Federal
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March 03, 2026
IRS Sets 2026 Car Depreciation Deduction Limits
Some vehicles placed in service in 2026 will be eligible for an additional depreciation deduction of up to $20,300 for the first tax year, the Internal Revenue Service said Tuesday.
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March 03, 2026
DC Circ. Urged To Aid Discovery In ICE-IRS Data-Sharing Case
A taxpayer group challenging the legality of a deal allowing the Internal Revenue Service to share taxpayer location information with immigration authorities asked the D.C. Circuit to remand part of the case to investigate the IRS' admission that it improperly shared addresses under the agreement.
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March 03, 2026
Gov't Goes After $19M In Biofuel Tax Credit Fraud Case
A businessman who owes more than $19 million to a company subject to forfeiture over its involvement in a $511 million biofuel tax credit fraud must hand over the money to the federal government now that a catfishing scheme targeting him is resolved, the government told a Utah federal court.
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March 03, 2026
Direct Access To Tax Info Could Help SBA, GAO Says
The Small Business Administration could lessen its financial risk in distributing loans through its disaster aid program by seeking statutory authority to directly access the tax data of applicants, the U.S. Government Accountability Office reported Tuesday.
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March 02, 2026
4 Things That Likely Sealed Fate Of SCOTUSblog Founder
When 12 "guilty" verdicts were read aloud by the jury in SCOTUSblog founder Thomas Goldstein's tax evasion and mortgage fraud trial last week, it was the culmination of a 16-day trial that took jurors deep into Goldstein's ultra high-stakes poker playing, his lavish lifestyle and his former law firm's accounting. Here, Law360 looks at four key pieces of evidence that likely moved jurors to their decision.
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March 02, 2026
Disregarded Entity Can't Claim Basis In Partnership
A company that elected to be treated as a disregarded entity — a branch of its parent — and attempted to pay for interest in a partnership with a promissory note from the parent can't claim a basis in the partnership for 2009, the U.S. Tax Court held Monday.
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March 02, 2026
Heirs Of $4M Oil Estate On Hook For Taxes, Judge Rules
Sons of an owner of oil and gas businesses owe taxes on his $4 million estate, a Kansas federal judge said, finding that the sons' agreement to pay the bill in installments allowed the IRS extra time to sue them when they stopped paying the debt.
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March 02, 2026
Tax Court Rejects Easements' Mining Values, Cuts Deductions
The U.S. Tax Court substantially reduced the million-dollar charitable deductions claimed by two partnerships for their Georgia conservation easement donations, rejecting their valuations premised on the properties' potential mining use in a Monday opinion.
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March 02, 2026
FedEx Customers Seek Refunds For Passed-On Tariff Costs
A proposed class action in Florida federal court looks to make sure FedEx refunds customers for the costs of tariffs the shipping giant passed on to them as the company looks to recoup its payments made under President Donald Trump's illegal tariff regime.
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March 02, 2026
Int'l Tax In February: Check On US Tariffs Prompts Reactions
Over the past month, new U.S. Internal Revenue Service rules on clean fuel and energy tax credits have brought certainty for some taxpayers, even as the end of tariffs imposed under the U.S. International Emergency Economic Powers Act has created new uncertainty around recent trade deals with India and the European Union. Here, Law360 looks at the biggest international tax developments in February.
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March 02, 2026
IRS Explains Rules For Claiming Tips, Overtime Deductions
The Internal Revenue Service published a new schedule and additional instructions Monday for claiming the new deductions for tips, overtime and car loan interest enacted under last summer's budget reconciliation bill.
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March 02, 2026
IRS Asks 6th Circ. For Lower Bar In Nonprofit Donors Case
Whether the federal government can force nonprofits to reveal the identities of their large donors is a question that should not be subject to a heightened level of judicial review, the Internal Revenue Service told the Sixth Circuit on a pivotal point in a free speech case.
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March 01, 2026
Union President Blasts IRS For Terminating Workers' Contract
The president of the union representing Internal Revenue Service employees denounced the agency's termination of its contract under an executive order from President Donald Trump as an illegal, unilateral move.
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February 28, 2026
2nd Circuit Says IRS Can Apply Foreign Biz Reporting Penalty
The Internal Revenue Service may use administrative assessment to collect penalties from a taxpayer for failing to report control of a foreign business from 2005 to 2009, the Second Circuit held Friday, vacating a U.S. Tax Court ruling.
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February 27, 2026
Goldstein Testimony 'Solidified' Case, Juror Says
One of the 12 jurors who convicted SCOTUSblog founder Thomas Goldstein on a slew of tax and mortgage charges on Feb. 25 told Law360 that the key moment in the 16-day trial was when the famed U.S. Supreme Court lawyer took the stand, with the juror calling the testimony "a performance."
