Federal

  • April 09, 2025

    Tax Court Restores $74M In Deductions For Met Donations

    A philanthropist can take nearly $74 million in charitable tax deductions for paintings he donated to the Metropolitan Museum of Art, even though the values were determined by an unqualified appraiser, the U.S. Tax Court ruled Wednesday in restoring a tax break denied by the IRS.

  • April 09, 2025

    3rd Circ. Affirms NJ CPA's Tax Bill Over Rehashed Arguments

    The U.S. Tax Court correctly determined that a New Jersey certified public accountant owed roughly $23,000 in federal income taxes, rejecting his previously deemed frivolous arguments that he was actually owed $30,000 in refunds, the Third Circuit said Wednesday.

  • April 09, 2025

    Trump Halts Reciprocal Tariffs For 90 Days, Ups China Rates

    President Donald Trump has ordered a 90-day pause on reciprocal tariffs for certain countries hours after they took effect, except for China, whose imports he said now face an increased tariff of 125%, according to a Wednesday social media post.

  • April 09, 2025

    IRS Acting Chief To Stay On Through Mid-May, Treasury Says

    The Internal Revenue Service's interim leader, Melanie Krause, will stay at her post through May 15, the U.S. Treasury Department said Wednesday, after she and other officials reportedly said they would resign following an IRS agreement to share taxpayer information with immigration enforcement agencies.

  • April 09, 2025

    Canada Retaliates With 25% Tariffs On US Cars And Parts

    Canada began slapping 25% tariffs on American cars and parts Wednesday as retaliation against tariffs on Canadian products implemented by President Donald Trump, the country's Department of Finance announced.

  • April 09, 2025

    Denial Of Child Tax Credit For Mother Upheld By Tax Court

    A Florida woman is not entitled to claim a child who lived with her ex-husband as a dependent, nor can she claim the associated child tax credit, since her ex also claimed the child, the U.S. Tax Court said Wednesday.

  • April 09, 2025

    Eaton Asks To Redact Docs Before Court Review Of Tax Case

    Multinational power company Eaton Corp. asked an Ohio district court to allow it to redact information related to employees' sexual orientation and religious beliefs before the court's Sixth Circuit-ordered review of their records, saying such information isn't relevant to its transfer pricing dispute.

  • April 09, 2025

    EU Votes To Hike Levies In Response To US Metal Tariffs

    The European Union approved raising tariffs on U.S. goods in response to President Donald Trump's tariffs on steel and aluminum imposed in March, although the bloc has not yet made public the final list of products affected.

  • April 09, 2025

    IRS Claim Of Lost Records Not Fraud, DC Circ. Told

    The D.C. Circuit should uphold a finding that the Internal Revenue Service did not commit fraud when it said that two boxes of records were lost when it responded to requests for documents underlying a businessman's $18 million tax judgment, the government argued Wednesday.

  • April 08, 2025

    Feds Call Exec Charged With Tax Evasion A Flight Risk

    An aerospace company founder facing tax evasion and other fraud charges should remain in pretrial detention because he's a major flight risk, prosecutors told a D.C. federal court.

  • April 08, 2025

    Boston Pol To Resign After Admitting Kickback Scheme

    A Boston city councilor said Tuesday she will resign from her position, after agreeing to plead guilty to using taxpayer funds in a bonus-kickback scheme that involved a secretive $7,000 cash handoff in a City Hall bathroom.

  • April 08, 2025

    GOP, Panelists Urge Estate Tax Repeal As Aid For Small Biz

    Congress should impose additional tax relief, including repealing the estate tax, in addition to extending the Tax Cuts and Jobs Act's expired and expiring provisions this year, Republicans and several witnesses said during a hearing held by House and Senate committees Tuesday.

  • April 08, 2025

    IT Staffing Co. CEO Charged With $2M Payroll Tax Fraud

    The chief executive officer of a Philadelphia-area information technology staffing firm was charged with failing to collect and pay $2 million in trust fund taxes on behalf of his company and also perjuring himself in his Chapter 13 bankruptcy proceedings.

  • April 08, 2025

    Tax-Dodging Ex-Software Exec Denied Bond Pending Appeal

    A former software executive sentenced to a year in prison for failing to pay over $600,000 in employment taxes in the years before his company failed cannot remain free on bond while he appeals his conviction, a North Carolina federal judge said Tuesday.

  • April 08, 2025

    Judge Won't Block IRS' Automatic Denials Of Worker Credits

    An Arizona federal judge rejected a request by two tax assistance companies to stop the IRS from issuing batch denials of thousands of pandemic-era worker credit claims, saying the companies, which take a cut of the refunded credits as fees, lack the legally required interest in their clients' refunds.

  • April 08, 2025

    Hughes Hubbard Expands Finance Practice With Tax Expert

    Hughes Hubbard & Reed LLP announced it is expanding the firm's project finance practice by adding a former Norton Rose Fulbright attorney with a background in tax law to its Washington, D.C., office.

  • April 08, 2025

    IRS Acting Chief To Depart Amid ICE Info Sharing Deal

    The Internal Revenue Service's acting commissioner Melanie Krause plans to step down, the White House confirmed Tuesday, after the agency struck an agreement with immigration enforcement authorities to share taxpayer records of non-U.S. citizens under criminal investigation.

