Tax

  • July 02, 2020

    Anonymity Won't Be Allowed In Suit Over COVID-19 Payment

    A man suing U.S. officials claiming that he didn't receive a pandemic stimulus check from the Internal Revenue Service because of his marriage to an immigrant must identify himself before the court, an Illinois federal judge ordered. 

  • July 02, 2020

    ECJ Nixes Barring New Info From VAT Invoice Corrections

    European Union countries can't prohibit the use of new information by those attempting to correct invoices for value-added tax transactions, the bloc's highest court ruled Thursday in a case involving agricultural businesses in Romania and Germany.

  • July 02, 2020

    BlackRock Not Entitled To Tax Exemption, Top EU Court Rules

    Investment manager BlackRock is not entitled to an exemption from value added tax on its technology platform under a provision meant to protect special investment funds, the European Union's top court ruled on Thursday.

  • July 01, 2020

    Ill. Panel Reverses Chicago Health Care Pension Fight Ruling

    An Illinois appeals court on Tuesday partially reversed a lower court's ruling in long-running proposed class action over pension fund obligations after the city of Chicago said it would stop providing its retirees with fixed-rate health care subsidies funded by city taxes.

  • July 01, 2020

    Colo. Justices Nix Remote Signatures For Tax Ballot Initiatives

    The Colorado Supreme Court on Wednesday overturned the governor's executive order suspending laws amid the novel coronavirus pandemic to allow remote signature gathering for ballot initiatives, including a graduated income tax proposal, saying the order violated the state's constitution.

  • July 01, 2020

    Tenn. Cuts Remote Seller, Marketplace Thresholds To $100K

    Tennessee's governor signed a budget bill decreasing the state's annual threshold for remote seller and marketplace tax collection from $500,000 to $100,000 and expanding the state's sales and use tax holiday.

  • July 01, 2020

    Chinese Man Charged In 'Birth Tourism' Ring Gets 3 Years

    A Chinese man, who has fled the U.S., received a sentence of 37 months after pleading guilty to charges in one of the country's first federal cases targeting a "birth tourism" scheme that allows noncitizens to fraudulently secure American citizenship for their infants, according to prosecutors.

  • July 01, 2020

    Idaho Officials Ask 9th Circ. To Stay Tax Hike Signature Order

    Idaho's governor and secretary of state asked the Ninth Circuit on Wednesday to stay a federal judge's order directing the state to provide supporters of an income tax hike measure additional time to gather signatures electronically.

  • July 01, 2020

    Outlook On Giving Not Rosy Despite Rebound From TCJA

    Charitable donations to nonprofit organizations have mostly rebounded from a sharp drop following the 2017 tax overhaul law, but the economic drag from rising unemployment and stock market fluctuations during the novel coronavirus pandemic has started to reverse those gains.

  • July 01, 2020

    Info-Share Gains Should Guide Digital Talks, OECD Head Says

    Countries' success with sharing bank information across borders to snuff out tax evasion should serve as inspiration for them to agree on contentious corporate tax reform, the head of the Organization for Economic Cooperation and Development said Wednesday. 

  • July 01, 2020

    German EU Presidency Prioritizes Financial Transaction Tax

    Germany has said that securing a pan-European financial transaction tax is a priority for the country during its presidency of the Council of the European Union, as well as supporting efforts by the Organisation for Economic Cooperation and Development to reform the international tax system.

  • June 30, 2020

    Calif. Panel Upholds Simple-Majority Approval Of SF Corp. Tax

    A California state appellate panel ruled Tuesday that only a simple majority of voters was necessary to pass a 2018 San Francisco corporate tax ballot measure brought by the public and not a two-thirds majority, upholding a lower court decision.

  • June 30, 2020

    La. Legislature OKs Biz Tax Breaks Expansion Amid Virus

    The Louisiana Legislature approved two bills that would expand state tax incentive programs to retailers, restaurants and hotels to help them recover from the COVID-19 pandemic, along with a bill to provide tax credits for investments in opportunity zones.

