Federal

  • August 19, 2025

    Medtronic Sees Tariffs Adding $185M To Costs This Year

    Medtronic expects tariffs to add $185 million to its costs over the course of its current fiscal year, an amount lower than a previous estimate due to the company's efforts to lessen tariffs' impact, an executive said Tuesday in an earnings call.

  • August 19, 2025

    NJ Man Gets 30 Months For Russian Arms Dealing Scheme

    A dual U.S.-Russian national was sentenced in a New York federal court to 30 months in prison after pleading guilty to his role in a scheme to smuggle sensitive, U.S.-made technology to further Russia's weapons development, prosecutors announced.

  • August 19, 2025

    Trump Tariff Suit Belongs In Trade Court, Gov't Tells DC Circ.

    Suits challenging President Donald Trump's imposition of emergency tariffs belong in the U.S. Court of International Trade and a D.C. federal judge improperly considered a case lodged by Illinois-based toy makers in his court, the government told the D.C. Circuit.

  • August 19, 2025

    Home Depot To Raise Some Prices Due To Tariffs

    Home Depot expects to raise prices for some of its products as tariffs weigh its costs, while Congress' latest tax package will boost its cash flow, executives said Tuesday.

  • August 18, 2025

    Alaskan Woman Unreported Stock Income, Tax Court Says

    An Alaska woman underreported her taxable income by failing to include stock transferred from her former employer, the U.S. Tax Court held Monday, rejecting her contention that she lacked control over the shares.

  • August 18, 2025

    Court Urged To Reject IRS Deal On Church Endorsements

    A Texas federal court should block a deal the IRS made with religious groups that would allow churches to engage in political speech without losing their tax-exempt status, a nonprofit focused on the separation of church and state said, asking to intervene in the matter.

  • August 18, 2025

    IRS Updates Corp. Bond Monthly Yield Curve For August

    The Internal Revenue Service on Monday updated the corporate bond monthly yield curve used in calculations for defined benefit plans for August, as well as corresponding segment rates and other related provisions.

  • August 18, 2025

    Tax Court Rejects Deduction For Donations To Family Charity

    The U.S. Tax Court denied a Baltimore man tax deductions for business expenses and charitable contributions to a foundation created to find his nephew's killer, saying Monday that he failed to properly substantiate those claims on his 2018 return.

  • August 18, 2025

    IRS Sharing Tax Info With ICE Amid Legal Challenge

    The Internal Revenue Service has begun sharing taxpayer return information with U.S. Immigration and Customs Enforcement, the government told a D.C. federal court, revising the tax agency's previous stance that it had not received or responded to any such requests.

  • August 18, 2025

    Tax Court Finds Bankrupt Couple Owes Back Taxes

    An Internal Revenue Service settlement officer didn't abuse her discretion by sustaining a tax levy against a Texas couple's abandoned assets, because the couple failed to file the correct paperwork, the U.S. Tax Court ruled Monday. 

  • August 18, 2025

    Most Applicable Federal Rates To Continue Slide In Sept.

    Most applicable federal rates for income tax purposes are set to decline in September, falling for a second month after a rebound in July, the Internal Revenue Service said Monday.

  • August 18, 2025

    3rd Circ. Says IRS Can Pursue Taxes In Decades-Old Fraud

    The IRS can go after a woman's unpaid taxes more than 20 years later because her return preparer committed fraud on her filings, even though the woman did not mean to evade taxes, the Third Circuit ruled Monday.

  • August 18, 2025

    IRS Accepting Applications To 2026 Real-Time Audit Program

    The Internal Revenue Service soon will begin accepting applications for its compliance assurance process real-time audit program for 2026, the agency announced Monday.

  • August 18, 2025

    IRS Floats Changes To Reporting Sale Of Partnership Interest

    Partnerships no longer would need to include information in a tax form that would help partners who sold their share of the business with noncapital assets determine the gain or loss from the transaction, the Internal Revenue Service said Monday.

  • August 18, 2025

    Founder Of 'Modest Needs' Charity Admits Stealing Millions

    A New York City man who operated a crowdsourcing charity for the poor copped to fraud and tax evasion charges Monday, telling a Manhattan federal judge that he stole millions and spent the money on a lavish lifestyle.

  • August 18, 2025

    Siblings Say They Can't Pay $3.4M In Taxes On Dad's Estate

    Siblings being sued for $3.4 million in unpaid taxes on their father's estate asked a Texas federal court to deny the U.S. a judgment for the money, saying they can't pay because the estate consists mostly of illiquid interests in partnerships and real estate.

  • August 15, 2025

    IRS Strips 5% Safe Harbor In Solar, Wind Tax Credit Guidance

    Large-scale clean energy projects seeking to claim solar and wind tax credits before they expire under a new accelerated sunset schedule can no longer rely on a safe harbor to incur 5% of the building costs to establish eligible construction start dates under Internal Revenue Service guidance released Friday.

  • August 15, 2025

    IRS Needs To Improve ID Verification On Telephone Calls

    The Internal Revenue Service has failed to properly authenticate callers' identities on its business and practitioner telephone lines, the Treasury Inspector General for Tax Administration said Friday, recommending that the agency strengthen its authentication procedures to combat fraud.

