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March 06, 2026
Two labor unions and a retirees group that claimed Department of Government Efficiency personnel were allowed to access Treasury Department computer systems can't proceed with their lawsuit, a D.C. federal judge ruled, finding they failed to establish that the agency's decisions can be considered a final agency action.
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March 06, 2026
The U.S. Department of the Treasury and the Internal Revenue Service proposed tax guidance Friday for people considering the government's offer to make $1,000 contributions under a new type of individual retirement accounts for children known as Trump accounts.
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March 06, 2026
In this week's Taxation With Representation, British insurer Beazley accepts a cash takeover offer from Zurich Insurance Group, a consortium of investors led by Blackrock's Global Infrastructure Partners and the EQT Infrastructure VI fund buys energy company AES, and private equity firm Thoma Bravo acquires third-party logistics provider WWEX.
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March 06, 2026
Colorado would raise its property tax exemption for mobile homes and implement other changes recommended by a state task force under legislation passed by the state House of Representatives on Friday.
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March 05, 2026
A federal court judge has sided with California Gov. Gavin Newsom in a dispute over a tribal Class III gaming compact, saying the Morongo Band of Mission Indians failed to show an actual controversy with the state under Article III of the Constitution.
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March 05, 2026
Revamped rules requiring taxpayers to disclose certain microcaptive insurance arrangements to the Internal Revenue Service do not violate the Administrative Procedure Act, a Tennessee federal judge found Thursday, saying multiple U.S. Tax Court decisions show the arrangements can be used to avoid taxes.
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March 05, 2026
The U.S. government cannot force a Floridian facing a $28 million tax bill to repatriate assets from his trusts because they're governed by Bahamian law and thus the trustee, a Bahamian trust provider, has sole discretion over making distributions, the provider told a federal court.
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March 05, 2026
A coalition of 24 states sued President Donald Trump's administration Thursday in the U.S. Court of International Trade to block global tariffs that the White House imposed shortly after the U.S. Supreme Court struck down an earlier round of tariffs.
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March 05, 2026
A Minnesota office building was slightly overvalued, the state tax court ruled, agreeing in part with the property owners' income approach and finding that the building's free market value was $108 million.
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March 05, 2026
Burlington Coat Factory illegally charges shoppers a sales tax on items for babies and toddlers, including clothing, apparel and shoes, despite that it's been years since the Florida Legislature passed a tax exemption for those products, according to a proposed consumer protection class action filed Wednesday in Florida federal court.
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March 05, 2026
The U.K. government confirmed the designation of two investment zones in Scotland on Thursday that will offer tax relief to businesses in renewable energy and other sectors.
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March 05, 2026
A Lithuanian business' proceeds from the trading of virtual gold in an online video game are not exempt from value-added tax, the European Union's top court ruled Thursday, supporting efforts from the Lithuanian government to collect the tax.
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March 04, 2026
A U.S.-German citizen asked a Florida federal court to toss a nearly $19.6 million tax penalty assessed by the IRS for failing to report foreign bank account information, telling a judge on Wednesday that he wasn't able to take his case before a jury.
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March 04, 2026
A commercial real estate owner found guilty of hiding nearly $5 million in income from the Internal Revenue Service asked a Washington federal court for a sentence of home confinement, saying he has changed his family business to eliminate the chances he will file false or late returns.
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March 04, 2026
The Eleventh Circuit should not apply the reasoning used by the Eighth Circuit in its October ruling for 3M Co. to allow Coca-Cola to indefinitely defer taxes it owes under IRS transfer pricing regulations, the U.S. government said Wednesday.
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March 04, 2026
The U.S. will "likely" raise the rate of its global tariff regime to 15% this week, Treasury Secretary Scott Bessent said Wednesday, all but ensuring that the country's total tariff rates will exceed agreed-upon limits in many key trade deals.
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March 04, 2026
A Texas couple that had claimed three years of farming losses owes deficiencies of just over $1.8 million for 2015-18, the U.S. Tax Court said in an order and decision upholding IRS computations in the case.
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March 04, 2026
A partnership belonging to two conservationists challenged the Internal Revenue Service's rejection of its $20 million tax deduction for donating a protective easement in South Carolina, telling the U.S. Tax Court that land values around the property had risen substantially.
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March 04, 2026
A proposed Georgia constitutional amendment for placement on the November ballot that would have reduced property tax rates over time failed to get the 120 votes necessary to pass the state House of Representatives.
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March 03, 2026
The Seventh Circuit granted banking and credit union trade groups' bid to fast-track their appeal over the Illinois Interchange Fee Prohibition Act after they asked to schedule the case for a decision before the law banning swipe fees on tax and tip payments takes effect July 1.
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March 03, 2026
A Washington state appeals panel handed a win to Washington's Department of Revenue on Tuesday, reversing a lower court's order that the department owed a $10.9 million tax refund to a title insurance and settlement services company.
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March 03, 2026
A taxpayer group challenging the legality of a deal allowing the Internal Revenue Service to share taxpayer location information with immigration authorities asked the D.C. Circuit to remand part of the case to investigate the IRS' admission that it improperly shared addresses under the agreement.
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March 03, 2026
A flooring company cannot challenge a lower court's ruling that HM Revenue & Customs correctly used a lower salary figure than provided to determine payments under a wage subsidy scheme during the COVID-19 pandemic, the Upper Tribunal said in a decision released Tuesday.
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March 03, 2026
A businessman who owes more than $19 million to a company subject to forfeiture over its involvement in a $511 million biofuel tax credit fraud must hand over the money to the federal government now that a catfishing scheme targeting him is resolved, the government told a Utah federal court.
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March 03, 2026
An Oklahoma federal judge has denied a bid by the Osage Nation for an order that would vacate a decades-old Tenth Circuit decision that determined its reservation boundaries had been disestablished, saying the district court is no longer active in the case and must continue to rely on precedent.