The IRS urged the Tenth Circuit on Friday to follow a precedent it set earlier this year and toss a series of appeals by Colorado pot businesses and their owners that challenge tax summonses for information on several entities.
In this week's Taxation With Representation, United Wholesale Mortgage goes public in a $16 billion merger, biotechnology firm Illumina Inc. buys cancer detection company Grail for $8 billion, and Microsoft spends $7.5 billion for two video game companies.
Judges on a Second Circuit panel questioned arguments by President Donald Trump's attorney Friday that a Manhattan grand jury subpoena for his tax records was overbroad, though one judge suggested the possibility of narrowing the subpoena's scope.
The Treasury Inspector General for Tax Administration improperly withheld records in response to a news organization's request for information on an IRS agent who led steroid investigations into Major League Baseball, the organization told a New York federal court.
The D.C. Circuit revived the U.S. House of Representatives' lawsuit challenging the Trump administration's diversion of $8.1 billion for the border wall, saying Friday that a sole chamber of Congress can sue to preserve its spending authority.
The European Commission will appeal a court ruling striking down its landmark decision ordering Ireland to recover €13 billion ($15.1 billion) in illegal subsidies granted to Apple through a series of tax rulings, the bloc's top antitrust official said Friday.
Washington, D.C.'s highest court tossed a lawsuit Thursday brought by a group of insurers challenging the District of Columbia's tax on non-Affordable Care Act plans to fund the district's health care exchange, ruling the tax was not preempted by the landmark law.
California's cannabis regulator has accused a Los Angeles-area manufacturer of flooding the regulated market with $64 million worth of cannabis gummies that were produced without proper licensing.
A Manhattan federal judge Thursday sentenced a Massachusetts accountant brought down by the Panama Papers investigation to 39 months in prison for tax evasion, wire fraud, money laundering and other charges for helping law firm Mossack Fonseca's clients avoid taxes.
Public reports accusing President Donald Trump and his businesses of wrongdoing did not justify the scope of the grand jury subpoena by the Manhattan district attorney for tax returns and financial records, Trump's attorneys told a federal appeals court Thursday.
President Donald Trump and two of his siblings tricked, bullied and swindled their niece, Mary L. Trump, out of her inherited share of the family business, fleecing her out of tens of millions of dollars, according to a lawsuit she filed in New York state court on Thursday.
The Eleventh Circuit said Thursday that the entire appeals court will rehear former U.S. Rep. Corrine Brown's appeal of her conviction on corruption charges, vacating a previous decision affirming the removal of a juror who believed the Holy Spirit told him the ex-Florida congresswoman was innocent.
A California dispensary faced with an $11 million tax bill cannot challenge a law prohibiting federal tax deductions for marijuana businesses because it didn't raise such arguments in the U.S. Tax Court, the government told the Ninth Circuit.
Europe's securities watchdog called on lawmakers Thursday to give regulators across the bloc more power to share information to combat fraudulent schemes linked to dividend transfers, which have deprived the European Union of €55 billion ($63.6 billion) in taxes.
A TSG Group venture is reportedly on the hunt for $14 million in incentives for a Florida multifamily project, Mega Lion is said to be leasing 132,423 square feet in California for five years, and Panda Kitchen and Bath has reportedly paid $6.5 million for a Florida property where it plans to build a new headquarters.
Economic disruption from the novel coronavirus pandemic and Congress' efforts to combat it will increase the federal deficit to record levels, despite an expected rise in tax revenue once the 2017 tax law expires, the Congressional Budget Office said Wednesday.
New York drivers said Wednesday Lyft improperly deducted ride-hailing taxes and surcharges from drivers' portion of fares instead of charging customers, and the company is blatantly mischaracterizing their lawsuit as a tax collection dispute when it's really about wage theft.
McDermott Will & Emery LLC is adding a designated Latin America practice, led by two tax partners, to assist its clients with business and investments in the region, the firm announced.
Eric Trump can't wait until after the November election to sit for a deposition in the state attorney general's office probe into whether President Donald Trump inflated the value of his assets, a New York judge ruled Wednesday.
The death of U.S. Supreme Court Justice Ruth Bader Ginsburg has ignited new fears that the sudden opening on the bench might lead to the end of the Affordable Care Act in a closely watched case before the high court, but experts cautioned that the health insurance law's fate is far from sealed.
Eric Trump shouldn't be allowed to delay testimony until after the election regarding whether President Donald Trump inflated the value of his assets, New York's attorney general told a state court Tuesday, arguing "dilatory conduct" shouldn't be rewarded.
As the stalemate over a new COVID-19 pandemic relief bill continues in the federal government, state lawmakers and leaders made progress over the past week with new measures to battle the health and financial fallout of the coronavirus.
Vermont would legalize recreational cannabis sales to adults and impose excise and sales taxes while offering a tax carveout for medical cannabis sales under legislation passed Tuesday morning by the state Senate.
