Tax

October 24, 2025
Calif. Groups Push Billionaire Tax To Offset Federal Cuts

A tax on the wealthiest Californians is once again on the table in the nation's largest state, this time via a proposal for a voter referendum.
October 24, 2025
Md. Office Building Valuation Cut In Half By Tax Court

A Maryland office building was overvalued at roughly $40 million in tax years 2023 and 2024, the state tax court found, agreeing with an income analysis presented by the property owner that its value should be reduced by half.
October 24, 2025
Trump Ends Canada Trade Talks Over Ontario's Reagan Ad

President Donald Trump said he ended trade negotiations with Canada because of an advertisement by Ontario's provincial government featuring critical remarks about tariffs by President Ronald Reagan.
October 24, 2025
Pa. Court Nixes Property Owner's Additional Refund Request

The Pennsylvania Commonweath Court cannot grant a property owner an additional property tax refund after a school district was required to recalculate one county's tax burden because issues of material fact remain in the case, the court said.
October 24, 2025
Popular TaxProf Blog Returns After Shutdown

After Typepad's decision to shut down last month, the Association of American Law Schools is giving new life to one of the defunct hosted blogging platform's popular legal blogs.
October 24, 2025
Taxation With Representation: Latham, Wachtell, Gibson Dunn

In this week's Taxation With Representation, Meta announces a joint venture with Blue Owl Capital to fund the development of a data center campus in Louisiana, private equity giants acquire medical technology company Hologic Inc., and National Fuel Gas Co. buys CenterPoint Energy Inc.'s Ohio natural gas utility business.
October 24, 2025
Talks On Shipping Carbon Price Continue Despite Plan's Delay

The United Nations' maritime agency continued talks on the details of a global carbon price plan for shipping this past week despite the recent postponement of the plan amid U.S. opposition, experts taking part in the process said Friday.
October 24, 2025
Mass. Appeals Court Finds No Evidence To Drop Home's Value

A Massachusetts homeowner failed to show that a local assessor overvalued his property and made procedural errors, the state appeals court ruled Friday, upholding his property's value.
October 24, 2025
Partnership Fights For $15M Easement Deduction In Tax Court

The Internal Revenue Service didn't explain its determinations and therefore violated administrative law when it denied an Alabama partnership a $14.8 million deduction for donating a conservation easement in 2020, the partnership told the U.S. Tax Court.
October 23, 2025
Ex-Mich. Speaker Aide Cops To Embezzlement, Will Testify

A former top staffer for former Michigan House Speaker Lee Chatfield pled guilty to embezzling from a political nonprofit while working for the state and, as part of a plea deal, has agreed to provide "truthful testimony in future hearings," according to an announcement made Thursday.
October 23, 2025
Legislation May Fix Tax Court Jurisdiction Feud, Judge Says

Senate legislation to expand the U.S. Tax Court's authority to order refunds and credits in collection cases could settle a long-running dispute revived by the U.S. Supreme Court's decision to limit the tax tribunal's jurisdiction, a judge said Thursday.
October 23, 2025
Fed. Circ. Affirms No Tax Refunds For Retired United Pilots

United Airlines pilots who said they overpaid payroll taxes because of the early termination of their retirement plan in the company's bankruptcy can't get partial refunds, the Federal Circuit affirmed Thursday, saying procedural issues doomed their case.
October 23, 2025
French Legislators Advance 15% DST To Mirror US Tariffs

France's digital services tax rate would rise from 3% to 15% under an amendment adopted by the lower house of Parliament's Finance Committee, which characterized the action as a "proportionate response" to tariffs imposed by the United States.
October 23, 2025
Mass. Tax Break Bill For Urban Farms Advances

Massachusetts would allow municipalities to create an agricultural property tax break for small urban farm plots under a bill reported favorably by a state legislative panel.
October 23, 2025
US Oil Cos. Pay More Tax Abroad Than At Home, Report Says

American oil and gas companies with foreign extraction operations paid more than 80% of their total taxes abroad in recent years despite producing more oil and gas in the U.S. than everywhere else combined, a corporate transparency group said Thursday.
October 23, 2025
UK Court Denies Leisure Firm's Bid For Extra VAT Interest

