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May 08, 2026
An Oregon property is eligible for a special farm use assessment because its stabling and pasturing of horses for profit were qualifying activities, the state tax court found Friday, reversing a local assessor's determination.
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May 08, 2026
The owners of a Massachusetts home did not provide enough evidence in their analyses of comparable properties to lower the home's valuation for property tax purposes, the Massachusetts Appellate Tax Board said.
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May 08, 2026
In this week's Taxation With Representation, gold companies Regis Resources and Vault Minerals combine, Long Lake Management acquires American Express Global Business Travel and Vodafone buys out CK Hutchison Holdings to become the sole owner of their telecommunications joint venture.
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May 08, 2026
The top official for the U.S. Department of Labor's employee benefits subagency said at a trade association conference Friday that agency investigations will focus on benefit plan managers' loyalty conflicts, including disloyal pursuits of socially conscious investing or diversity goals.
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May 07, 2026
A U.S. Navy service member has accused tax preparer Jackson Hewitt Inc. of overcharging military clients for short-term loans tied to tax refunds, claiming in a proposed class action the company's effective interest rates for "refund anticipation loans" exceed what is allowed under the federal Military Lending Act.
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May 07, 2026
A North Carolina federal judge dismissed a suspended attorney's lawsuit against a State Bar Disciplinary Hearing Commission member he accused of bias and due process violations, finding Thursday that the defendant is entitled to absolute quasi-judicial immunity.
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May 07, 2026
Carbon taxes worldwide raised less than a third of the revenue they could have recently, weighed down by exemptions, reduced rates, compliance gaps and other carbon pricing systems carving out the tax base, the Tax Foundation said Thursday in a report.
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May 07, 2026
A Texas federal judge dismissed 13 wire fraud charges against four men accused of running a $1 billion tax shelter scheme, ruling prosecutors improperly relied on a statute with a lower intent standard than the applicable tax fraud law.
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May 07, 2026
Reed Smith LLP has hired a Stinson LLP lawyer who focuses her practice on real estate finance matters, renewable energy tax credit and new market tax credit issues, the firm has announced.
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May 07, 2026
A Second Circuit judge hinted Thursday that a trial judge may have erred in rejecting a retirement-fund garnishment deal that would have protected Martin Shkreli's convicted former lawyer from a potential $1 million "punitive tax event."
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May 07, 2026
Italian authorities have arrested a businessman suspected of laundering the proceeds of a multimillion-euro value-added tax fraud, the European Public Prosecutor's Office said.
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May 07, 2026
The Iran war could cost the U.K. government up to £8 billion ($10.9 billion) a year through lost tax revenue and higher debt interest payments, a progressive think tank warned Thursday.
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May 06, 2026
Sony Interactive Entertainment LLC retained a "substantial windfall" generated by illegal tariffs imposed under the International Emergency Economic Powers Act, two Sony PlayStation console owners said Wednesday in a proposed class action in California federal court.
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May 06, 2026
A Ninth Circuit panel determined Wednesday that federal tobacco regulators acted appropriately when placing the Twenty-Nine Palms Band of Mission Indians on a noncompliance list, concluding the tribe's remote cigarette sales to retailers of other tribes count as "off-reservation" activities covered by California state tax and licensing laws.
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May 06, 2026
U.S. Sen. Rick Scott, R-Florida, waited too long to file a lawsuit over the leak of his personal tax returns, according to federal contractor Booz Allen Hamilton, which moved to dismiss the suit Tuesday.
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May 06, 2026
An international tea business has sued a food-and-beverage manufacturer in Delaware Chancery Court, accusing it of withholding tax and audit records needed to complete 2024 filings tied to the manufacturer's purchase of Harris Tea Co. LLC.
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May 06, 2026
An Orlando couple were sentenced to prison for participating in a $148 million construction payroll scheme and evading more than $37 million in payroll taxes, Florida federal prosecutors announced Wednesday.
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May 06, 2026
Eligible partnerships may soon be able to settle their disputes with the IRS over charitable tax deductions claimed on their donated conservation or historic preservation easements under an upcoming "time-limited" opportunity, the agency announced Wednesday.
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May 06, 2026
An ex-appointee of Michigan Gov. Gretchen Whitmer was charged Wednesday with 16 felonies in connection with misappropriation of a $20 million taxpayer-funded business grant.
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May 06, 2026
Two attorneys and an insurance agent faced a Fourth Circuit panel Wednesday that seemed hard-pressed to overturn their convictions for orchestrating a $22 million tax avoidance scheme, with the judges casting doubt on their venue objections and claims that the false tax returns contained truthful information.
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May 06, 2026
A Chinese citizen seeking a refund of penalties imposed by the IRS over a failure to report wedding gifts she received from abroad cannot argue the agency must collect the penalties through a civil action, a California federal court said, partially dismissing her suit.
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May 06, 2026
The insurance industry should be allowed to ignore regulations from 2024 covering how corporations determine taxable income with respect to affiliates that conduct business in a foreign currency, the American Council of Life Insurers told the U.S. Treasury in a letter released Wednesday.
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May 06, 2026
Oklahoma would allow certain rental housing to be valued using a cost approach instead of an income approach under a bill passed in the state House of Representatives.
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May 06, 2026
Massachusetts' top court on Wednesday seemed to agree that an ongoing dispute between the state attorney general and auditor over a voter-backed audit of the legislature needs to come to an end, even as justices dinged both sides for the stalemate.
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May 06, 2026
Advanced plastic recycling should be eligible for a new tax perk allowing full expensing of a qualified production property's costs, a chemical trade association said in a letter, released Wednesday, recommending the industry-specific change for the IRS' upcoming proposed regulations.