Tax

  • May 19, 2026

    IRS Finalizes Changes To Partnership Interest Sales

    The IRS issued final regulations Tuesday that remove a requirement for partnerships to include information in tax returns to help partners who sold interests in businesses with noncapital assets determine their gain or loss, preserving the rules as proposed last year.

  • May 19, 2026

    UK Eyes Property Tax Charge For Multimillion-Pound Homes

    The U.K. government is seeking feedback on a property tax surcharge for homes worth at least £2 million ($2.67 million), according to a consultation launched Tuesday.

  • May 19, 2026

    Ride-Hail App Bolt Can't Get £190M VAT Break, HMRC Argues

    Ride-hailing company Bolt shouldn't be able to claim a £190 million ($254.3 million) value-added tax exemption for travel agents and tour operators because its drivers provide transportation and don't lead tours or book vacations, the U.K.'s tax authority argued before a London court on Tuesday.

  • May 19, 2026

    Maynard Nexsen Adds Transactional Tax Pro In NC

    Maynard Nexsen PC announced that it has added a partner to the firm's tax practice group from Nelson Mullins Riley & Scarborough LLP, adding that the Charlotte, North Carolina, hire brings expertise in transactional tax structuring and planning.

  • May 18, 2026

    Pot Co. Fraud Suit Over $13M Tax Debt Ends In Settlement

    Investors have agreed to end a lawsuit against the former CEO of cannabis firm Devi Holdings Inc., claiming the executive and early investors hid over $13 million in unpaid taxes to induce $25.9 million in stock purchases that later became worthless, according to a Florida federal judge's order.

  • May 18, 2026

    Madigan Ruling May Offer High Court New Bribery Test

    The Seventh Circuit found enough "overwhelming" evidence last month to sustain the conviction of former Illinois House Speaker Michael Madigan, but a U.S. Supreme Court that's spent years narrowing the reach of public corruption laws may be interested in whether prosecutors proved a sufficiently specific quid pro quo.

  • May 18, 2026

    Real Estate Broker Gets 55 Months In $2.25M Investor Fraud

    A former real estate professional was sentenced to 55 months in prison by a Washington federal judge on Friday, after being convicted for conning $2 million from investors that would purportedly go toward purchasing and renovating properties, but was actually used to buy, among other things, a customized Tesla and a diamond ring.

  • May 18, 2026

    Feds Say TerrAscend Owes Back $8M Tax Refund

    Multistate cannabis operator TerrAscend erroneously received more than $8 million in tax refunds that should never have been issued because of a federal law that bars traffickers in controlled substances from taking business deductions, the U.S. government said in a new lawsuit.

  • May 18, 2026

    Pa. High Court Snapshot: Wegmans, PennDot Top May Lineup

    The Pennsylvania Supreme Court's May session begins Tuesday with an argument whether the state's Department of Transportation can be sued over a tree branch that fell onto a state road, even though the tree itself was growing from Southeastern Pennsylvania Transportation Authority property.

  • May 18, 2026

    Interest Wrongly Refunded Is Subject To Relief, 4th Circ. Says

    A woman is eligible for innocent spouse relief on interest owed to the IRS after an erroneous refund, the Fourth Circuit held Monday, reversing a 2024 U.S. Tax Court ruling.

  • May 18, 2026

    Minn. Lawmakers OK Federal Conformity, Property Tax Relief

    Minnesota would conform with several changes to the federal tax code and extend its workaround of the cap on corporate deductions for state and local taxes under an omnibus tax package approved by lawmakers and heading to Gov. Tim Walz.

  • May 18, 2026

    HMRC Wins Appeal In £56M Supplements Dispute

    A supplements provider can rely only on expert evidence limited to the nutritional quality of the products in a £56 million ($75 million) value-added tax dispute with HM Revenue & Customs, a London tribunal said in a ruling siding with the tax agency released Monday.

  • May 18, 2026

    Pullman & Comley Pans 'Absurd' Challenge To Tax Sale

    Pullman & Comley LLC has urged a Connecticut state judge to dismiss a challenge to its representation of the town of Woodstock's tax collector, saying a resident who owes money has pressed "the absurd claim that a municipality is forbidden from retaining counsel to assist in its collection of municipal taxes."

  • May 18, 2026

    K&L Gates Tax Trio Joins Holland & Knight In Dallas

    Holland & Knight LLP announced Monday that three Dallas-based state and local tax attorneys from K&L Gates LLP have joined the firm's tax, executive compensation and benefits practice.