  • June 30, 2020

    Miss. Marketplace Facilitator Tax Mandate To Start Wednesday

    Mississippi, starting Wednesday, will require marketplace facilitators such as Amazon.com Inc. that have economic nexus with the state to collect and remit sales and use tax, under a bill the governor signed Tuesday.

  • June 30, 2020

    Calif. OKs $202B Budget With Tax Hikes For Virus Deficit

    California enacted a $202.1 billion budget that raises taxes, suspends business tax breaks and slashes revenue to make up a $54.3 billion deficit caused by the COVID-19 pandemic as the state continues to combat the virus.

  • June 30, 2020

    Coronavirus Regulations: A State-By-State Week In Review

    As COVID-19 cases surged in multiple regions amid noncompliance with wearing face masks over the past week, governors of newly dubbed hot-spot states and their neighbors, even ones with declining cases and deaths, rushed to pause reopening activities such as indoor dining.

  • June 30, 2020

    Care Is Required To Get US Tax Residency Relief, Atty Says

    Foreign individuals stuck in the U.S. because of the novel coronavirus pandemic must be careful to make sure they don't inadvertently fail one of the Internal Revenue Service's tests to qualify for income tax relief, a practitioner said Tuesday.

  • June 30, 2020

    NJ Justices Nix Tax Exemption For Eatery At College

    A restaurant on a New Jersey university campus does not qualify for a property tax exemption as it is not operated for a public purpose, the state Supreme Court said Tuesday in reversing an appellate court decision.

  • June 30, 2020

    US Gov't Challenges Anonymity In Suit Over COVID-19 Check

    A man suing U.S. officials claiming he didn't receive a stimulus check from the IRS because of his marriage to an immigrant should be required to reveal his identity, the government has told an Illinois federal court.

  • June 30, 2020

    Rettig Says IRS Scrutinizing All Wealthy Tax Return Nonfilers

    The Internal Revenue Service has drastically increased its enforcement efforts in an attempt to contact nearly every high-income earner who doesn't file taxes, IRS Commissioner Chuck Rettig told a Senate tax panel Tuesday.

  • June 30, 2020

    Justices Strike Down Montana's Religious Tax Credit Ban

    The Montana Supreme Court's decision abolishing a scholarship program granting tax credits for donations to private schools, including religious ones, violated the U.S. Constitution, the U.S. Supreme Court held Tuesday.

  • June 30, 2020

    World Tax Agencies Swapped Info From 84M Accounts in 2019

    Tax authorities across the globe exchanged information on 84 million offshore accounts covering €10 trillion ($11.2 trillion) in assets in 2019 as they fought tax avoidance, a report released Tuesday showed — nearly double the levels recorded a year earlier.

  • June 29, 2020

    IRS Won't Extend Tax Return Filing Deadline Beyond July 15

    The Internal Revenue Service will not extend the July 15 deadline for filing tax returns, although individuals who are unable to meet the deadline may apply for automatic extensions until Oct. 15, the agency said Monday.

  • June 29, 2020

    Mass. Court Upholds Retailer's $5M Tax, Penalty Abatement

    A furniture retailer is not liable for almost $5 million in sales tax and penalties on sales that were covered under Massachusetts' statutory sales tax holidays, a state appeals court found, upholding a ruling of the state tax board. 

  • June 29, 2020

    DC Gunning To Depose Ivanka, Gates Over Inaugural Funds

    The District of Columbia fired back at the Trump inaugural committee's bid to shield Ivanka Trump, Rick Gates and eight others with connections to the president from being deposed by August as part of a suit accusing the organization of funneling money to Trump companies.

Expert Analysis

  • VAT Cuts Won't Save Economies, Will Burden Businesses

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    Although value-added tax cuts may seem attractive for governments looking to stimulate economies in the wake of the pandemic, their implementation costs and inefficiencies can cause significant trouble for businesses, says Richard Asquith of Avalara.

  • Opinion

    Republicans Keep Confirming Unqualified Judicial Nominees

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    What emerges from the group of 200 federal judges confirmed by the Senate under President Donald Trump is a judiciary stacked with young conservative ideologues, many of whom lack basic judicial qualifications, says Sen. Dianne Feinstein, D-Calif., ranking member of the Senate Judiciary Committee.

