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November 05, 2026
A Colorado Court of Appeals panel affirmed a $122 million assessment of a Ritz-Carlton timeshare location, finding Thursday that Colorado law doesn't recognize the fractional-ownership model used at the Colorado mountain property.
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November 05, 2026
A New York State appellate court Thursday quizzed attorneys for President Donald Trump and state prosecutors over his hush-money conviction, exploring defense counsel's claims that the district attorney trespassed into federal jurisdiction by charging election violations and trampled on presidential immunity in a case "infected with multiple fatal errors."
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November 05, 2026
Two Georgia partnerships that formed to buy adjacent tracts of rural, mountainous land in Tennessee improperly claimed conservation easement deductions of about $26.7 million and $19.4 million, the U.S. Tax Court ruled Thursday, saying the companies failed to obtain a qualified appraisal.
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November 05, 2026
Home Depot said it opposed combining every proposed customer class action over increased costs from tariffs into multidistrict litigation, claiming there are too many economic differences between the suits.
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November 05, 2026
Atlanta-based firm Wiggam Law has expanded its tax law team by adding a former Internal Revenue Service attorney who brings more than 24 years of experience representing taxpayers and the government.
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November 05, 2026
The IRS wrongly asserted a roughly $10.6 million income tax underpayment and $4.3 million in penalties against an Alabama partnership, the company told the U.S. Tax Court, disputing the agency's determination that it failed to show it's entitled to a $28.8 million charitable contribution claimed for a conservation easement donation.
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November 05, 2026
Thirteen individuals were arrested in Germany and Austria over links to a cross-border value-added tax fraud scheme involving luxury vehicles that caused an estimated €100 million ($112 million) in tax losses, the European Public Prosecutor's Office said Thursday.
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November 05, 2026
Eiko Stange, a member of Wachtell Lipton Rosen & Katz's tax practice, was lead counsel on OpenAI's corporate restructuring and recapitalization, advised Honeywell on its aerospace business's $72 billion spinoff and oversaw the tax implications of Unilever's $44 billion combination with McCormick, earning him a spot as one of the 2026 Law360 Tax MVPs.
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November 05, 2026
The U.S. Tax Court properly ruled that an Oklahoma couple owe roughly $260,000 in taxes and penalties because their ranch wasn't operated for profit as they had asserted, the IRS told the Tenth Circuit, saying they lacked a profit motive to claim deductions for their expenses.
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November 05, 2026
A U.S. Virgin Islands federal judge declined to rethink his order holding that the territory's residents are exempt from the net investment income tax, ruling that local revenue collectors' disagreement with his reasoning is not grounds for reconsideration.
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November 05, 2026
Vacant residential properties in Boulder, Colorado, will be subject to an excise tax starting at $4,000 annually under a ballot measure the city said was approved by voters.
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November 05, 2026
Faegre Drinker Biddle & Reath LLP has hired a Morgan Lewis & Bockius LLP tax associate to join its Philadelphia office as a partner working on federal income tax and other tax matters, according to a Wednesday announcement.
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November 04, 2026
Former SCOTUSblog publisher Tom Goldstein was hit with a $1 million forfeiture order Wednesday by a Maryland federal judge in the wake of his tax and mortgage fraud trial, where the appellate advocate was convicted on a dozen charges.
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November 04, 2026
The IRS erred in denying a $739 million capital loss to an Illinois tool company as well as determining it owes more than $26 million in taxes for 2019 through 2021 and denying its request for a $32 million refund for those years, it told the U.S. Tax Court.
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November 04, 2026
Washington will allow taxation of individual income and, in turn, keep a recently approved high-earner tax, the state's governor said Wednesday.
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November 04, 2026
A New York state appeals court threw out a challenge lodged by homeowners to the rollout of New York City's tax on high-value second homes, saying they lacked standing to bring the suit.
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November 04, 2026
A consumer advocacy organization and an ethics watchdog group urged the Eleventh Circuit on Wednesday to affirm a Florida federal judge's order finding President Donald Trump's $10 billion suit against the IRS and the resulting settlement deal lacked legitimate controversy, saying his suit threatens the judicial branch's integrity.
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November 04, 2026
A German court sentenced a Hong Kong couple to seven years in prison following their conviction for a €10.3 million ($11.6 million) value-added tax evasion scheme, European Union authorities said Wednesday.
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November 04, 2026
The First-tier Tribunal erred in deciding that HM Revenue & Customs could not deny Liverpool's port operator tax allowances on £57.1 million ($76.9 million) spent building part of a deep-water container terminal, the Upper Tribunal found Wednesday.
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November 04, 2026
A court must look again at whether a U.K. company's liquid collagen product is a drink for human consumption, and therefore a zero-rated food for value-added tax purposes, in light of an appeals court's ruling in a separate case, a London tribunal said in a decision published Wednesday.
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November 04, 2026
Paul Weiss Rifkind Wharton & Garrison LLP partner Brian Krause assisted drug company Metsera in its up-to-$10 billion acquisition by Pfizer and served as the lead tax counsel during Keurig Dr Pepper's $18.4 billion acquisition of coffee company JDE Peet's, earning him a place among the 2026 Law360 Tax MVPs.
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November 04, 2026
The Eleventh Circuit denied three Georgia partners' requests for the full court to review a panel's split decision to slash the value of a conservation easement they donated from $18 million to $1 million, saying no judges sought a rehearing.
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November 03, 2026
Three incumbent Washington State Supreme Court justices held off challengers in Tuesday's election, and King County Superior Court judges emerged as front-runners for two other open spots on the state high court, according to preliminary results.
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November 03, 2026
Oklahoma voters rejected a ballot measure that would have reduced the maximum percentage by which political jurisdictions are allowed to increase tax assessments on real property from one year to the next.
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November 03, 2026
North Carolina will amend its constitution to allow the state to impose restrictions on the ability of local governments to raise property tax rates, according to the preliminary results of a Tuesday vote.