  • May 18, 2026

    Return's Fraud Voids Assessment Deadline, IRS Tells Justices

    The IRS can slap a tax assessment against a taxpayer without time constraints when a return is fraudulent, even if a third-party preparer was the scammer, the agency told the U.S. Supreme Court in opposing a woman's petition for relief from what she alleges was her accountant's deception.

  • May 18, 2026

    Spain To Pay Shakira €60M After Tax Fraud Acquittal

    The Spanish government must pay Shakira over €60 million ($70 million), including interest, after a Madrid court acquitted the Colombian singer of allegations of tax fraud in a long-running dispute over her residency status, the court announced Monday.

  • May 18, 2026

    Iowa Aligns With Boosted Fed. Tax Gambling Reporting Level

    Iowa aligned with a higher threshold under federal tax law for determining when state income tax must be withheld on gambling winnings as part of a bill signed by the governor.

  • May 18, 2026

    Trump-IRS Deal To Create $1.8B 'Anti-Weaponization' Fund

    The U.S. Department of Justice announced Monday that it will create a $1.8 billion "anti-weaponization fund" with the proceeds of a settlement between President Donald Trump and the IRS over the leaks of his tax information.

  • May 15, 2026

    Atty Tied To Trump Pardon Headed For August Extortion Trial

    A New York federal judge on Friday set an August trial date for a South Carolina attorney and lobbyist on extortion charges tied to his work as a purported go-between for people with serious legal troubles seeking clemency from President Donald Trump.

  • May 15, 2026

    Co-Founder Of Robocall Company Liable For $4.3M Tax Debt

    A Michigan federal judge on Friday granted the U.S. government's bid to hold the co-founder of a defunct telemarketing fundraiser personally liable for more than $4.3 million in unpaid payroll taxes, finding that he controlled the company's finances and willfully failed to pay the Internal Revenue Service. 

  • May 15, 2026

    DC Circ. Hears Russia's Bid To Block $5B Yukos Award

    The Russian Federation's constitution and statutes make clear that Vladimir Putin's administration and Yukos Oil Co.'s financing arm didn't have a valid agreement to arbitrate a dispute that resulted in a nearly $5 billion arbitral award against the country, Russia told the D.C. Circuit Friday.

  • May 15, 2026

    IRS Asks Fed. Circ. To Overturn COVID-Era Deadline Ruling

    The IRS announced Friday that it will ask the Federal Circuit to overturn a claims court decision allowing a California business owner to recover penalties and interest he had tried to get refunded during the COVID-19 pandemic, challenging an interpretation that offered potential relief for others. 

  • May 15, 2026

    Trump May Lack Ability To Sue His Own IRS, Attys Say

    A Florida federal court should carefully examine the relationship between President Donald Trump and the Internal Revenue Service when considering whether it has jurisdiction over his $10 billion suit against the agency over the leak of his tax information, a group of attorneys said.

  • May 15, 2026

    Senators Seek Info From SBA On Tariff Loan Gap

    The top Democratic lawmakers on the U.S. Senate Finance and Senate Small Business committees asked the Small Business Administration for information regarding loans for companies seeking assistance following increased tariff costs, according to a letter made public Friday.

  • May 15, 2026

    Trade Probes Likely To Be Strong Bulwark For Trump's Tariffs

    President Donald Trump will likely deploy new tariffs this summer across numerous countries under a law that provides the federal government with its strongest legal footing yet in federal court for a global tariff regime.

Expert Analysis

  • Series

    Law School's Missed Lessons: The Human Element

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    Law school teaches you to quickly apply intellect and logic when handling a legal issue, but every fact pattern also involves a person, making the ability to balance expertise with empathy critical to the growth of relationships with clients, colleagues and adversaries, says Rachel Adcox at Adcox Strategies.

  • 4 Ways To Help CBP Curb Shell Co. Import Schemes

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    Shifting to a proactive rather than reactive enforcement posture in addressing shell companies set up to skirt tariffs requires equipping U.S. Customs and Border Protection with enhanced investigative authorities, better intelligence support, and mechanisms to identify and hold accountable the ultimate illicit actors, say attorneys at Kelley Drye.