  • Tips For Crafting The Perfect Law Firm Alert

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    As lawyers have had more time to write in recent weeks, the number of law firm alerts has increased massively, but a lot of them fail to capture readers and deliver new business, says Richard Torrenzano at The Torrenzano Group.

  • COVID-19 May Make Incomplete Contracts Renegotiable

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    Intercompany agreements on transfer pricing that do not include a pandemic eventuality might be argued to be incomplete from an economics perspective, providing justification for controlled parties to negotiate a remediation, say Robin Hart and Steven Schwartz at Charles River Associates.

  • Pandemic Extensions May Save Opportunity Zone Investment

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    The Internal Revenue Service's recent deadline extensions on myriad time-sensitive opportunity zone tax regime obligations, which taxpayers were in danger of missing due to COVID-19, should foster confidence and encourage additional investment in the program, say Tucker Thoni and Elisabeth Crane at GrayRobinson.

  • Series

    Judging A Book: Elrod Reviews 'Shortlisted'

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    Renee Knake Jefferson and Hannah Brenner Johnson's new book, "Shortlisted: Women in the Shadows of the Supreme Court," is a service to an overlooked group of nine women who were considered for the U.S. Supreme Court before Justice Sandra Day O'Connor was confirmed, and offers constructive tips for women looking to break through the glass ceiling, says Fifth Circuit Judge Jennifer Elrod.

  • Mandatory State Bars Likely To Remain Intact, For Now

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    A Texas federal judge’s recent holding in McDonald v. Sorrels that mandatory bar memberships do not violate members' constitutional rights indicates that such requirements survive the U.S. Supreme Court's 2018 decision in Janus, but it may mean that the Supreme Court will address the issue in the not-too-distant future, say Majed Nachawati and Misty Farris at Fears Nachawati.

  • Protecting An Employee's Green Card Status Amid Pandemic

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    Employees working abroad can mitigate recent COVID-19 travel restrictions' risks to their U.S. lawful permanent residence status by demonstrating their continued intent to reside permanently in the U.S., says Douglas Halpert at Hammond Neal.

  • 11 Keys To Success At Remote Mediation

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    Attorneys should accept that remote mediation may be their only current option for resolving a dispute and take steps to obtain a fantastic outcome for their clients, including making sure the right people attend the remote mediation and beginning the session with an apology, says Eric Meyer at FisherBroyles.

  • Kentucky Tax Talk: Pandemic Raises Telecommuting Issues

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    Companies doing business in Kentucky must grapple with the tax issues raised by the state's executive orders enforcing remote work in response to COVID-19 — especially around the status of employees who are now telecommuting from a different state, say attorneys at Frost Brown.

  • Pandemic Could Bring Student Exodus From Legal Profession

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    A recent survey shows that law and prelaw students have serious concerns about the quality and value of remotely provided legal education, and rapid action from the legal community is necessary to prevent promising young people from leaving in favor of other professions, says Mehran Ebadolahi at TestMax.

  • How To Handle Congressional Queries On COVID-19 Relief

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    Despite their informal nature, congressional inquiries regarding CARES Act implementation should not be taken lightly as these requests may be precursors to more formal and invasive investigations, say attorneys at Baker Donelson.

  • The Privilege Implications Of Using Online Collaboration Tools

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    While few courts have addressed the attorney-client privilege or work-product doctrine in the context of online collaboration tools, existing case law supports five best practices as organizations increasingly use these tools in the COVID-19 era, say Christopher Campbell and Marcus Sandifer at DLA Piper.

  • IRS Proposal Clarifies Excise Tax But Leaves TCJA Questions

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    Recently proposed Internal Revenue Service regulations clarify how excise tax on certain payments to executives at tax-exempt organizations is determined, but fall short of addressing inconsistencies in the treatment of executive compensation under different provisions of the Tax Cuts and Jobs Act, say Elinor Ramey and John Cobb at Steptoe & Johnson.

  • Confronting Mental Distress In The Legal Profession

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    Even before the pandemic, troubling data about mental distress among lawyers pointed to a profession in crisis, but addressing the challenge requires a better understanding of the causes, says Jonathan Prokup at Cigna Corp.

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