Federal
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June 26, 2025
Senate Confirms Trump's Pick For Treasury Tax Policy Post
The Senate on Thursday approved President Donald Trump's pick to lead the U.S. Treasury Department's tax policy efforts, who is expected to play a key role in steering the department and carrying out the president's tax agenda.
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June 26, 2025
Tax Court Again Rejects Man's Arguments As Frivolous
A Utah man who claimed his employment income and annuity payments were not taxable must pay the taxes plus an $1,100 fine for repeatedly making frivolous arguments, the U.S. Tax Court ruled Thursday.
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June 26, 2025
Israeli Tax Firm Can't Sue US Over Regs, Gov't Says
A U.S. attorney and his Israeli tax firm can't sue the U.S. Treasury Department over regulations related to taxing overseas income because the underlying law — not the regulations — is the source of their claimed injuries, the U.S. government told a D.C. federal court.
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June 26, 2025
Solar Co. Meyer Burger Can Tap $10M DIP To Fund Ch. 11 Sale
Swiss solar panel maker Meyer Burger's U.S. unit secured a Delaware bankruptcy judge's interim approval Thursday for a $10 million debtor-in-possession loan as it looks to sell two manufacturing sites in Chapter 11.
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June 26, 2025
Developer, IRS Drop Suit Over $18M Loan Deductions
A Florida real estate developer seeking $18 million in tax deductions for loans he said became worthless during the Great Recession agreed to drop his suit against the Internal Revenue Service after reaching a deal with the agency, according to an Eleventh Circuit court filing.
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June 25, 2025
Trade Court Cannot Stop Trump's Tariffs, Gov't Tells Fed. Circ.
The U.S. Court of International Trade hamstrung President Donald Trump in ongoing global trade negotiations when it blocked emergency tariffs he had imposed and deemed them unlawful, the government told the Federal Circuit on Tuesday, urging it to reverse the lower court's ruling.
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June 25, 2025
Treasury Tax Policy Pick Overcomes Key Procedural Hurdle
President Donald Trump's choice to serve as the U.S. Department of the Treasury's assistant secretary for tax policy overcame a procedural hurdle in the Senate on Wednesday when the chamber voted to proceed to a confirmation vote this week.
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June 25, 2025
IRS Advisers Call For Tech Upgrades, Tax Preparer Regs
Improvements to digital payment and filing processes, regulation of tax return preparers and use of advanced technologies are among the areas the IRS and Congress need to focus on to boost the agency's operations, an advisory group said Wednesday.
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June 25, 2025
NJ Accountant Admits To Role In $1.3B Easement Tax Scheme
A New Jersey accountant admitted to promoting fraudulent conservation easement tax shelters to wealthy clients in connection with a $1.3 billion scheme that triggered decades-long prison sentences for two ringleaders, the U.S. Department of Justice said Wednesday.
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June 25, 2025
Pa. Wealth Manager Gets 8 Years For Stealing Client Money
A suburban Philadelphia wealth manager was sentenced Wednesday to just over eight years in prison for using nearly $25 million of his clients' money on properties, country club fees and luxury vacations, his counsel said.
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June 25, 2025
Lobbyist Who Evaded Taxes Gets Prison, $1.7M Restitution
A Miami lobbyist who admitted to evading taxes was sentenced to prison and ordered to pay $1.7 million in restitution to the U.S. after prosecutors said he spent years pretending to sell his house to pay off his debt, according to a Florida federal court.
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June 25, 2025
Taxpayer Advocate Warns Against Further IRS Staffing Cuts
President Donald Trump's administration should lift the IRS' hiring freeze and restore the agency's direct hire authority to ensure it will be equipped to meet taxpayer needs, the National Taxpayer Advocate said Wednesday, warning that further cuts will cripple the agency.
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June 25, 2025
EisnerAmper Adds International Tax Pro To Minneapolis Office
EisnerAmper has expanded its international tax services group with a new partner who helps individual and corporate clients navigate legislation, regulatory risks and compliance obligations.
