Tax

  • January 28, 2026

    Investor Says Cannabis Biz Shielded Tax Debt Before Sale

    A Los Angeles investor claimed in a state lawsuit that he was defrauded out of $100,000 by a cannabis business owner and brokers who sold him shares in a dispensary without warning him that its tax debt was nearly $150,000.

  • January 28, 2026

    Partnerships Fight Nix Of $163M In Conservation Tax Breaks

    The IRS wrongly rejected nearly $163 million in claimed tax deductions for conservation easement donations by two Georgia partnerships and then penalized them for negligence and gross valuation misstatements, a partnership representative told the U.S. Tax Court in challenging the determinations.

  • January 28, 2026

    Fund Managers Should Be Taxed As Partners, UK Court Told

    Portfolio managers at a hedge fund should be taxed as partners, not disguised employees, because they have significant influence at the partnership, a hedge fund told the U.K. Supreme Court on Wednesday.

  • January 28, 2026

    Tax Group Of The Year: Skadden

    Skadden Arps Slate Meagher & Flom LLP's tax practice guided several major cases and deals this past year, including representing drugmaker Amgen Inc. in one of the largest transfer pricing cases litigated last year, earning the firm a spot among the 2025 Law360 Tax Groups of the Year.

  • January 28, 2026

    11th Circ. Panel Skeptical Of $20.7M Conservation Deduction

    Eleventh Circuit judges expressed doubts Wednesday about a partnership's effort to restore its $20.7 million tax deduction for donating a conservation easement, saying the U.S. Tax Court had found that the partnership's managers thought the land was actually worth far less.

  • January 30, 2026

    Law360 Seeks Members For Its 2026 Editorial Boards

    Law360 is looking for avid readers of our publications to serve as members of our 2026 editorial advisory boards.

  • January 27, 2026

    Wis. Homeowners Challenge Tribal Tax Ruling At 7th Circ.

    A group of Wisconsin homeowners is asking the Seventh Circuit to revive its claims that local political jurisdictions of the Menominee Indian Tribe joined forces to increase the homeowners' tax burden, arguing a lower court was wrong to dismiss the case.

  • January 27, 2026

    Korean Lawmakers Duel Over Trump Tariff Threat Response

    President Donald Trump's threat of a tariff hike on South Korea for "not living up to" its trade deal with the U.S. had South Korea's two major parties warring Tuesday over the pact's approval process.

  • January 27, 2026

    Eversheds Sutherland Tax Partner Returns After IRS Gig

    Eversheds Sutherland has added a former partner who left the firm for his last role as a special counsel with the Internal Revenue Service and rejoins as a partner in the Washington, D.C.-based tax group, the firm announced Tuesday.

  • January 27, 2026

    EU, India Reach Major Free Trade Agreement

    The European Union and India have struck a deal on a free trade agreement including major tariff removals and reductions, culminating decades' worth of negotiations between the second- and fourth-largest economies in the world, the governments announced Tuesday.

  • January 27, 2026

    Trump's Greenland Tariff Threats Could Backfire On US

    The brief turmoil over President Donald Trump's sweeping tariff threats involving Greenland has abated for Europe and the global financial markets, but European governments may be more likely to retaliate with their own tariffs on the U.S. in the future, experts said.

  • January 26, 2026

    Justices' FCC Review Could Reshape IRS Penalty Disputes

    The U.S. Supreme Court's upcoming review of a pair of cases questioning the validity of the Federal Communications Commission's penalty authority could have ripple effects that further delineate the Internal Revenue Service's authority to impose penalties.

  • January 26, 2026

    DOJ Urges 6th Circ. To Uphold IRS Jet Fee Excise Tax

    A fractional aircraft ownership company is liable for federal excise taxes, the U.S. Department of Justice told the Sixth Circuit, arguing that the company failed to establish any statutory or equitable defense while urging the appellate judges to affirm a lower court's ruling.

  • January 26, 2026

    Canada Says China Tariff Agreement Isn't Free Trade Deal

    Canadian Prime Minister Mark Carney and the country's foreign affairs minister downplayed the country's recent tariff deescalation with China, indicating Canada will not pursue a free trade agreement with China as President Donald Trump threatened a 100% tariff this weekend over the deal.

  • January 26, 2026

    Canada Creates Tax Benefit For Groceries

    Canada is rolling out a tax credit for groceries that will raise goods and services tax relief by 25% until 2031, among other measures, the prime minister announced Monday.

  • January 26, 2026

    Catching Up With Delaware's Chancery Court

    The Delaware Chancery Court wrapped up the week with a slate of high-stakes deal challenges, governance rulings and oversight decisions, including an emergency bid to block a $10.9 billion bank merger, a state Supreme Court reversal reshaping stockholder agreement litigation and a major opinion allowing sexual misconduct oversight claims to proceed.

  • January 26, 2026

    Treasury Cancels Booz Allen Contracts Following Leak

    The U.S. Department of the Treasury is canceling $21 million in contracts with consulting firm Booz Allen Hamilton after a massive leak at the Internal Revenue Service that included President Donald Trump's tax returns, the department said Monday.

  • January 23, 2026

    Victims In $93M Fraud Fight Receiver's 3rd-Party Claims Plan

    Investors in a $93 million Miami real estate development scheme are protesting a proposal by the receiver of the company's estate to hire her own law firm, increase the receiver fees and go after recipients of fraudulent transfers, claiming the proposal will increase costs and decrease transparency.

