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Tax
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January 16, 2026
Wash. House Bill Seeks Changes To Cannabis Excise Tax
Washington would make changes to its cannabis excise tax, which is charged in addition to sales and use tax on adult-use cannabis purchases, under a bill introduced in the state House of Representatives.
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January 16, 2026
IRS Rightly Withheld Worker Tax Credit FOIA Docs, Court Says
The Internal Revenue Service properly invoked two Freedom of Information Act exemptions to withhold portions of internal directives about the employee retention tax credit requested by an attorney who represents taxpayers in disputes with the agency, an Alabama federal court said.
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January 16, 2026
Minn. Tax Court Wrong To Cut Hilton Value, State Justices Told
The valuation of a Hilton hotel and convention center in Minneapolis was wrongly slashed by the state's tax court, including by $70 million in one year, a county told the Minnesota Supreme Court.
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January 16, 2026
IRS Boosts Mediation Training In Appeals, Official Says
The IRS has ramped up its training of appeals officers to perform mediation work to account for the recent reduction of staff as part of the agency's ongoing emphasis to quickly resolve taxpayer issues through the alternative dispute resolution process, an official said Friday.
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January 16, 2026
Taxation With Representation: Stibbe, A&O Shearman, Latham
In this week's Taxation With Representation, Keurig Dr Pepper Inc. plans to complete its deal to snap up coffee company JDE Peet's NV, Boston Scientific Corp. acquires medical device company Penumbra Inc., and fitness and wellness platform parent Playlist merges with fitness technology company EGYM.
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January 16, 2026
China, Canada Agree To Lower Tariffs On EVs, Food
Canada will drastically cut a 100% tariff on nearly 50,000 imported Chinese electric vehicles and expects China to lower tariffs on canola, lobsters, crabs and peas, Prime Minister Mark Carney said Friday in a news release.
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January 16, 2026
State Rules Add Wrinkle To Scholarship Tax Break's Rollout
The U.S. Treasury Department is grappling with how to balance federal and state rules to implement a new tax credit for contributions to eligible scholarship programs, an official said Friday, describing states as "gatekeepers" in determining eligibility.
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January 16, 2026
EU Spending Less On State Aid Tax Schemes, Report Says
Spending on state aid slumped last year across the European Union while tax benefits have remained a muted share of the subsidies offered since the COVID-19 pandemic, the bloc's executive branch said.
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January 16, 2026
Conservation Easement Was $2.7M 'Swindle,' Investors Say
Two investors have hit the Georgia-based managers of a syndicated conservation easement with a racketeering lawsuit, accusing the managers of lining their own pockets with nearly all the proceeds of a 2024 real estate sale to liquidate the fund.
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January 16, 2026
Tax Court Won't Rethink Late Challenge In $46M Case
The U.S. Tax Court won't reconsider its rejection of a late-filed bid by a partnership seeking to restore its $46 million tax deduction for donating to charity, saying the Alabama company failed to raise a newly available legal argument as required for the second chance.
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January 15, 2026
As Goldstein Trial Begins, Gov't Points To 'Lavish' Lifestyle
An accountant for billionaire investor Alec Gores said that Thomas Goldstein had suggested he open a foreign account for Gores' poker-related transactions or even classify him as a professional player for tax purposes, although Gores was just getting started in the high-stakes poker world.
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January 15, 2026
Businesses Seek Clarity On R&D Credit Post-GOP Tax Law
Businesses that use the federal research credit are reexamining how to apply expense reduction rules after last year's GOP tax law changes, but Treasury officials and tax experts said Thursday that revisions, although complex, were intended to coordinate with existing capitalization rules.
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January 15, 2026
GM Unit's Transfer Pricing Doesn't Affect VAT, Adviser Says
A former General Motors subsidiary in Portugal should not have its value-added tax increased after the Portuguese tax authority determined that its bearing the cost of repairing defects amounted to a service to manufacturers, an adviser to Europe's top court said Thursday.
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January 15, 2026
IRS Updates Rules For Groups Seeking Tax-Exempt Status
The Internal Revenue Service released new rules Thursday for obtaining tax-exempt status as a group, addressing concerns of religious organizations that had worried they would be excluded if they were forced to submit financial information to their central organizations.
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January 15, 2026
Colo. Bill Would Widen Ranch, Farm Definitions For Taxes
Colorado would broaden its definitions of ranches and farms for property tax purposes under a bill introduced in the state Senate.
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January 15, 2026
Colo. Bill Would Allow Taxes On Vacant Residential Property
Colorado would authorize local governments to impose taxes on vacant residential properties under a bill introduced in the state House of Representatives.
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January 15, 2026
NJ Requires Update Of Requirements For Ag Land Taxation
New Jersey will require a state committee to periodically adjust gross sales and income requirements for land to be deemed devoted to agricultural and horticultural use for assessment and tax purposes under a bill signed by Gov. Phil Murphy.
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January 15, 2026
Georgia Governor Pitches Income Tax Rate Cut, Rebates
Georgia would cut its corporate and personal income tax rate and provide $1 billion in rebates for taxpayers under a plan pitched Thursday by Gov. Brian Kemp.
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January 15, 2026
Murphy's Legacy: 3 Political Battles Of NJ Gov.'s Tenure
From bare-knuckled fights over "millionaires taxes" to a court showdown that brought about the collapse of the state's "county line" ballot system, Gov. Phil Murphy's eight-year run as New Jersey governor had its share of major political and legal battles.