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June 24, 2025
30 Groups Call For Fixes To Steel, Aluminum Tariff Regime
The U.S. Department of Commerce should improve the process under which steel and aluminum imports are subject to tariffs to minimize unintended consequences, the National Foreign Trade Council and other industry groups said in a letter released Tuesday.
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June 24, 2025
GOP Budget Would Protect US From OECD Taxes, Rep. Says
Senate tax writers working on the $3.8 trillion budget reconciliation bill should support its international tax provisions intended to protect U.S. multinationals from paying higher taxes under the OECD's framework, a House Ways and Means Committee member said Tuesday.
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June 24, 2025
US Won't Stand In Way Of Domestic Min. Taxes, Official Says
The U.S. government wants to preserve other nations' ability to levy domestic minimum taxes on American multinational corporations' local income while ensuring countries can't apply international rules to make those companies pay a minimum rate everywhere they operate, a U.S. Treasury Department official said Tuesday.
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June 24, 2025
Eaton Urges 6th Circ. To Shield Worker Reviews From IRS
An Ohio federal judge should have shielded Eaton Corp.'s evaluations of more than a dozen overseas workers from an IRS investigation of the company's sale of intellectual property, not just the records for workers whose jobs were unrelated to the tax issue, the company told the Sixth Circuit.
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June 23, 2025
US Rules On Amount B 'May Take Some Time,' Official Says
A team is working on draft Internal Revenue Service regulations implementing the simplified transfer pricing approach for baseline marketing and distribution activities known as Amount B, a U.S. Treasury official said Monday, adding that the guidance "may take some time" given the project's unusual origins.
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June 23, 2025
Tax Court Upholds IRS Collection Action Against Calif. Couple
The U.S. Tax Court sustained the IRS' collection action against a California couple for unpaid 2015 and 2021 taxes Monday, saying the agency did not abuse its discretion when it declined the taxpayers' request to withdraw the lien.
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June 23, 2025
New IRS Chief Calls For Culture Change At Agency
New IRS Commissioner Billy Long has called for a transformation of the agency's culture, telling employees that he plans to make the IRS friendlier to both taxpayers and workers during his term, the agency said Monday.
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June 23, 2025
Litigation Funders Fight 'Kill Shot' In 'Big Beautiful Bill'
Litigation funders are in panic mode over a provision in the massive federal spending bill that would impose a 41% punitive tax on the $16 billion industry, with one executive calling it a "kill shot" and an academic warning it amounts to "unprecedented" weaponization of the U.S. tax code.
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June 23, 2025
OECD Official Signals Skepticism About US-Pillar 2 Harmony
Countries are questioning the U.S. Treasury Department's position that the U.S. international tax system can coexist alongside the Pillar Two worldwide minimum tax regime without undermining the global framework, an Organization for Economic Cooperation and Development official said Monday.
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June 23, 2025
Weil Gotshal Hires Akin Gump Tax Partner In NY
Weil Gotshal & Manges LLP announced Monday the hiring of a partner at Akin Gump Strauss Hauer & Feld LLP as a tax partner out of Weil's New York office.
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June 23, 2025
IRS Updates Coal Closure Areas For Energy Community Perk
The IRS released Monday an updated list of counties with shuttered coal manufacturing operations and other locations used to determine a clean energy development project's eligibility to get a boost in tax credits for being in communities that historically relied on the fossil fuel industry.
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June 23, 2025
Crypto Exec Seeks 5th Circ. Redo Over IRS Summonses
A cryptocurrency executive asked the Fifth Circuit to reconsider his request to quash IRS summonses for his bank records, saying its decision that he was prematurely trying to appeal a lower court's ruling ignored his claims that the agency's documents were incomplete and lacked legal power.
