Tax

July 03, 2025
Circuit-By-Circuit Recap: Justices Send Message To Outliers

It was a tough term at the U.S. Supreme Court for two very different circuits — one solidly liberal, one solidly conservative — that had their rulings overturned in eye-popping numbers. But it was another impressive year for a relatively moderate circuit that appears increasingly simpatico with the high court.
July 03, 2025
The Moments That Shaped The Universal Injunction Case

The U.S. Supreme Court voted along ideological lines when it hindered the ability of federal district court judges to issue nationwide pauses on presidential policies, but that outcome didn't seem like a foregone conclusion during oral arguments earlier this year. What do the colloquies suggest about the justices' thinking? Here are some moments that may have swayed them.
July 03, 2025
Conn. Man Charged In $6.2M Tax Refund Scheme

Federal prosecutors in Connecticut accused a man of using sham trusts to claim $6.2 million in unwarranted tax refunds and bilking the state for unemployment insurance benefits.
July 03, 2025
The Firms That Won Big At The Supreme Court

The number of law firms juggling three or more arguments before the U.S. Supreme Court this past term nearly doubled from the number of firms that could make that claim last term.
July 03, 2025
Breaking Down The Vote: The High Court Term In Review

The U.S. Supreme Court once again waited until the term's closing weeks — and even hours — to issue some of its most anticipated and divided decisions.
July 02, 2025
Solar Farm Halt Can't Rest On Federal Tax Credits, Judge Says

A federal judge has dismissed a lawsuit seeking to block a NextEra Energy solar farm in Kansas, saying arguments that the project can't receive federal clean energy tax credits until it undergoes an environmental review aren't supported by law.
July 02, 2025
Tax Court Rejects IRS' Partnership Income Adjustment Regs

The U.S. Tax Court ruled Wednesday that the IRS was too late to adjust a Texas real estate partnership's income under a relatively new centralized audit regime, holding that regulations providing a longer adjustment period had exceeded the agency's rulemaking authority granted by Congress.
July 02, 2025
Okla. Justices Say Tribal Citizen Must Pay State Income Taxes

Oklahoma's high court upheld a decision to deny a state tax-exempt status for a member of the Muscogee (Creek) Nation, saying that a 2020 U.S. Supreme Court decision affirming the boundaries of the tribe's reservation does not apply in the dispute.
July 02, 2025
GOP Reps. Want Probe Of RI Judge Blocking Funding Freeze

Two Republican U.S. House members have asked the First Circuit to investigate a Rhode Island federal judge who blocked a Trump administration spending freeze, claiming the judge's link to a funding recipient constitutes a conflict of interest, one of those congressmen's office confirmed to Law360 Pulse on Wednesday.
July 02, 2025
Trump Announces Trade Deal With Vietnam

The U.S. government reached a trade deal with Vietnam days before a pause on worldwide tariffs is set to expire, President Donald Trump announced Wednesday.
July 02, 2025
The Funniest Moments Of The Supreme Court's Term

After justices and oral advocates spent much of an argument pummeling a lower court's writing talents, one attorney suggested it might be time to move on — only to be told the drubbing had barely begun. Here, Law360 showcases the standout jests and wisecracks from the 2024-25 U.S. Supreme Court term.
July 02, 2025
Mortgage Lender Says IRS Owes $1.2M In Retention Credits

The IRS has delayed paying a mortgage lender $1.2 million in tax credits for keeping employees on payroll during the COVID-19 pandemic, when the company said it was forced to curtail business because of a pause on evictions, according to a complaint in Alabama federal court.
July 01, 2025
The Sharpest Dissents From The Supreme Court Term

The term's sharpest dissents often looked beyond perceived flaws in majority reasoning to raise existential concerns about the role and future of the court, with the justices accusing one another of rewarding executive branch lawlessness, harming faith in the judiciary and threatening democracy, sometimes on an emergency basis with little briefing or explanation.
July 01, 2025
Justices Face Busy Summer After Nixing Universal Injunctions

The U.S. Supreme Court's decision to limit nationwide injunctions was one of its biggest rulings of the term — a finding the court is likely going to be dealing with all summer. Here, Law360 takes a look at the decision, how it and other cases on the emergency docket overshadowed much of the court's other work, and what it all means for the months to come.
July 01, 2025
NJ Governor Signs Bill Hiking Tax For Online Sports Betting

New Jersey Gov. Phil Murphy has approved a bill that will increase the tax for online gambling and sports betting to 19.75% just hours after the measure was passed by both houses of the state's Legislature.
July 01, 2025
DOJ Accuses Family Of $8.5M Tax Refund Scheme

A father and his twin sons filed false tax returns that sought more than $8.5 million in fraudulent refunds and they used the proceeds to buy cryptocurrency and real estate, according to the U.S. Department of Justice in a Texas federal court.
July 01, 2025
Axing Lit Funding Tax Bid Relieves Industry But Fears Remain

Litigation funders are breathing a sigh of relief after a provision to impose a 41% punitive tax on the $16 billion industry was stripped Tuesday from the massive federal spending bill, but many think the episode is just the prelude to further battles with corporate opponents.
July 01, 2025
Colts' New Owners Might Break NFL's Glass Ceilings

It took less than three weeks for control of the NFL's Indianapolis Colts to officially shift from late owner Jim Irsay to his three daughters. While the continuity assured by the transition did not surprise legal experts, the potential for the trio to break new ground has those experts watching closely.
June 30, 2025
Trump Tariff Challenge Belongs In Trade Court, Groups Argue