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January 15, 2026
China, Germany Seek To Avoid Double Tax In UN Tax Treaty
China and Germany want to insert a pledge on avoiding double taxation within the main body of the United Nations framework convention on international tax cooperation, according to letters released by the U.N.
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January 15, 2026
4th Circ. Denies Former CEO's Bid To Delay Prison Term
A former software executive found guilty of failing to pay employment taxes reported to prison Thursday after the Fourth Circuit denied his emergency request for a delay of his yearlong sentence while he fights his conviction.
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January 15, 2026
IRS Updates Guidance For Retirement Plan Safe Harbors
The Internal Revenue Service on Thursday updated its guidance to retirement plan administrators for notifying beneficiaries of rollover distributions, saying the changes are meant to align with legislative changes from 2022.
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January 14, 2026
Jury Seated In Goldstein Trial, Arguments To Start Thursday
A federal jury was seated in Thomas Goldstein's felony tax and mortgage fraud case Wednesday, but the government will wait until Thursday to begin making its case.
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January 14, 2026
Trump Imposes 25% Tariff On Select Semiconductor Imports
President Donald Trump signed executive orders Wednesday taking action on semiconductor and mineral imports, choosing to impose a 25% tariff beginning Thursday on a narrow set of chips and their derivative products while emphasizing dealmaking to secure key minerals.
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January 14, 2026
DOJ Asks To Drop Hung Counts In Ex-Gas Co. CFO's Tax Case
Federal prosecutors asked to drop most of the remaining charges against a Russian gas company's former chief financial officer who was convicted of other tax crimes after failing to secure unanimous support from a jury, according to documents filed in a Florida federal court.
Expert Analysis
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Ch. 11 Ruling Voiding $2M Litigation Funding Sends A Warning
A recent Texas bankruptcy court decision that a postconfirmation litigation trust has no obligations to repay a completely drawn down $2 million litigation funding agreement serves as a warning for estate administrators and funders to properly disclose the intended financing, say attorneys at Kleinberg Kaplan.
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What To Expect As Trump's 401(k) Order Materializes
Following the Trump administration’s recent executive order on 401(k) plan investments in alternative assets like cryptocurrencies and real estate, the U.S. Department of Labor and the U.S. Securities and Exchange Commission will need to answer several outstanding questions before any regulatory changes are implemented, say attorneys at Cleary.
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Demystifying The Civil Procedure Rules Amendment Process
Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.
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Parenting Skills That Can Help Lawyers Thrive Professionally
As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.
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Unpacking The New Opportunity Zone Tax Incentive Program
The One Big Beautiful Bill Act brought several improvements to the opportunity zone tax incentive program that should boost investments in qualified funds, including making it permanent, increasing federal income tax benefits in rural areas, redesignating the qualified zones, and requiring more in-depth reporting, says Marc Schultz at Snell & Wilmer.
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Series
Teaching Trial Advocacy Makes Us Better Lawyers
Teaching trial advocacy skills to other lawyers makes us better litigators because it makes us question our default methods, connect to young attorneys with new perspectives and focus on the needs of the real people at the heart of every trial, say Reuben Guttman, Veronica Finkelstein and Joleen Youngers.
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Trump Tax Law's Most Impactful Energy Changes
The One Big Beautiful Bill Act's deferral of begin-construction deadlines and the phaseout of certain energy tax credits will provide emerging technologies with welcome breathing room, though other changes, like the increased credit rate for sustainable aviation fuel, create challenges for developers, say attorneys at Weil.
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Series
Adapting To Private Practice: From Texas AUSA To BigLaw
As I learned when I transitioned from an assistant U.S. attorney to a BigLaw partner, the move from government to private practice is not without its hurdles, but it offers immense potential for growth and the opportunity to use highly transferable skills developed in public service, says Jeffery Vaden at Bracewell.
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Advice For 1st-Gen Lawyers Entering The Legal Profession
Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.
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Series
Coaching Cheerleading Makes Me A Better Lawyer
At first glance, cheerleading and litigation may seem like worlds apart, but both require precision, adaptability, leadership and the ability to stay composed under pressure — all of which have sharpened how I approach my work in the emotionally complex world of mass torts and personal injury, says Rashanda Bruce at Robins Kaplan.
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Series
Law School's Missed Lessons: How To Make A Deal
Preparing lawyers for the nuances of a transactional practice is not a strong suit for most law schools, but, in practice, there are six principles that can help young M&A lawyers become seasoned, trusted deal advisers, says Chuck Morton at Venable.
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Trump Tax Law's Most Impactful Corp. And Individual Changes
The One Big Beautiful Bill Act built on and reshaped elements of the Tax Cuts and Jobs Act, including business interest deductions, bonus depreciation and personal income relief, delivering substantial changes to both corporate and individual tax policy, say attorneys at Weil.
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From Clerkship To Law Firm: 5 Transition Tips For Associates
Excerpt from Practical Guidance
Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler.
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Trump Tax Law's Most Consequential International Changes
The international tax provisions in the One Big Beautiful Bill Act may result in higher effective tax rates for some multinational corporations, but others, particularly those operating in low-tax jurisdictions, may benefit from alignment with global anti-profit shifting efforts, say attorneys at Weil.
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Associates Can Earn Credibility By Investing In Relationships
As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron.