result of its findings.
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January 20, 2026
Md. Bill Would Expand Urban Agriculture Property Tax Credit
Maryland would expand eligibility for local-option property tax breaks for urban agriculture under legislation introduced in the state House of Delegates.
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January 16, 2026
Law360 Names Practice Groups Of The Year
Law360 would like to congratulate the winners of its Practice Groups of the Year awards for 2025, which honor the attorney teams behind litigation wins and significant transaction work that resonated throughout the legal industry this past year.
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January 19, 2026
Starmer Says No Retaliation To Trump's Greenland Tariffs
The U.K. wants to avoid retaliatory measures to U.S. tariffs over Greenland, Prime Minister Keir Starmer told a news conference Monday following President Donald Trump's weekend threat to impose 10% tariffs on several European countries.
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January 18, 2026
Trump Threatens 10% Tariff To Goad EU Nations On Greenland
President Donald Trump said he would impose a 10% tariff on several countries in the European Union beginning Feb. 1 as a way to build pressure toward his goal for the U.S. to purchase Greenland, according to a social media post.
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January 17, 2026
5th Circ. OKs Self-Employment Tax Break For Limited Partners
Business partners with limited liability under state law are excluded from the federal self-employment tax, a Fifth Circuit panel ruled, siding with a management consulting firm in its long-running controversy over the levy's limited-partner exception.
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January 16, 2026
DOJ Says Wife Owes FBAR Penalties On India Account
A New York federal court should find that a businessman's wife owes penalties for his failure to report his Indian bank account to the Internal Revenue Service after he deposited $1.5 million from the sale of a New York apartment complex, the U.S. Department of Justice argued Friday.
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January 16, 2026
Treasury's Rule Pace Unchanged After Loper Bright, Atty Says
The U.S. Supreme Court's 2024 landmark decision limiting federal agencies' deference in interpreting ambiguous statutes has not significantly altered the pace and volume of the U.S. Department of the Treasury's rulemaking workload, a Treasury attorney said Friday.
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January 16, 2026
Wash. House Bill Seeks Changes To Cannabis Excise Tax
Washington would make changes to its cannabis excise tax, which is charged in addition to sales and use tax on adult-use cannabis purchases, under a bill introduced in the state House of Representatives.
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January 16, 2026
IRS Rightly Withheld Worker Tax Credit FOIA Docs, Court Says
The Internal Revenue Service properly invoked two Freedom of Information Act exemptions to withhold portions of internal directives about the employee retention tax credit requested by an attorney who represents taxpayers in disputes with the agency, an Alabama federal court said.
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January 16, 2026
Minn. Tax Court Wrong To Cut Hilton Value, State Justices Told
The valuation of a Hilton hotel and convention center in Minneapolis was wrongly slashed by the state's tax court, including by $70 million in one year, a county told the Minnesota Supreme Court.
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January 16, 2026
IRS Boosts Mediation Training In Appeals, Official Says
The IRS has ramped up its training of appeals officers to perform mediation work to account for the recent reduction of staff as part of the agency's ongoing emphasis to quickly resolve taxpayer issues through the alternative dispute resolution process, an official said Friday.
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January 16, 2026
Taxation With Representation: Stibbe, A&O Shearman, Latham
In this week's Taxation With Representation, Keurig Dr Pepper Inc. plans to complete its deal to snap up coffee company JDE Peet's NV, Boston Scientific Corp. acquires medical device company Penumbra Inc., and fitness and wellness platform parent Playlist merges with fitness technology company EGYM.
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January 16, 2026
China, Canada Agree To Lower Tariffs On EVs, Food
Canada will drastically cut a 100% tariff on nearly 50,000 imported Chinese electric vehicles and expects China to lower tariffs on canola, lobsters, crabs and peas, Prime Minister Mark Carney said Friday in a news release.
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January 16, 2026
State Rules Add Wrinkle To Scholarship Tax Break's Rollout
The U.S. Treasury Department is grappling with how to balance federal and state rules to implement a new tax credit for contributions to eligible scholarship programs, an official said Friday, describing states as "gatekeepers" in determining eligibility.
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January 16, 2026
EU Spending Less On State Aid Tax Schemes, Report Says
Spending on state aid slumped last year across the European Union while tax benefits have remained a muted share of the subsidies offered since the COVID-19 pandemic, the bloc's executive branch said.
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January 16, 2026
Conservation Easement Was $2.7M 'Swindle,' Investors Say
Two investors have hit the Georgia-based managers of a syndicated conservation easement with a racketeering lawsuit, accusing the managers of lining their own pockets with nearly all the proceeds of a 2024 real estate sale to liquidate the fund.
Expert Analysis
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Del. Corporate Law Rework May Not Stem M&A Challenges
While Delaware's S.B. 21 introduced significant changes regarding controllers and conflicted transactions by limiting what counts as a controlling stake and improving safe harbors, which would seem to narrow the opportunities to challenge a transaction as conflicted, plaintiffs bringing shareholder derivative claims may merely become more resourceful in asserting them, say attorneys at Debevoise.
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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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Series
Running Marathons Makes Me A Better Lawyer
After almost five years of running marathons, I’ve learned that both the race itself and the training process sharpen skills that directly translate to the practice of law, including discipline, dedication, endurance, problem-solving and mental toughness, says Lauren Meadows at Swift Currie.
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Series
Law School's Missed Lessons: Supporting A Trial Team
While students often practice as lead trial attorneys in law school, such an opportunity likely won’t arise until a few years into practice, so junior associates should focus on honing skills that are essential to supporting a trial team, including organization, adaptability and humility, says Lucy Zelina at Tucker Ellis.
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Series
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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Opinion
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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Series
Brazilian Jiujitsu Makes Me A Better Lawyer
Competing in Brazilian jiujitsu – often against opponents who are much larger and younger than me – has allowed me to develop a handful of useful skills that foster the resilience and adaptability necessary for a successful legal career, says Tina Dorr of Barnes & Thornburg.
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Series
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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Series
Playing Poker Makes Me A Better Lawyer
Poker is a master class in psychology, risk management and strategic thinking, and I’m a better attorney because it has taught me to read my opponents, adapt when I’m dealt the unexpected and stay patient until I'm ready to reveal my hand, says Casey Kingsley at McCreadyLaw.
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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.