The America First Legal Foundation and Coalition for a Prosperous America on Monday backed the federal government in an appeal brought by toy makers challenging President Donald Trump's emergency tariffs, arguing that the lower court should've never issued an injunction because the dispute belongs in the U.S. Court of International Trade.
June 30, 2025
Conn. Expects Corporate Tax Changes To Raise Almost $350M

Connecticut will make changes to corporate taxes that are projected to raise nearly $350 million over two years — largely from repealing the state's $2.5 million cap on tax increases for some combined unitary taxpayers — under the 2026-27 budget signed Monday by the governor.
June 30, 2025
Yoga To The People Founder Gets 4 Years For Tax Evasion

A Manhattan federal judge Monday sentenced the founder of Yoga to the People to four years in prison for dodging more than $1 million in taxes over an eight-year period, during which the once-popular fitness chain did not file a single corporate tax return.
June 30, 2025
Canada Removing Digital Tax To Salvage US Trade Talks

Canada has agreed to roll back its 3% digital services tax just ahead of Monday's first payment deadline in order to continue trade negotiations with the U.S., Canadian Prime Minister Mark Carney announced Sunday evening.
June 30, 2025
Top State & Local Tax Cases Of 2025: Midyear Report

From the U.S. Supreme Court ruling in favor of a group of Catholic charities seeking an unemployment tax exemption to the New York Supreme Court ruling on the state's rule governing the application of P.L. 86-272, it's been a busy first half of the year for state and local tax. Here, Law360 looks at some of the top state and local tax cases of the past six months.
June 30, 2025
Immigrant Groups Urge DC Circ. To Stop IRS-ICE Info Deal

Tax privacy law bars the IRS from sharing taxpayer addresses with immigration authorities, even to facilitate criminal investigations, immigrant advocacy groups told the D.C. Circuit, urging it to stanch an information-sharing deal that claims to help the government probe immigrants who have avoided deportation.
June 30, 2025
RI Allows Local Tax Amnesty Programs For Every 3 Years

Rhode Island authorized municipalities to establish local tax amnesty programs every three years to give people and businesses a chance to resolve outstanding property tax liabilities without accruing interest under legislation signed by the governor.

Expert Analysis

Tracking The Evolution In Litigation Finance

Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.
Series

Volunteer Firefighting Makes Me A Better Lawyer

While practicing corporate law and firefighting may appear incongruous, the latter benefits my legal career by reminding me of the importance of humility, perspective and education, says Nicholas Passaro at Ford.
Tax Takeaways From Georgia's 2025 Legislative Session

Attorneys at Eversheds Sutherland discuss tax-related measures passed by the Georgia Legislature during the session that adjourned on April 4, which included a decrease in income tax rates, an extension of the time in which to a protest tax assessment and cleanup provisions related to launching the state’s new tax court next year.
E-Discovery Quarterly: The Perils Of Digital Data Protocols

Though stipulated protocols governing the treatment of electronically stored information in litigation are meant to streamline discovery, recent disputes demonstrate that certain missteps in the process can lead to significant inefficiencies, say attorneys at Sidley.
Maximizing Exemptions Before TCJA Rides Into The Sunset

Excerpt from Practical Guidance

Individuals with taxable estates can optimize the benefits of estate planning strategies like spousal lifetime access trusts by setting them up before increases in estate and gift tax exemptions under the 2017 Tax Cuts and Jobs Act sunset in January, say attorneys at Katten.
Series

Law School's Missed Lessons: Preparing For Corporate Work

Law school often doesn't cover the business strategy, financial fluency and negotiation skills needed for a successful corporate or transactional law practice, but there are practical ways to gain relevant experience and achieve the mindset shifts critical to a thriving career in this space, says Dakota Forsyth at Olshan Frome.
A Cold War-Era History Lesson On Due Process

The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.
Series

Improv Makes Me A Better Lawyer

Improv keeps me grounded and connected to what matters most, including in my legal career where it has helped me to maintain a balance between being analytical, precise and professional, and creative, authentic and open-minded, says Justine Gottshall at InfoLawGroup.
How BigLaw Executive Orders May Affect Smaller Firms

Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.
Opinion

Lawsuits Shouldn't Be Shadow Assets For Foreign Capital

Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.
How To Accelerate Your Post-Attorney Career Transition

Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.
Tariffs And FCA Create Perfect Storm For Importers

The Trump administration's aggressive tariff policies pose a high risk to certain importation practices that are particularly likely to trigger False Claims Act enforcement, say attorneys at Jeffer Mangels.
Opinion

US Reassessment Of OECD Tax Deal Is Right Move

The wholesale U.S. reevaluation of the Organization for Economic Cooperation and Development's global tax deal ordered by President Donald Trump is a positive step that could ultimately create a more durable international tax system, says Anne Gordon at the National Foreign Trade Council.
Series

Law School's Missed Lessons: Be An Indispensable Associate

While law school teaches you to research, write and think critically, it often overlooks the professional skills you will need to make yourself an essential team player when transitioning from a summer to full-time associate, say attorneys at Stinson.
Series

Birding Makes Me A Better Lawyer

Observing and documenting birds in their natural habitats fosters patience, sharpens observational skills and provides moments of pure wonder — qualities that foster personal growth and enrich my legal career, says Allison Raley at Arnall Golden.