Tax

  • January 02, 2026

    California Legislation And Regulations To Watch In 2026

    Legal experts expect California lawmakers and regulators to continue to grapple with the artificial intelligence boom, various battles with the Trump administration and new climate disclosure requirements in 2026. Here's a short list of the major developments that Golden State attorneys will be watching.

  • January 02, 2026

    Benefits Attys Lock In On High Court As 2026 Gets Underway

    A withdrawal liability case set to be argued at the U.S. Supreme Court in January and a pair of high court petitions from Home Depot workers and Parker-Hannifin will be top of mind for Employee Retirement Income Security Act practitioners as the new year kicks off. Here's a look at those three cases.

  • January 01, 2026

    Blue Slip Fight Looms Over Trump's 2026 Judicial Outlook

    In 2025, President Donald Trump put 20 district and six circuit judges on the federal bench. In the year ahead, a fight over home state senators' ability to block district court picks could make it more difficult for him to match that record.

  • January 01, 2026

    4 High Court Cases To Watch This Spring

    The U.S. Supreme Court justices will return from the winter holidays to tackle several constitutional disputes that range from who is entitled to birthright citizenship to whether transgender individuals are entitled to heightened levels of protection from discrimination. 

  • January 01, 2026

    BigLaw Leaders Tackle Growth, AI, Remote Work In New Year

    Rapid business growth, cultural changes caused by remote work and generative AI are creating challenges and opportunities for law firm leaders going into the New Year. Here, seven top firm leaders share what’s running through their minds as they lie awake at night.

  • December 23, 2025

    SEC, FAT Brands Near Deal In Suit On CEO's $27M Loan Scam

    Restaurant franchiser FAT Brands, its former CEO and other executives told a California federal judge on Tuesday that they reached a deal to resolve the U.S. Securities and Exchange Commission's civil claims that they ran an illegal $27 million personal-loan scheme to fuel the former CEO's lavish lifestyle as the public company floundered.

  • December 23, 2025

    Billionaire's Estate To Pay $750M To End Tax Fraud Case

    The estate of late billionaire Robert Brockman, who died while awaiting a trial in the largest criminal tax fraud case against an individual in U.S. history, agreed Tuesday to pay roughly $750 million in back taxes and penalties, according to a filing in U.S. Tax Court. 

  • December 23, 2025

    Dem Sens. Blast Idea Of Charging Value-Based Patent Fees

    A group of Democratic U.S. senators has asked Commerce Secretary Howard Lutnick not to move forward with a proposed overhaul of the U.S. patent fee system that reportedly would implement fees based on a patent's value, saying such changes would create a "prohibitive bar to innovation for start-ups and other small-to-mid-size businesses."

  • December 23, 2025

    NFL's Chiefs Moving To $3B Stadium In Kansas

    The Kansas City Chiefs are leaving their longtime home in Missouri to play in a new, $3 billion stadium in Kansas City, Kansas, that state's governor and the NFL team announced.

  • December 23, 2025

    Chicago Mayor Allows $16.6B Budget Without Head Tax

    Chicago's mayor said Tuesday that he will neither sign nor veto the City Council's $16.6 billion budget, which does not contain the $33-per-employee monthly tax on larger employers he sought, meaning it will take effect without his signature.

  • December 23, 2025

    Top International Trade Developments Of 2025

    Importers faced novel levels of uncertainty in 2025 as President Donald Trump introduced several new tariff actions during his second term, including some that prompted importers to challenge a law used to authorize duties that had never been used before. Here, Law360 examines the year's top international trade developments.

  • December 23, 2025

    Notable Pennsylvania Legislation Of 2025

    Pennsylvania's much-delayed 2025 budget bill contained some big public-policy changes like ending a carbon cap-and-trade program, offering an $800 income tax credit and providing stopgap funding for mass transit, even as its domination of the state Legislature's time prevented much else from passing, attorneys told Law360 in reviewing major laws that passed in the last year.

  • December 23, 2025

    Mass. Panel OKs $300M Real Estate Transfer Fee Hike

    Massachusetts would double its real estate transfer fees under a bill advanced by a legislative committee that would raise an estimated $300 million annually to fund affordable housing and climate mitigation efforts.