  • 7 Steps For Gov't Contractors In Post-IEEPA Tariff Landscape

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    In response to U.S. Supreme Court's recent decision to strike down tariffs issued by the Trump administration under the International Emergency Economic Powers Act, there are several actions federal contractors should take to preserve their place in any refund waterfall, and to manage audit, overpayment and False Claims Act risk, say attorneys at Holland & Knight.

  • The Benefits Of Choosing A Niche Practice In The AI Age

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    As artificial intelligence becomes increasingly accessible, lawyers with a niche practice may stand out as clients seek specialized judgment that automation cannot replicate, but it is important to choose a niche that is durable, engaging and a good personal fit, says Daniel Borneman at Lowenstein Sandler.

  • Section 122 Tariffs Show Shift In Strategy, Not Trade Policy

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    By imposing temporary tariffs under Section 122 of the Trade Act as a stopgap measure while it pivots to less transitory statutory authorities, the Trump administration sent a clear message that the U.S. Supreme Court’s decision in Learning Resources v. Trump, invalidating duties imposed under the International Emergency Economic Powers Act, will not precipitate a change in policy direction, say attorneys at Snell & Wilmer.

  • Series

    Podcasting Makes Me A Better Lawyer

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    Podcasting has changed how I ask questions and connect with people, sharpening my ability to listen without interrupting or prejudging, and bringing me closer to what law is meant to be: a human profession grounded in understanding, judgment and trust, says Donna DiMaggio Berger at Becker.

  • Tax Court Ruling Signals Cross-Border Loan Scrutiny

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    The U.S. Tax Court’s recent decision in Aventis v. Commissioner compounds ongoing regulatory focus on debt originations and should prompt practitioners to assess their existing cross-border lending structures for potential exposure to U.S. federal income tax, say attorneys at Eversheds.

  • Ill. Swipe Fee Ruling Sets Stage For A High-Stakes Appeal

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    In Illinois Bankers Association v. Raoul, an Illinois federal court upheld the state's ban on credit and debit card swipe fees on tax and tip payments, while permanently enjoining the statute's data usage limitation, but an imminent appeal could significantly influence the trajectory of state-level payments regulation, say attorneys at Latham.

  • Lessons From Justices' Split On Major Questions Doctrine

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    The justices' varied opinions in Learning Resources v. Trump, which held the International Emergency Economy Powers Act did not confer the power to impose tariffs, offer a meaningful window into the U.S. Supreme Court's perspective on the major questions doctrine that will likely shape lower courts' approach to executive action challenges, say attorneys at Venable.

  • Resilience Planning As Nat'l Security Shifts Tech Import Policy

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    In response to a sustained reorientation of U.S. trade policy around national security considerations, businesses reliant on processed critical minerals must closely monitor diplomatic negotiations and the potential expansion of trade measures, incorporating contingency planning into procurement and long-term investment strategies, says attorney Sohan Dasgupta.

  • How The New Tariff Landscape May Unfold

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    To replace tariffs formerly imposed under the International Emergency Economic Powers Act, the administration will rely on a patchwork of statutes, potentially leading to procedural challenges and a complex tariff landscape with varying levels, durations and applicability, says Joseph Grossman-Trawick at King & Spalding.

  • What Orgs. Should Note In IRS Group Tax Exemption Overhaul

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    In a significant update, the IRS Revenue Procedure 2026-8 shows that the group exemption program is moving into a new regulatory era involving more uniformity, oversight and compliance obligations, and early action is key to preserve group exemption status and avoid disruption for subordinate organizations, says Ravi Sundara at Spencer Fane.

  • Series

    Volunteering With Scouts Makes Me A Better Lawyer

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    Serving as an assistant scoutmaster for my son’s troop reaffirmed several skills and principles crucial to lawyering — from the importance of disconnecting to the value of morality, says Michael Warren at McManis Faulkner.

  • Series

    Law School's Missed Lessons: In Court, It's About Storytelling

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    Law school provides doctrine, cases and hypotheticals, but when lawyers step into the courtroom, they must learn the importance of clarity, credibility, memorability and preparation — in other words, how to tell simple, effective stories, say Nicholas Steverson and Danielle Trujillo at Wheeler Trigg, and Lisa DeCaro at Courtroom Performance.

  • Parsing Clarifications On Foreign Entity Rules For Tax Credits

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    Recent U.S. Internal Revenue Service and Treasury Department guidance answers taxpayer questions on several key foreign entity rules under the One Big Beautiful Bill Act, but questions remain over transactions with companies that have ties to covered nations such as Iran, say attorneys at Cleary.

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