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Federal
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April 03, 2026
Man Denies Owing Gov't $19M In Biofuel Tax Credit Fraud
A businessman told a Utah federal court that he shouldn't need to pay over $19 million for a forfeited loan from a company central to a $511 million biofuel tax credit fraud because the government's calculations are unjust and a government asset tricked him into withholding payment.
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April 03, 2026
Law360 Announces The Members Of Its 2026 Editorial Boards
Law360 is pleased to announce the formation of its 2026 Editorial Advisory Boards.
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April 03, 2026
Feds Fight Atty's Bond Request Amid $22M Tax Fraud Appeal
A North Carolina federal court should reject a lawyer's bid to remain free on bail while she appeals her conviction for helping perpetrate a $22 million tax fraud scheme because she didn't show that her appeal is likely to change her conviction, federal prosecutors said.
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April 03, 2026
Sanctioned Ex-Broker Pushes To Keep IRS Records Suit Alive
The IRS should not be allowed to withhold records of its investigation into an ex-broker sanctioned by the Financial Industry Regulatory Authority for hiding $1.7 million in tax liens, he told a North Carolina federal court Friday, urging it to let his case against the tax agency proceed.
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April 03, 2026
Taxation With Representation: Cleary, Hogan Lovells, Wachtell
In this week's Taxation With Representation, spice maker McCormick acquires Unilever's foods business, wholesale restaurant food distributor Sysco buys Jetro Restaurant Depot, and private equity giant KKR closes a fund focused on investments in North America.
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April 03, 2026
Weekly Internal Revenue Bulletin
The Internal Revenue Service's weekly bulletin, released Friday, included the agency's request for suggestions on what to prioritize in an upcoming guidance plan.
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April 03, 2026
Clean Energy Tax Credits Could Gain Ground In Tax Planning
Discounted pricing and risk-limiting contracts are driving large companies to buy clean energy tax credits to lower their IRS bills, a move experts said could become standard in corporate tax planning.
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April 02, 2026
Judge Keeps IRS, Booz Allen In Lawsuit Over Tax Data Leak
A class action against the federal government and contractor Booz Allen Hamilton seeking to hold them accountable for the unauthorized disclosure of a trove of wealthy people's tax returns by a worker on the job with the IRS can move forward, a Maryland federal judge said.
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April 02, 2026
Trump Orders 100% Pharma Tariff, Modifies Metals Duties
Later this year, the U.S. will impose 100% tariffs on imported pharmaceuticals, but drug companies could qualify for reduced tariff rates as low as zero if they agree to invest domestically and enter most-favored-nation drug-pricing agreements with the government, according to an executive order President Donald Trump signed Thursday.
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April 02, 2026
Property Co. Not Liable To Investors In $40M Fraud Suit
A group of investors were told by a Tennessee federal judge that they cannot claim that a property holding company is liable for debts to investors under state statute in a suit accusing a purported green energy outfit and its executives of using promises of extravagant returns to induce investments.
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April 02, 2026
US Tariffs Hiked Consumer Prices By 0.5% To 1%, Report Says
The U.S. government's tariffs imposed last year likely raised consumer prices by 0.5% to 1%, the Yale Budget Lab said Thursday in a report that revised down its initial estimates.
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April 02, 2026
5th Circ. Urged To Rethink Tax Break For Limited Partners
The Internal Revenue Service asked the Fifth Circuit to reconsider its decision allowing business partners with limited liability under state law to be excluded from the federal self-employment tax, saying it threatens the funding of Social Security and Medicare.
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April 02, 2026
$3.6T Of Untaxed Personal Wealth Held Offshore, Oxfam Says
About $3.6 trillion in untaxed household wealth was held offshore in 2024, exceeding the poorer half of humanity's combined wealth by about $1 trillion, Oxfam International reported Thursday.
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April 01, 2026
Facebook Users Lose Cert. Bid In Tax-Data Collection Fight
A California federal judge has refused to certify proposed classes of consumers accusing Meta Platforms Inc. of illegally collecting sensitive financial data from tax preparation websites, finding that the currently proposed classes are "significantly" broad and would likely invite statute-of-limitations defenses that would require "extensive individual inquiries" into each class member.
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April 01, 2026
Ex-Diplomat Says Rep. Rivera's Liaison Was Out For Himself
A retired diplomat Wednesday described former Florida congressman David Rivera's Venezuelan contact Raúl Gorrín as a wealthy businessman "distrusted by everybody," telling jurors in the criminal trial against Rivera that Gorrín was willing to work with the Venezuelan regime when financially beneficial.
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April 01, 2026
The Tax Angle: Justices' Birthright Case Has Revenue Stakes
The U.S. Supreme Court's coming decision on whether to uphold birthright citizenship could reverberate far beyond immigration policy, with ripple effects seen in the size of the U.S. tax base, federal and state tax collections, labor markets and major benefits programs.
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April 01, 2026
4 Million Trump Accounts Established, IRS Says
More than 4 million children have been signed up for the new type of individual retirement account known as a Trump account, with more than a quarter of them eligible to receive $1,000 contributions through a pilot program, the Internal Revenue Service said.
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April 01, 2026
Court Blocks IRS Deal On Church Endorsements
A Texas federal court rejected a deal between the IRS and church groups that sought to allow churches to engage in political speech without losing their tax-exempt status, saying the court lacked jurisdiction because the deal sprung from a case that tried to restrain tax collection.
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April 01, 2026
NYSBA Urges Broader Doc. Rules In Treasury's Sourcing Regs
The U.S. Treasury Department should provide more flexibility for documentation requirements in upcoming guidance for determining the source of payments in certain securities lending transactions, the New York State Bar Association's Tax Section said.