A leisure services company can't claim additional interest of £8.2 million ($11 million) on value-added tax overpaid to HM Revenue & Customs because statutory interest provided full compensation, a British court ruled.
October 23, 2025
Court Won't Rethink 'Survivor' Winner's $3M Tax Bill

A Rhode Island federal judge won't reconsider his opinion that the first winner of reality show "Survivor" must pay $3.3 million in taxes, maintaining that it is unclear whether the federal government can take his sister's property to pay down the debt.
October 23, 2025
Eaton To Defend Interest Rates, Fees Paid After 2012 Inversion

Eaton is preparing to defend the interest rates and guarantee fees paid by entities in the U.S. to their newly formed Irish parent after the company's 2012 acquisition and inversion at a U.S. Tax Court trial scheduled to start Nov. 3.
October 22, 2025
Banks Want Ill. Fee Law Block Extended To Card Networks

Banking industry groups urged an Illinois federal judge Wednesday to permanently block an Illinois law that bans swipe fees on tax and tip portions of payment card transactions, arguing she has already correctly held that national banks are federally preempted from its reach, and that the court should extend that relief to card networks and others involved in the payment process.
October 22, 2025
Australia Issues Guidance For Minimum Tax Safe Harbor

Australia released guidance Wednesday detailing when companies can forgo detailed top-up tax calculations for a jurisdiction under a safe harbor for the 15% global minimum tax that is based on country-by-country reporting.
October 22, 2025
US Among Few Places With Amount B Rules, OECD Reports

The U.S. is a significant exception to a swath of countries, including China, Japan and the U.K., that lack domestic rules allowing companies to use a transfer pricing method for baseline marketing and distribution activities known as Amount B, the OECD reported Wednesday.
October 22, 2025
Tax Court Judge Warns Against Unchecked AI Use In Filings

A U.S. Tax Court judge cautioned attorneys Wednesday against relying on artificial intelligence to write filings without verifying the information it generates, saying recent "unfortunate incidents" have prompted the court to double down on accuracy in using such tools.
October 22, 2025
'The Right Facts' Can Reduce Cos.' Tariff Impacts, Atty Says

Multinational companies with U.S. distributors that typically bear fewer business risks and earn low profit margins may be able to mitigate the effect of U.S. tariffs on their business as a whole by having a foreign principal bear the tariff costs, an attorney said Wednesday.
October 22, 2025
COST Urges Ky. Justices To Reject Walgreens' Tax Valuations

Kentucky's Supreme Court should reverse an appeal court's ruling finding that a local assessor correctly took above-market contract rents into consideration when valuing several Walgreen store properties, the Council on State Taxation said, because it unfairly raised their assessed values.
October 22, 2025
Presidential Firing Limits Fight Builds At High Court

The ousted U.S. Merit Systems Protection Board chair has encouraged the U.S. Supreme Court to include a caveat for "legislative courts" if it overturns precedent that empowers Congress to limit the president's authority to fire certain agency officials, but opponents of independent agencies want a clean break from the status quo.

Editor's Picks

Blockchain Tech May Present New Transfer Pricing Challenges

Companies that develop blockchain systems to digitally record transactions may face difficulties when valuing intangibles tied to the decentralized and highly varied technology, creating novel transfer pricing issues for multinational corporations that create their own blockchain networks.
Trump-Era Tariff Angst Hasn't Gone Away Under Biden

The early days of the Biden administration have been relatively quiet on the trade front, but importers have nevertheless found themselves in the throes of a familiar battle: pleading with the government to hold off on tariffs in a heated trade dispute.
3 Major Implications For States In Biden's Tax Plans

President Joe Biden's sweeping tax changes proposed to pay for trillions in infrastructure spending would significantly alter the way the federal government taxes corporations, leaving states, for the second time in four years, to decide if and how to conform. Here Law360 presents three considerations for states in the president's tax proposals.