  • January 23, 2026

    Conn. High Court Snapshot: $13.2M Estate Tax Tops January

    The state of Connecticut's attempt to collect $13.2 million in taxes from the estate of a healthcare executive and a hospital's potential liability for releasing a mental health patient who later killed his girlfriend are two of the top cases on the Connecticut Supreme Court's January and February docket. Here are the highlights of the court's fourth term of its 2025-2026 season.

  • January 23, 2026

    Massachusetts Macy's Store Overvalued, Tax Board Says

    A Macy's store in Massachusetts was overvalued by a local assessor, the state's Appellate Tax Board said Friday, reducing assessed values for the store for years 2020-2022.

  • January 23, 2026

    EU To Suspend US Tariff Countermeasures Another 6 Months

    The European Union will suspend tariff countermeasures covering more than €93 billion ($110 billion) of U.S. goods another six months after President Donald Trump backed down from tariff threats this week in reaching a preliminary agreement on U.S. security interests in Greenland, an official said Friday.

  • January 23, 2026

    Ex-Judge's Tax Issues Back License Revocation, Court Told

    A North Carolina appeals court should uphold the suspension of a former state court judge's law license over alleged misconduct at his law firm and on the bench, the state bar said, arguing the disciplinary board acted within its power and had sufficient evidence to revoke his license.

  • January 23, 2026

    Hawaii House Bill Would Legalize, Tax Cannabis

    Hawaii would allow adult-use cannabis sales in the state and tax the sales under a bill introduced in the state House of Representatives.

  • January 23, 2026

    Suit Accusing FTM Wealth Of Tax Scam Faces Jurisdiction Test

    A precious metals partnership notified a Colorado federal judge of plans to move its lawsuit against FTM Wealth to state court after learning from FTM member Nathaniel Ott's lawyer that he is a Colorado citizen in a case over an alleged tax scam that the plaintiffs say cost them $12 million.

  • January 23, 2026

    UN Committee Releases Revised Tax Convention Template

    The United Nations released an updated template for the framework convention on international tax cooperation with more descriptive wording on allocating taxing rights, a new article on exchange of information and trimmed commitments on harmful tax practices.

Expert Analysis

  • Series

    Fly-Fishing Makes Me A Better Lawyer

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    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.

  • 4 Ways GCs Can Manage Growing Service Of Process Volume

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    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.

  • Series

    The Law Firm Merger Diaries: Forming Measurable Ties

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    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.

  • 3 Key Takeaways From Planned Rescheduling Of Cannabis

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    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.

  • OFAC Sanctions Will Intensify Amid Global Tensions In 2026

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    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.

  • 5 E-Discovery Predictions For 2026 And Beyond

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    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.

  • 2026 Enforcement Trends To Expect In Maritime And Int'l Trade

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    The maritime and international trade community should expect U.S. federal enforcement to ramp up in 2026, particularly via Office of Foreign Asset Control shipping sanctions, accelerating interagency investigations of trade fraud, and U.S. Coast Guard narcotics and pollution inspections, say attorneys at Holland & Knight.

  • Series

    Judges On AI: How Courts Can Boost Access To Justice

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    Arizona Court of Appeals Judge Samuel A. Thumma writes that generative artificial intelligence tools offer a profound opportunity to enhance access to justice and engender public confidence in courts’ use of technology, and judges can seize this opportunity in five key ways.

  • Examining Privilege In Dual-Purpose Workplace Investigations

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    The Sixth Circuit's recent holding in FirstEnergy's bribery probe ruling that attorney-client privilege applied to a dual-purpose workplace investigation because its primary purpose was obtaining legal advice highlights the uncertainty companies face as federal circuit courts remain split on the appropriate test, say attorneys at Proskauer.

  • Hot Topics For Family Offices In 2026

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    For family offices, the throughline of 2026 is disciplined readiness, as navigating impact from the One Big Beautiful Bill Act and platform maturation will be necessary to preserve flexibility and enhance client outcomes, say attorneys at Morgan Lewis.

  • Opinion

    The Case For Emulating, Not Dividing, The Ninth Circuit

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    Champions for improved judicial administration should reject the unfounded criticisms driving recent Senate proposals to divide the Ninth Circuit and instead seek to replicate the court's unique strengths and successes, says Ninth Circuit Judge J. Clifford Wallace.

  • Series

    Muay Thai Makes Me A Better Lawyer

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    Muay Thai kickboxing has taught me that in order to win, one must stick to one's game plan and adapt under pressure, just as when facing challenges by opposing counsel or judges, says Mark Schork at Feldman Shepherd.

  • Series

    Law School's Missed Lessons: Intentional Career-Building

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    A successful legal career is built through intention: understanding expectations, assessing strengths honestly and proactively seeking opportunities to grow and cultivating relationships that support your development, say Erika Drous and Hillary Mann at Morrison Foerster.

  • How Changes At The IRS Will Affect Tax Controversy In 2026

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    Taxpayers will need to adjust approaches to dealing with the IRS in 2026, as the agency is likely to shift its audit strategies and increases reliance on technology following the significant reductions in funding and personnel last year, say attorneys at Crowell & Moring.

  • 5 Tariff And Trade Developments To Watch In 2026

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    A new trade landscape emerged in 2025, the contours of which will be further defined by developments that will merit close attention this year, including a key ruling from the U.S. Supreme Court and a review of the U.S.-Mexico-Canada Agreement, says Ted Posner at Baker Botts.

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