  • December 22, 2025

    10th Circ. Tosses Plumbing Co.'s Captive Deduction Bid

    The Tenth Circuit is not the proper forum for a Utah plumbing company to challenge the Internal Revenue Service's 2016 notice denying a microcaptive insurance deduction, the appeals court found Monday, citing two statutes that bar the company's arguments.

  • December 22, 2025

    6th Circ. Vacates Pharma Salesman's $6.8M Restitution Order

    The Sixth Circuit vacated a nearly $7 million restitution order against a pharmaceutical salesman convicted of healthcare fraud, finding an Ohio federal court erred in calculating that amount and apportioning liability.

  • December 22, 2025

    Chicago Council's $16.6B Budget Axes Mayor's Head Tax Plan

    Chicago aldermen have passed a budget that omits Mayor Brandon Johnson's signature tax proposal of a $33-per-employee monthly tax on larger businesses, setting up a clash with the mayor, who must now decide whether to veto the council's plan.

  • December 22, 2025

    Draft House Bill Would Clarify Tax Rules For Digital Assets

    A bipartisan draft bill in the U.S. House would modernize the federal tax code for digital assets, its backers said, by establishing a "commonsense tax treatment" for regulated payment stablecoins, clarifying source-of-income rules for trading and extending existing securities-lending rules to digital assets.

  • December 22, 2025

    Britney Spears Disputes $720K IRS Bill In Tax Court

    Britney Spears is challenging the IRS over the more than $720,000 it assessed against her in 2021, telling the U.S. Tax Court that the agency improperly increased income she received through her pass-through entity.

  • December 22, 2025

    Tariff Refunds Would Be 'A Mess,' Economic Official Says

    It would be an "administrative problem" to issue tariff refunds in the aftermath of a potential U.S. Supreme Court ruling against the White House's trade measures, a top economic policy official said.

  • December 22, 2025

    Minn. Montessori School Gets Property Tax Break, Court Says

    A Montessori school in Minnesota was exempt from property taxes as a seminary of learning, the state tax court ruled, saying it met the requirements for the tax break as outlined in case law.

  • December 19, 2025

    Calif. Appeals Court Upholds Los Angeles' Mansion Tax

    A property transfer tax that adds 4% to 5.5% to the cost of Los Angeles real estate deals of more than $5 million is legal under the U.S. and California constitutions, a state appeals panel ruled, upholding a trial court.

  • December 19, 2025

    Gunderson-Led Tax Firm Andersen Trades Up After Rare IPO

    Tax valuation and advisory firm Andersen Group Inc. has closed a $202 million initial public offering, marking a rare IPO that required legal teams to navigate uncommon structural and governance challenges, according to attorneys who steered the offering.

  • December 19, 2025

    Conn. Investment Adviser Admits To Tax Evasion

    A Connecticut man pled guilty to tax evasion after using $5.2 million of his private equity fund's money to pay personal expenses and causing a criminal tax loss of nearly $2.2 million, federal prosecutors said.

  • December 19, 2025

    IRS Relaxes Carbon Capture Credit's Environmental Reporting

    The Internal Revenue Service released guidance Friday easing the carbon capture tax credit's environmental reporting requirements, taking effect by the end of the year, for energy systems that permanently secure the emissions in geological locations, such as deep underground rock formations.

  • December 19, 2025

    Top State & Local Tax Cases Of 2025

    From a Colorado appellate court upholding a tax on Netflix subscriptions to Pennsylvania's high court finding the Pittsburgh fee on nonresident pro athletes unconstitutional, 2025 was a busy year for state and local tax cases. Here, Law360 looks at the most influential cases of 2025 and their impact going into the new year.

Expert Analysis

  • Series

    The Law Firm Merger Diaries: Getting The Message Across

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    Communications and brand strategy during a law firm merger represent a crucial thread that runs through every stage of a combination and should include clear messaging, leverage modern marketing tools and embrace the chance to evolve, says Ashley Horne at Womble Bond.

  • Opinion

    Horizontal Stare Decisis Should Not Be Casually Discarded

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    Eliminating the so-called law of the circuit doctrine — as recently proposed by a Fifth Circuit judge, echoing Justice Neil Gorsuch’s concurrence in Loper Bright — would undermine public confidence in the judiciary’s independence and create costly uncertainty for litigants, says Lawrence Bluestone at Genova Burns.