Expert Analysis

Tax Pros Expect No IRS Word Soon On 'Friendly Doctor' Deals

Excerpt from Practical Guidance

The tax treatment of private equity investments in medical firms and other professional practices remains unresolved as the Internal Revenue Service delays updates to long-awaited consolidated return regulations and focuses instead on implementing the new 2025 Republican budget law, tax experts said Friday.
Rules Of Origin Revamp May Be Next Big Trade Development

The rules of origin for determining what tariff applies to any given import appear to be on the cusp of an important rethink, and it seems likely that the administration will try to align the rule with its overall tariff strategy in one of three ways, says Ted Posner at Baker Botts.
Series

Writing Novels Makes Me A Better Lawyer

Writing my debut novel taught me to appreciate the value of critique and to never give up, no matter how long or tedious the journey, providing me with valuable skills that I now emphasize in my practice, says Daniel Buzzetta at BakerHostetler.
Opinion

IRS Shutdown Backlog May Trigger Collection, Refund Chaos

As the IRS continues to send automated collection notices amid the ongoing federal government shutdown, a mounting backlog of unprocessed refunds, collections filings and mail is causing problems for taxpayers that will continue even after the shutdown ends, says Meeren Amin at Fox Rothschild.
SDNY OpenAI Order Clarifies Preservation Standards For AI

The Southern District of New York’s recent order in the OpenAI copyright infringement litigation, denying discovery of The New York Times' artificial intelligence technology use, clarifies that traditional preservation benchmarks apply to AI content, relieving organizations from using a “keep everything” approach, says Philip Favro at Favro Law.
Opinion

High Court, Not A Single Justice, Should Decide On Recusal

As public trust in the U.S. Supreme Court continues to decline, the court should adopt a collegial framework in which all justices decide questions of recusal together — a reform that respects both judicial independence and due process for litigants, say Michael Broyde at Emory University and Hayden Hall at the U.S. Bankruptcy Court for the District of Delaware.
Series

Traveling Solo Makes Me A Better Lawyer

Traveling by myself has taught me to assess risk, understand tone and stay calm in high-pressure situations, which are not only useful life skills, but the foundation of how I support my clients, says Lacey Gutierrez at Group Five Legal.
Series

Law School's Missed Lessons: Client Service

Law school teaches you how to interpret the law, but it doesn't teach you some of the key ways to keeping clients satisfied, lessons that I've learned in the most unexpected of places: a book on how to be a butler, says Gregory Ramos at Armstrong Teasdale.
Series

Adapting To Private Practice: 3 Tips On Finding The Right Job

After 23 years as a state and federal prosecutor, when I contemplated moving to a law firm, practicing solo or going in-house, I found there's a critical first step — deep self-reflection on what you truly want to do and where your strengths lie, says Rachael Jones at McKool Smith.
Series

Painting Makes Me A Better Lawyer

Painting trains me to see both the fine detail and the whole composition at once, enabling me to identify friction points while keeping sight of a client's bigger vision, but the most significant lesson I've brought to my legal work has been the value of originality, says Jana Gouchev at Gouchev Law.
Compliance Pointers Amid Domestic Terrorism Clampdown

A recent presidential memorandum marks a shift in federal domestic-terrorism enforcement that should prompt nonprofits to enhance diligence related to grantees, vendors and events, and financial institutions to shore up their internal resources for increased suspicious-activity monitoring and reporting obligations, say attorneys at Morgan Lewis.
Trump Tax Law Has Mixed Impacts On Commercial Real Estate

The One Big Beautiful Bill Act brings sweeping changes to the real estate industry — and while the permanency of opportunity zones and bonus depreciation creates predictability for some taxpayers, sunsetting incentives for renewable energy projects will leave others with hard choices, says Jordan Metzger at Cole Schotz.
Protecting Sensitive Court Filings After Recent Cyber Breach

In the wake of a recent cyberattack on federal courts' Case Management/Electronic Case Files system, civil litigants should consider seeking enhanced protections for sensitive materials filed under seal to mitigate the risk of unauthorized exposure, say attorneys at Redgrave.
Series

Judging Figure Skating Makes Me A Better Lawyer

Judging figure skating competitions helps me hone the focus, decisiveness and ability to process complex real-time information I need in court, but more importantly, it makes me reengage with a community and my identity outside of law, which, paradoxically, always brings me back to work feeling restored, says Megan Raymond at Groombridge Wu.
What Ethics Rules Say On Atty Discipline For Online Speech

Though law firms are free to discipline employees for their online commentary about Charlie Kirk or other social media activity, saying crude or insensitive things on the internet generally doesn’t subject attorneys to professional discipline under the Model Rules of Professional Conduct, says Stacie H. Rosenzweig at Halling & Cayo.