Expert Analysis
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Litigation Inspiration: Reframing Document Review
For attorneys — new ones especially — there is much fulfillment to find in document review by reflecting on how important, interesting and pleasant it can be, says Bennett Rawicki at Hilgers Graben.
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Rank-And-File DOJ Attorneys Will Keep Calm And Carry On
Career prosecutors at the U.S. Department of Justice often pride themselves on their ability to remain apolitical in order to ensure consistency and keep the department’s mission afloat, and the incoming Trump administration is unlikely to upend this tradition, says Michael Landman at Bird Marella.
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What Higher Education Can Expect From A 2nd Trump Admin
The election of Donald Trump for a second presidential term has far-reaching ramifications for colleges and universities — come January, institutions can expect a crackdown on DEI, increased scrutiny of campus protests, a rollback of the Biden administration's Title IX rules and more, say attorneys at Jenner & Block.
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3 Ways To Train Junior Lawyers In 30 Minutes Or Less
Today’s junior lawyers are experiencing a skills gap due to pandemic-era disruptions, but firms can help bring them up to speed by offering high-impact skill building content in bite-sized, interactive training sessions, say Stacey Schwartz at Katten, Diane Costigan at Winston & Strawn and Lauren Tierney at Freshfields.
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Expect Surging Oil And Gas Industry Under New Trump Admin
Throughout his recent campaign, President-elect Donald Trump promised increased oil and natural gas production and reduced reliance on renewables — and his administration will likely bring more oil and gas dealmaking, faster federal permitting and attempts to roll back incentives for green energy, say attorneys at Sidley.
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The Bar Needs More Clarity On The Discovery Objection Rule
Almost 10 years after Federal Rule of Civil Procedure 34 was amended, attorneys still seem confused about what they should include in objections to discovery requests, and until the rules committee provides additional clarity, practitioners must beware the steep costs of noncompliance, says Tristan Ellis at Shanies Law Office.
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Cos. Should Inventory Issues To Prep For New Congress
As the legislative and oversight agendas of the 119th Congress come into sharper focus, corporate counsel should assess and plan for areas of potential oversight risk — from tax policy changes to supply chain integrity — even as much uncertainty remains, say attorneys at WilmerHale.
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Conservation Easement Cases Weave Web Of Uncertainty
Much of the IRS and Justice Department’s recent success in prosecuting syndicated conservation easement cases can be attributed to the government’s focus on the so-called PropCo ratio, which could indicate treacherous waters ahead for participants and their advisers, even under the incoming Trump administration, say attorneys at Polsinelli.
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So You Want To Move Your Law Practice To Canada, Eh?
Google searches for how to move to Canada have surged in the wake of the U.S. presidential election, and if you’re an attorney considering a move to the Great White North, you’ll need to understand how the practice of law differs across the border, says David Postel at Henein Hutchison.
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Legislation Most Likely To Pass In Lame Duck Session
As Congress begins its five-week post-election lame duck session, attorneys at Greenberg Traurig break down the legislative priorities and which proposals can be expected to pass.
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What Trump's 2nd Presidency Could Mean For Crypto Sector
Trump's second term will bring a fundamental shift from the Biden administration's approach to crypto-asset regulation and banking supervision, with the most significant changes likely taking effect in the first two quarters of 2025 and broader policy shifts emerging over the next year, say attorneys at Cahill.
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Promoting Diversity In The Selection Of ADR Neutrals
Excerpt from Practical Guidance
Choosing neutrals from diverse backgrounds is an important step in promoting inclusion in the legal profession, and it can enhance the legitimacy and public perception of alternative dispute resolution proceedings, say attorneys at Lowenstein Sandler.
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Striking A Balance Between AI Use And Attorney Well-Being
As the legal industry increasingly adopts generative artificial intelligence tools to boost efficiency, leaders must note the hidden costs of increased productivity, and work to protect attorneys’ well-being while unlocking AI’s full potential, says Ed Sohn at Factor.