  • April 08, 2025

    6th Circ. Upholds Mich. Lawyer's Tax Fraud Convictions

    A Michigan personal injury lawyer convicted of filing false tax returns lost a bid for a second trial Monday, as a federal appeals court said he repeated defenses already rejected once by a jury. 

  • April 08, 2025

    Justices Halt Order To Reinstate Federal Workers

    The U.S. Supreme Court on Tuesday hit pause on a California federal court order reinstating tens of thousands of probationary federal workers who were fired from six agencies, agreeing with the Trump administration that the nonprofit groups that obtained the order lack standing to challenge the firings. 

  • April 07, 2025

    DOJ Says Partnerships Can't Wipe Out $4M Tax Lien

    Two partnerships cannot use a mortgage sale to foreclose on properties and wipe out the government's $4 million tax lien on a couple's real estate, the U.S. told a Washington federal court.

  • April 07, 2025

    Tax Court Backs Founder's Valuation Of Baby Products Co.

    The U.S. Tax Court sided Monday with a founder of a line of knockoff baby products who claimed the company was worth about $10 million less than the IRS believed, saying the agency's appraisal failed to consider the impact of his extramarital affair and an ensuing FBI investigation.

  • April 07, 2025

    Trump Threatens Triple-Digit Tariff Rates If China Retaliates

    President Donald Trump on Monday threatened an additional 50% tariff on Chinese imports entering the U.S., which would drive the total rate above 100%, if Beijing follows through on the retaliatory tariffs announced last week in response to Trump's reciprocal plan.

  • April 07, 2025

    TCJA Designer Tapped For Key Policy Role At Treasury

    An architect of the 2017 federal tax overhaul has been picked to serve as assistant secretary for legislative affairs at the U.S. Treasury Department, Treasury Secretary Scott Bessent said in announcing several appointments at the agency.

  • April 07, 2025

    3 Plead To Construction Scheme That Skirted $26M In Taxes

    Three Floridians have pled guilty to a fraud scheme that prosecutors said caused more than $26 million in tax losses, bilked insurance companies and helped employ people unauthorized to work in the United States, according to court filings.

  • April 06, 2025

    Senate Passes Amended Budget With Permanent Tax Cuts

    The Senate sent back to the House an amended budget bill that would permanently extend the Tax Cuts and Jobs Act and allow for up to $1.5 trillion in other tax cuts, setting the stage for negotiations on the bill between the two chambers.

Expert Analysis

  • Adapting To Private Practice: From Fed. Prosecutor To BigLaw

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    Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.

  • Justices' False Statement Ruling Curbs Half-Truth Liability

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    The U.S. Supreme Court’s recent Thompson v. U.S. decision clarified that a federal statute used to prosecute false statements made to bank regulators only criminalizes outright falsehoods, narrowing prosecutors’ reach and providing defense counsel a stronger basis to challenge indictments of merely misleading statements, says Tamara de Silva at De Silva Law Offices.

  • Perfecting Security Interests In Renewable Energy Tax Credits

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    The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.

  • Firms Still Have Lateral Market Advantage, But Risks Persist

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    Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.

  • Making The Opportunity Zones Program Great At Last

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    As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.

  • We Must Allow Judges To Use Their Independent Judgment

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    As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.

  • Preparing For Tariffs On Canadian Power In The Northeast

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    The on-again, off-again risk of import and export tariffs on energy transactions between the U.S. and Canada may have repercussions for U.S. energy stakeholders in the ISO New England and New York Independent System Operator electricity markets — but there are options that could help reduce cost impacts, say attorneys at Husch Blackwell.

  • Making The Case For Rest In The Legal Profession

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    For too long, a culture of overwork has plagued the legal profession, but research shows that attorneys need rest to perform optimally and sustainably, so legal organizations and individuals must implement strategies that allow for restoration, says Marissa Alert at MDA Wellness, Carol Ross-Burnett at CRB Global, and Denise Robinson at The Still Center.

  • Mitigating Tariff Risks For Healthcare In US And Canada

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    Healthcare stakeholders should take steps to evaluate the impact of cross-border tariffs, as the historically strong ties between Canada and the U.S. demonstrate the potential for real disruption and harm to the healthcare industry in both countries, say attorneys at Norton Rose.

  • 4 Ways Women Attorneys Can Build A Legal Legacy

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    This Women’s History Month, women attorneys should consider what small, day-to-day actions they can take to help leave a lasting impact for future generations, even if it means mentoring one person or taking 10 minutes to make a plan, says Jackie Prester, a former shareholder at Baker Donelson.

  • A Judge's Pointers For Adding Spice To Dry Legal Writing

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    U.S. District Judge Fred Biery shares a few key lessons about how to go against the grain of the legal writing tradition by adding color to bland judicial opinions, such as by telling a human story and injecting literary devices where possible.

  • Why NY May Want To Reconsider Its LLC Transparency Law

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    Against the backdrop of the myriad challenges to the federal Corporate Transparency Act, it may be prudent for New York to reconsider its adoption of the LLC Transparency Act, since it's unclear whether the Empire State's "baby-CTA" statute is still necessary or was passed prematurely, say attorneys at Pillsbury.

  • IRS Scrutiny May Underlie Move Away From NIL Collectives

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    The University of Colorado's January announcement that it was severing its partnership with a name, image and likeness collective is part of universities' recent push to move NIL activities in-house, seemingly motivated by tax implications and increased scrutiny by the Internal Revenue Service, say attorneys at Buchanan Ingersoll.

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