  • 10 Commandments For Agentic AI Tools In The Legal Industry

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    Though agentic artificial intelligence has demonstrated significant promise for optimizing legal work, it presents numerous risks, so specific ethical obligations should be built into the knowledge base of every agentic AI tool used in the legal industry, says Steven Cordero at Akerman LLP.

  • Class Actions At The Circuit Courts: December Lessons

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    In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses recent rulings and identifies practice tips from cases involving securities, takings, automobile insurance, and wage and hour claims.

  • NY Tax Talk: New ALJs, New Rules, Apportionment, Bundling

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    Attorneys at Eversheds review the top New York tax law developments from last quarter, including appointments to the New York City Tax Appeals Tribunal and the city's proposed rules to clarify income taxation of foreign corporations, and highlight two litigation matters to watch.

  • Series

    Preaching Makes Me A Better Lawyer

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    Becoming a Gospel preacher has enhanced my success as a trial lawyer by teaching me the importance of credibility, relatability, persuasiveness and thorough preparation for my congregants, the same skills needed with judges and juries in the courtroom, says Reginald Harris at Stinson.

  • State, Federal Incentives Heat Up Geothermal Projects

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    Geothermal energy can now benefit from dramatically accelerated permitting for development on federal land as well as state-level renewable energy portfolio standards — but operating in the complex legal framework surrounding geothermal projects requires successful navigation of complex water rights and environmental regulations, say attorneys at Holland & Hart.

  • Series

    Law School's Missed Lessons: Practicing Client-Led Litigation

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    New litigators can better help their corporate clients achieve their overall objectives when they move beyond simply fighting for legal victory to a client-led approach that resolves the legal dispute while balancing the company's competing out-of-court priorities, says Chelsea Ireland at Cohen Ziffer.

  • A Close Look At The Evolving Interval Fund Space

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    Interval funds — closed-end registered investment companies that make periodic repurchase offers — have recently moved to the center of the conversation about retail access to private markets, spurred along by President Donald Trump's August executive order incorporating alternative assets into 401(k) plans and target date strategies, say attorneys at Simpson Thacher.

  • Series

    The Law Firm Merger Diaries: How To Build On Cultural Fit

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    Law firm mergers should start with people, then move to strategy: A two-level screening that puts finding a cultural fit at the pinnacle of the process can unearth shared values that are instrumental to deciding to move forward with a combination, says Matthew Madsen at Harrison.

  • Considerations When Invoking The Common-Interest Privilege

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    To successfully leverage the common-interest doctrine in a multiparty transaction or complex litigation, practitioners should be able to demonstrate that the parties intended for it to apply, that an underlying privilege like attorney-client has attached, and guard against disclosures that could waive privilege and defeat its purpose, say attorneys at DLA Piper.

  • Series

    The Law Firm Merger Diaries: Making The Case To Combine

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    When making the decision to merge, law firm leaders must factor in strategic alignment, cultural compatibility and leadership commitment in order to build a compelling case for combining firms to achieve shared goals and long-term success, says Kevin McLaughlin at UB Greensfelder.

  • Global Net-Zero Shipping Framework Faces Rough Waters

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    The decision of the International Maritime Organization's Marine Environment Protection Committee to delay its proposal for reducing greenhouse gas emissions from ships, in the face of strenuous U.S. objections, highlights the importance of proactive engagement with policymakers and strategic planning for different compliance scenarios, say attorneys at Blank Rome.

  • What To Watch As NY LLC Transparency Act Is Stuck In Limbo

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    Just about a month before it's set to take effect, the status of the New York LLC Transparency Act remains murky because of a pending amendment and the lack of recent regulatory attention in New York, but business owners should at least prepare for the possibility of having to comply, says Jonathan Wilson at Buchalter.

  • Opinion

    Despite Deputy AG Remarks, DOJ Can't Sideline DC Bar

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    Deputy Attorney General Todd Blanche’s recent suggestion that the D.C. Bar would be prevented from reviewing misconduct complaints about U.S. Department of Justice attorneys runs contrary to federal statutes, local rules and decades of case law, and sends the troubling message that federal prosecutors are subject to different rules, say attorneys at HWG.

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