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March 31, 2026
Lobbyist Blocked Rivera After Tying Him To $50M Oil Deal
Republican lobbyist Brian Ballard was "exceptionally angry" and blocked former Florida Congressman David Rivera's number after Rivera insinuated Ballard was tied to a $50 million consulting agreement Rivera signed with the U.S. affiliate of Venezuela's state-owned company, Ballard testified Tuesday in federal court.
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March 31, 2026
DOL's Push To Curb 401(k) Suits Could Face Court Challenges
The U.S. Department of Labor's recent proposal to give retirement plan fiduciaries legal cover to select a broader range of investments aims to reduce ERISA litigation, but attorneys on both sides of the bar say they expect the rule to face legal challenges if finalized as proposed.
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March 31, 2026
$50M Estate Tax Suit Is Late, Plastics Heir Tells Court
A Connecticut federal court should reject the U.S. government's request for a ruling that its $50 million estate tax suit against the heirs of a plastics company owner is timely, one of the heirs argued, saying a decades-old proof of claim didn't pause the clock on collection.
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March 31, 2026
Tariff Refunds On Liquidated Goods To Come, Customs Says
U.S. Customs and Border Protection will enable refunds for imports already liquidated that were subject to tariffs struck down by the U.S. Supreme Court, but that functionality still requires more time to develop, according to an official's declaration filed Tuesday in the U.S. Court of International Trade.
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March 31, 2026
APAs Continue To Drop From 2023 Record, IRS Says
The Internal Revenue Service finalized fewer advance pricing agreements for U.S. multinational corporations in 2025 following peak levels seen in previous years, according to a report from the agency.
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March 31, 2026
IRS Can Collect $371M From Convicted Ex-Atty, 7th Circ. Says
The Internal Revenue Service can assess and collect restitution against a former attorney who served prison time in connection with $7 billion in tax fraud, making the amount immediately due and payable, the Seventh Circuit ruled, saying it was the first circuit court to address the issue.
Expert Analysis
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Adapting To Private Practice: From Va. AUSA To Mid-Law
Returning to the firm where I began my career after seven years as an assistant U.S. attorney in Virginia has been complex, nuanced and rewarding, and I’ve learned that the pursuit of justice remains the constant, even as the mindset and client change, says Kristin Johnson at Woods Rogers.
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7 Document Review Concepts New Attorneys Need To Know
For new associates joining firms this fall, stepping into the world of e-discovery can feel like learning a new language, but understanding a handful of fundamentals — from coding layouts to metadata — can help attorneys become fluent in document review, says Ann Motl at Bowman and Brooke.
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Agentic AI Puts A New Twist On Attorney Ethics Obligations
As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.
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Opportunity Zone's Future Corp. Tax Benefits Still Uncertain
Despite recent legislative enhancements to the qualified opportunity fund program, and a new G7 understanding that would exempt U.S.-parented multinationals from the undertaxed profits rule, uncertainties over future tax benefits could dampen investment interest in the program, says Alan Lederman at Gunster.
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How GILTI Reform Affects M&A Golden Parachute Planning
Deal teams should evaluate the effect of a recent seemingly technical change to U.S. international tax law on the golden parachute analysis that often plays a critical part of many corporate transactions to avoid underestimating its impact on an acquirer's worldwide taxable income following a triggering transaction, say attorneys at MoFo.
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What To Expect As Trump's 401(k) Order Materializes
Following the Trump administration’s recent executive order on 401(k) plan investments in alternative assets like cryptocurrencies and real estate, the U.S. Department of Labor and the U.S. Securities and Exchange Commission will need to answer several outstanding questions before any regulatory changes are implemented, say attorneys at Cleary.
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Demystifying The Civil Procedure Rules Amendment Process
Every year, an advisory committee receives dozens of proposals to amend the Federal Rules of Civil Procedure, most of which are never adopted — but a few pointers can help maximize the likelihood that an amendment will be adopted, says Josh Gardner at DLA Piper.
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Parenting Skills That Can Help Lawyers Thrive Professionally
As kids head back to school, the time is ripe for lawyers who are parents to consider how they can incorporate their parenting skills to build a deep, meaningful and sustainable legal practice, say attorneys at Alston & Bird.
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Unpacking The New Opportunity Zone Tax Incentive Program
The One Big Beautiful Bill Act brought several improvements to the opportunity zone tax incentive program that should boost investments in qualified funds, including making it permanent, increasing federal income tax benefits in rural areas, redesignating the qualified zones, and requiring more in-depth reporting, says Marc Schultz at Snell & Wilmer.
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Trump Tax Law's Most Impactful Energy Changes
The One Big Beautiful Bill Act's deferral of begin-construction deadlines and the phaseout of certain energy tax credits will provide emerging technologies with welcome breathing room, though other changes, like the increased credit rate for sustainable aviation fuel, create challenges for developers, say attorneys at Weil.
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Adapting To Private Practice: From Texas AUSA To BigLaw
As I learned when I transitioned from an assistant U.S. attorney to a BigLaw partner, the move from government to private practice is not without its hurdles, but it offers immense potential for growth and the opportunity to use highly transferable skills developed in public service, says Jeffery Vaden at Bracewell.
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Advice For 1st-Gen Lawyers Entering The Legal Profession
Nikki Hurtado at The Ferraro Law Firm tells her story of being a first-generation lawyer and how others who begin their professional journeys without the benefit of playbooks handed down by relatives can turn this disadvantage into their greatest strength.
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UK's 1st ICSID Claim Shows Bilateral Investment Treaty Reach
For the first time, the U.K. is facing a claim under the International Centre for Settlement of Investment Disputes Convention, underscoring the broader reality that treaty protections are no longer confined to investors in emerging markets, says Philipp Kurek at Signature Litigation.