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February 27, 2026
Trump's Trade Deals Face Tricky Path After Tariff Ruling
While President Donald Trump has said the trade agreements struck in response to tariffs that have now been invalidated by the U.S. Supreme Court will be kept, navigating the terms of those deals in the aftermath is already proving complicated.
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February 27, 2026
3 Takeaways From The Supreme Court's Mich. Tax Sale Case
The U.S. Supreme Court will consider issues of fairness and just compensation in a case in which a Michigan county seized a home over a disputed $2,200 tax debt and sold it at auction, but oral arguments made clear it will not be an easy decision. Here, Law360 presents three takeaways from the oral arguments in Pung v. Isabella County.
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February 27, 2026
Tax Court Urged To Restore Nixed $85M Conservation Break
The U.S. Tax Court should restore an $85 million tax deduction denied to a partnership for its donation of a conservation easement protecting hundreds of acres of Virginia forest, the partnership told the court, arguing that the land was so financially valuable because it could have been developed for coal mining.
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February 27, 2026
Taxation With Representation: Linklaters, Wilson Sonsini
In this week's Taxation With Representation, French electric utility Engie acquires UK Power Networks, Gilead Sciences Inc. buys clinical-stage biotechnology company Arcellx Inc., and The Brink's Co. acquires NCR Atleos in a deal that unites two major companies in the ATM business.
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February 27, 2026
No Weekly Internal Revenue Bulletin Articles For March 2
The Internal Revenue Service's weekly bulletin, issued Friday, said there were no articles to be published March 2.
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February 26, 2026
Goldstein Placed Under Home Confinement Until Sentencing
SCOTUSblog founder Thomas Goldstein was placed under home confinement by a Maryland federal judge until his sentencing, but will likely be able to keep his $3 million D.C. home after the jury that convicted him separately found there wasn't a clear nexus between the property and his mortgage fraud conviction.
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February 26, 2026
IRS Broke Law 42K Times By Giving Info To ICE, Judge Says
The federal judge who stopped the Internal Revenue Service from sharing taxpayer addresses with immigration authorities said Thursday that a recent admission by the agency showed that it broke the law more than 42,000 times last summer when it disclosed addresses by relying on a computerized matching system.
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February 26, 2026
Senate Taxwriters Unveil Bipartisan IRS Reform Package
Congress would implement several National Taxpayer Advocate-backed fixes at the Internal Revenue Service, including mandating that the agency digitize more tax returns and other correspondence under legislation released Thursday by the Senate's top Republican and Democrat tax writers.
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February 26, 2026
AICPA Seeks Clarity On Deduction Caps, Childrens' Accounts
The American Institute of Certified Public Accountants pushed the Internal Revenue Service to provide further guidance for newly enacted itemized deduction restrictions along with the new tax-advantaged brokerage accounts for children, known as Trump accounts, in a letter published Thursday.
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February 26, 2026
Penalties Apply In 'Missing Witness' Case, Tax Court Says
The U.S. Tax Court won't reconsider its decision that a couple who had argued they were misled by their accountant are liable for penalties over failing to file and failing to pay estimated tax in a case where they neglected to call the accountant as a witness.
Expert Analysis
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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.
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Trump Tax Law's Most Impactful Corp. And Individual Changes
The One Big Beautiful Bill Act built on and reshaped elements of the Tax Cuts and Jobs Act, including business interest deductions, bonus depreciation and personal income relief, delivering substantial changes to both corporate and individual tax policy, say attorneys at Weil.
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From Clerkship To Law Firm: 5 Transition Tips For Associates
Excerpt from Practical Guidance
Transitioning from a judicial clerkship to an associate position at a law firm may seem daunting, but by using knowledge gained while clerking, being mindful of key differences and taking advantage of professional development opportunities, these attorneys can flourish in private practice, say attorneys at Lowenstein Sandler.
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Trump Tax Law's Most Consequential International Changes
The international tax provisions in the One Big Beautiful Bill Act may result in higher effective tax rates for some multinational corporations, but others, particularly those operating in low-tax jurisdictions, may benefit from alignment with global anti-profit shifting efforts, say attorneys at Weil.
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Associates Can Earn Credibility By Investing In Relationships
As the class of 2025 prepares to join law firms this fall, new associates must adapt to office dynamics and establish credible reputations — which require quiet, consistent relationship-building skills as much as legal acumen, says Kyle Forges at Bast Amron.
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Lessons From 7th Circ.'s Deleted Chat Sanctions Ruling
The Seventh Circuit’s recent decision in Pable v. Chicago Transit Authority, affirming the dismissal of an ex-employee’s retaliation claims, highlights the importance of properly handling the preservation of ephemeral messages and clarifies key sanctions issues, says Philip Favro at Favro Law.