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November 06, 2026
A Blank Rome LLP partner who founded a luxury boutique hotel in Italy told the U.S. Tax Court the IRS improperly determined he owes roughly $15.6 million in taxes and penalties, disputing the agency's assertion that his hotel operations didn't qualify as a business for purposes of claiming expenses.
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November 06, 2026
A political news site falsely tied an Internal Revenue Service appeals officer to the agency's 2013 Tea Party-targeting scandal, she alleges in a $10 million defamation suit removed to federal court.
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November 06, 2026
A Maryland office building should remain valued at $2.37 million even though its anchor tenant did not renew a lease, the state tax court said.
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November 06, 2026
Two single-family Maryland dwellings under construction were correctly subject to a midcycle assessment because the properties were substantially complete, the state tax court said, upholding the valuations.
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November 06, 2026
A property tax break for a vacant Maryland property whose nonprofit owner intended to develop it as an assisted living and adult daycare facility was denied by the state tax court, which found that the property was not being used for a charitable purpose.
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November 06, 2026
Mary McNulty of Holland & Knight was lead tax counsel in ExxonMobil's landmark litigation related to the company's partnership with Qatar and won a consequential appellate decision on the meaning of a limited liability partner, earning her a spot as one of the 2026 Law 360 Tax MVPs.
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November 06, 2026
A 13-story Maryland office building was initially overvalued by a local assessor in 2023 and 2024 but undervalued after a local appeal by the owner, the Maryland Tax Court said, increasing the valuation by about $5 million for each year.
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November 06, 2026
Colorado will replace its flat income tax rate with a graduated system, cutting taxes for nearly all residents and boosting rates for high earners to provide more than $2 billion in new annual revenue, under a ballot measure narrowly approved by voters, according to election results posted Friday.
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November 06, 2026
In this week's Taxation With Representation, Marvell Technology buys data center optics maker Lumentum, defense technology company Shield acquires radar company Echodyne, and CVS Health plans to split into two independent, publicly traded companies.
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November 05, 2026
A Colorado Court of Appeals panel affirmed a $122 million assessment of a Ritz-Carlton timeshare location, finding Thursday that Colorado law doesn't recognize the fractional-ownership model used at the Colorado mountain property.
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November 05, 2026
A New York State appellate court Thursday quizzed attorneys for President Donald Trump and state prosecutors over his hush-money conviction, exploring defense counsel's claims that the district attorney trespassed into federal jurisdiction by charging election violations and trampled on presidential immunity in a case "infected with multiple fatal errors."
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November 05, 2026
Two Georgia partnerships that formed to buy adjacent tracts of rural, mountainous land in Tennessee improperly claimed charitable contribution deductions of about $26.7 million and $19.4 million, the U.S. Tax Court ruled Thursday, saying the companies failed to obtain a qualified appraisal.
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November 05, 2026
Home Depot said it opposed combining every proposed customer class action over increased costs from tariffs into multidistrict litigation, claiming there are too many economic differences between the suits.
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November 05, 2026
Atlanta-based firm Wiggam Law has expanded its tax law team by adding a former Internal Revenue Service attorney who brings more than 24 years of experience representing taxpayers and the government.
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November 05, 2026
The IRS wrongly asserted a roughly $10.6 million income tax underpayment and $4.3 million in penalties against an Alabama partnership, the company told the U.S. Tax Court, disputing the agency's determination that it failed to show it's entitled to a $28.8 million charitable contribution claimed for a conservation easement donation.
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November 05, 2026
Thirteen individuals were arrested in Germany and Austria over links to a cross-border value-added tax fraud scheme involving luxury vehicles that caused an estimated €100 million ($112 million) in tax losses, the European Public Prosecutor's Office said Thursday.
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November 05, 2026
Eiko Stange, a member of Wachtell Lipton Rosen & Katz's tax practice, was lead counsel on OpenAI's corporate restructuring and recapitalization, advised Honeywell on its aerospace business's $72 billion spinoff and oversaw the tax implications of Unilever's $44 billion combination with McCormick, earning him a spot as one of the 2026 Law360 Tax MVPs.
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November 05, 2026
The U.S. Tax Court properly ruled that an Oklahoma couple owe roughly $260,000 in taxes and penalties because their ranch wasn't operated for profit as they had asserted, the IRS told the Tenth Circuit, saying they lacked a profit motive to claim deductions for their expenses.
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November 05, 2026
A U.S. Virgin Islands federal judge declined to rethink his order holding that the territory's residents are exempt from the net investment income tax, ruling that local revenue collectors' disagreement with his reasoning is not grounds for reconsideration.
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November 05, 2026
Vacant residential properties in Boulder, Colorado, will be subject to an excise tax starting at $4,000 annually under a ballot measure the city said was approved by voters.
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November 05, 2026
Faegre Drinker Biddle & Reath LLP has hired a Morgan Lewis & Bockius LLP tax associate to join its Philadelphia office as a partner working on federal income tax and other tax matters, according to a Wednesday announcement.
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November 04, 2026
Former SCOTUSblog publisher Tom Goldstein was hit with a $1 million forfeiture order Wednesday by a Maryland federal judge in the wake of his tax and mortgage fraud trial, where the appellate advocate was convicted on a dozen charges.
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November 04, 2026
The IRS erred in denying a $739 million capital loss to an Illinois tool company as well as determining it owes more than $26 million in taxes for 2019 through 2021 and denying its request for a $32 million refund for those years, it told the U.S. Tax Court.
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November 04, 2026
Washington will allow taxation of individual income and, in turn, keep a recently approved high-earner tax, the state's governor said Wednesday.
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November 04, 2026
A New York state appeals court threw out a challenge lodged by homeowners to the rollout of New York City's tax on high-value second homes, saying they lacked standing to bring the suit.