The D.C. Circuit should consider without delay a House committee's further justifications for its subpoena seeking President Donald Trump's financial records, as its investigation into presidential conflicts of interest is urgent, the panel told the court.
Justice Ruth Bader Ginsburg died on Friday at age 87. Here, Law360 looks at the feminist icon's legacy and the battle brewing over her seat.
Law360 is proud to present a new series profiling a select group of women in tax law, spotlighting attorneys who have provided outstanding service to their clients and the public, changing the dynamics at their workplaces while they did so.
The IRS has started mailing letters to cryptocurrency users warning they could face penalties or worse if they don't properly report transactions and pay taxes on them. Law360 explores important considerations for cryptocurrency users who have received such a letter.
As heat waves spread across the country, tax lawyers’ thoughts may wander from opportunity zones and global intangible low-taxed income regulations to relaxing by the pool with an entertaining book in hand. Here are 10 books tax practitioners should read.
The Arizona Supreme Court's recent decision to eliminate prohibitions on nonlawyer ownership of law firms may show that the organized bar's long-standing rhetoric that such rules are essential to protecting the legal profession's core values is overblown, say Anthony Sebok at Cardozo School of Law and Bradley Wendel at Cornell Law School.
Global high-wealth individuals on the receiving end of an audit letter under the Internal Revenue Service Large Business and International Division's new program should prepare for a thorough examination process that includes their entire network of persons and affiliated entities, say attorneys at MoFo.
Best practices that can help litigators write convincing discovery motions include thinking about the audience, addressing a few key questions, and leaving out boilerplate from supporting briefs, says Tom Connally at Hogan Lovells.
Congress has multiple means to take the politics out of federal judicial nominations and restore the independence of the U.S. Supreme Court — three of which can be implemented without a constitutional amendment, says Franklin Amanat at DiCello Levitt.
Earnouts are poised for a resurgence in the pandemic-churned M&A market, making it important to weigh the structure’s advantages as a way to close valuation gaps between buyers and sellers, as well as consider potential federal income tax disadvantages, say Efren Acosta and Ron Scharnberg at Baker Botts.
As sponsors struggle to evaluate whether and how to include employer contributions when 401(k) plan eligibility is extended to long-term, part-time workers on Jan. 1, newly released IRS guidance may clarify some of the administrative burdens, say Anne Hall and Katharine Finley at Hall Benefits.
For the last 20 years, at the insistence of both parties, U.S. Supreme Court nominations have been fierce ideological battles — which is bad for the country and bad for the public's perception of the legitimacy of the court, say Judge Eric Moyé, Judge Craig Smith and Winston & Strawn partner Tom Melsheimer.
Current privilege logging practices to identify what information is being withheld from discovery often lead to costly disputes, so practitioners should adopt a system based on trust and good faith, similar to the presumptions embedded in the business judgment rule for corporate directors and officers, say Kevin Brady at Volkswagen and Charles Ragan and Ted Hiser at Redgrave.
While the Second Circuit’s 2019 opinion in Jock v. Sterling Jewelers and the Ninth Circuit’s recent decision in Shivkov v. Artex exemplify how two interrelated inquiries have rescued class arbitration, the U.S. Supreme Court will likely address the issues this term and extinguish the practice, say attorneys at McGuireWoods.
A little-noticed memo recently issued by the Trump administration in response to the pandemic, directing federal agencies to provide greater due process to individuals and companies under regulatory investigation, represents a long-overdue sea change in the way justice is carried out in enforcement proceedings, say Joan Meyer and Norman Bloch at Thompson Hine.
Financially robust law firms are entering the recruiting market aggressively knowing that dislocations like the COVID-19 crisis present rare competitive opportunities, and firms that remain on the sidelines when it comes to strategic hiring will be especially vulnerable to having their best talent poached, says Brian Burlant at Major Lindsey.
The recent Ohio Board of Tax Appeals decision in Cleveland Metropolitan Schools Board of Education v. Cuyahoga County Board of Revision highlights factors that courts use in evaluating drop-down LLC transactions for property tax purposes and reminds taxing authorities of their high burden of proof in these cases, say Martin Mooney and Christopher Tassone at Frost Brown.
COVID-19 concerns and glaring gaps in registration threaten to dampen voter turnout in the 2020 election, so attorneys should take on the problem by leveraging their knowledge and resources in seven ways, says Laura Brill at Kendall Brill.
When a witness is isolated from the defending lawyer during a remote deposition, carefully planning the logistics and building witness confidence are critical to avoiding damaging admissions, say Jessica Staiger at Archer Daniels and Alec Solotorovsky at Eimer Stahl.
As the pandemic delays in-person arbitration hearings, mediator and arbitrator Theodore Cheng provides arbitrators with a checklist to examine the rationale and authority for compelling parties to participate in remote hearings.