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June 02, 2026
A group of seven House Democrats is pressing the Internal Revenue Service and the U.S. Department of the Treasury to issue tax guidance for state-licensed medical cannabis businesses, warning that delay could leave taxpayers unable to claim deductions they might be eligible for after the Trump administration loosened federal restrictions.
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June 02, 2026
A former manager of the Kansas City Royals and his wife are liable for tax deficiencies and a 40% penalty after claiming a significantly inflated value for land in Meriwether County, Georgia, that they donated to a conservation group in 2017, the U.S. Tax Court held Tuesday.
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June 02, 2026
A woman urged the U.S. Supreme Court on Tuesday to reconcile the appellate courts' split over the period to assess taxes against a taxpayer in cases when a third party commits fraud, saying the IRS even admitted that the conflict creates "intolerable results."
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June 02, 2026
The U.S. Trade Representative proposed hitting Brazil with a broad 25% tariff following a trade investigation that it says uncovered a slew of "unfair practices that imposed burdens on American businesses," including poorly enforced intellectual property rights and preferential tariffs.
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June 02, 2026
The estate of a successful dentist who died in 2017 sued McDermott Will & Schulte LLP, Venable LLP and two attorneys in California state court Monday, alleging they gave negligent legal advice in planning the dentist's estate causing it to owe the IRS $40 million in taxes and penalties.
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June 02, 2026
The Federal Circuit should maintain a pause on a lower court's order blocking President Donald Trump's temporary global tariffs with respect to Washington state and two businesses, the U.S. argued, saying the merits "lopsidedly" favor a stay during the government's appeal.
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June 02, 2026
A Minnesota childcare center was entitled to a property tax break as an educational facility, the Minnesota Tax Court said, rejecting a county's argument that the school did not meet a deadline for a filing with the county before appealing to the court.
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June 02, 2026
Acting Attorney General Todd Blanche told lawmakers Tuesday, "we're not moving forward" with the controversial $1.8 billion settlement fund.
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June 02, 2026
Washington, D.C., would allow a new way to appeal the fair market value, used to calculate transfer and recordation taxes, of properties transferred for no or nominal consideration under legislation signed into law, subject to 30-day congressional review.
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June 02, 2026
With a July 4 deadline set by President Donald Trump looming, the European Union moved one step closer to implementing its trade deal cutting tariffs — though with added guardrails — as a Parliament committee voted Tuesday to advance the legislation.
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June 02, 2026
After less than a year in a new building in New Jersey, Samsung said it plans to move its headquarters to Texas by the end of 2026, wrapping up a more than 40-year run of corporate residency in the Garden State.
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June 02, 2026
Colorado is extending its conservation easement tax credit for five years under legislation signed by Gov. Jared Polis.
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June 02, 2026
Bradley Arant Boult Cummings LLP has expanded its real estate, finance and private wealth groups in Mississippi by hiring five former Watkins & Eager PLLC partners for its Jackson office.
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June 01, 2026
The Chicago Bears on Monday kept the door open to staying in Illinois instead of moving to Indiana, hours after the state's Senate failed to act on a tax incentive bill for a proposed stadium before the legislative session ended.
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June 01, 2026
Connecticut will change its cannabis tax structure, provide funding to local governments for property tax reductions and make other tax changes under a 2027 budget bill signed by the governor.
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June 01, 2026
The OECD is looking for feedback on draft revisions to its transfer pricing guidelines that deal with intragroup services, the organization said Monday.
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June 01, 2026
Maryland authorized local governments to grant property tax credits for service stations that are converted to other uses under legislation signed by the governor.
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May 29, 2026
TurboTax-maker Intuit Inc. has beaten a lawsuit accusing it of infringing a patent that covers synchronized internet browsing after a California federal judge found that its tax preparation services don't meet key language of the patent.
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May 29, 2026
Sacramento business and political leaders have started a campaign to bring a Major League Baseball expansion team to the area, unveiling plans to build a stadium and mixed-use development next to the temporary minor league home of MLB's Athletics.
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May 29, 2026
The D.C. Circuit Friday ordered a lower court to reconsider a Seychellois telecommunications company's bid to enforce an arbitral award of more than $21 million against the Republic of Guinea, ruling that its sovereign immunity analysis was "too narrow."
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May 29, 2026
A political consultant convicted alongside ex-Florida Rep. David Rivera asked for a new trial Friday, arguing that the government "did not come close to proving" that she was guilty of willfully failing to register as a foreign agent for her work on a $50 million contract with a unit of Venezuela's state-owned oil company.
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May 29, 2026
The owner of a blood-testing laboratory was sentenced to more than four years in federal prison after evading $11.2 million in taxes by using an accomplice to illegally collect Medicare reimbursements made to the company, California federal prosecutors said.
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May 29, 2026
Maryland loosened eligibility requirements for a local option property tax credit for urban agricultural activities under a bill signed by the governor.
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May 29, 2026
The owner of a Florida renewable fuel company was sentenced to 18 months in prison followed by two years of supervised release for a scheme that generated more than $7 million in fraudulent fuel tax credits, the U.S. Department of Justice announced Friday.
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May 29, 2026
In this week's Taxation With Representation, Fertitta Entertainment acquires Caesars Entertainment, Eli Lilly and Co. buys three companies involved in vaccine development, and nuclear energy company Newcleo Ltd. says it plans to go public by merging with a special purpose acquisition company, NewHold Investment Corp. III.