  • August 15, 2025

    US Eyeing Tariffs, Port Levies Over Shipping Emissions Plan

    The U.S. government is considering tariffs, visa restrictions or port levies — and potentially a combination of those measures — in response to an intergovernmental plan to push the global shipping industry toward achieving net-zero greenhouse gas emissions, a U.S. Department of State spokesperson told Law360.

  • August 15, 2025

    Retired EY Tax Ace Joins Atlanta Boutique

    Atlanta-based law boutique Wiggam Law LLC has brought on a retired senior counsel at tax law boutique Asbury Law Firm, adding an attorney who previously led Ernst & Young's tax controversy practice for the central and southeastern U.S. and served as a trial attorney for the IRS, the boutique announced Friday.

  • August 15, 2025

    Truck Co. Asks Justices To Review Denial Of $268M Tax Break

    A Tennessee truck company seeking $268 million in excise tax exemptions for its refurbished tractors has asked the U.S. Supreme Court to review a Sixth Circuit decision finding the company's tractors might not qualify because they may have previously been sold to tax-exempt buyers.

  • August 15, 2025

    Taxation With Representation: Wachtell, Cooley, Sullivan

    In this week's Taxation With Representation, the NBA signs off on the sale of the Boston Celtics, Gildan Activewear acquires HanesBrands, private equity shop Advent International buys insurance software firm Sapiens, and financial software provider MeridianLink goes private via its acquisition by Centerbridge Partners.

  • August 15, 2025

    Weekly Internal Revenue Bulletin

    The Internal Revenue Service's weekly bulletin, issued Friday, included revised proposed rules for the corporate alternative minimum tax that will accommodate different approaches to calculating a partnership's investment income.

  • August 14, 2025

    Trump's Brazil Tariffs Raise Questions About Legal Limits

    Higher tariffs imposed last week on Brazilian imports may prove especially vulnerable to legal challenges, but stakeholders expect the U.S.-Brazil trading relationship to nevertheless remain in limbo for the immediate future.

  • August 14, 2025

    2nd Circ. Revives Couple's Late Tax Court Petition

    The U.S. Tax Court may review a couple's tax deficiency case that was filed past deadline, based on recent U.S. Supreme Court decisions that allow extending the statute of limitations for laws that do not address judicial authority, the Second Circuit ruled Thursday.

Expert Analysis

  • Power To The Paralegals: The Value Of Unified State Licensing

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    Texas' proposal to become the latest state to license paraprofessional providers of limited legal services could help firms expand their reach and improve access to justice, but consumers, attorneys and allied legal professionals would benefit even more if similar programs across the country become more uniform, says Michael Houlberg at the University of Denver.

  • 10 Soft Skills Every GC Should Master

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    As businesses face shifting regulatory and technological uncertainty, general counsel will need to strengthen certain soft skills to succeed, from admitting when they make a mistake to maintaining a healthy dose of dispassion, says Douglas Brown at Manatt.

  • An Unrestrained, Bright-Eyed View Of Legal AI's Future

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    Todd Itami at Covington offers a bright-eyed, laughing-all-the-way, skydive look at what the legal industry could look like after an artificial intelligence revolution, which he believes may happen much sooner and more dramatically than we expect.

  • Tracking The Evolution In Litigation Finance

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    Despite continued innovation, litigation finance remains an immature market with borrowers recieving significantly different terms as lenders learn to value cases, which firms need a strong handle on to ensure lending terms do not overwhelm collateral value, says Robert Wilkins at Lightfoot Franklin.

  • E-Discovery Quarterly: The Perils Of Digital Data Protocols

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    Though stipulated protocols governing the treatment of electronically stored information in litigation are meant to streamline discovery, recent disputes demonstrate that certain missteps in the process can lead to significant inefficiencies, say attorneys at Sidley.

  • Maximizing Exemptions Before TCJA Rides Into The Sunset

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    Individuals with taxable estates can optimize the benefits of estate planning strategies like spousal lifetime access trusts by setting them up before increases in estate and gift tax exemptions under the 2017 Tax Cuts and Jobs Act sunset in January, say attorneys at Katten.

  • A Cold War-Era History Lesson On Due Process

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    The landmark Harry Bridges case from the mid-20th century Red Scare offers important insights on why lawyers must be free of government reprisal, no matter who their client is, says Peter Afrasiabi at One LLP.

  • How BigLaw Executive Orders May Affect Smaller Firms

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    Because of the types of cases they take on, solo practitioners, small law firms and public interest attorneys may find themselves more dramatically affected by the collective impact of recent government action involving the legal industry than even the BigLaw firms named in the executive orders, says Reuben Guttman at Guttman Buschner.

  • Lawsuits Shouldn't Be Shadow Assets For Foreign Capital

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    Third-party litigation financing amplifies inefficiencies from litigation and facilitates national exposure to foreign influence in the U.S. justice system, so full disclosure of financing arrangements should be required as a matter of institutional integrity, says Roland Eisenhuth at the American Property Casualty Insurance Association.

  • How To Accelerate Your Post-Attorney Career Transition

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    Professionals seeking to transition to nonattorney careers may encounter skepticism as nontraditional candidates, but there are opportunities for thought leadership and to leverage speaking and writing to accelerate a post-attorney career transition, say Janet Falk at Falk Communications and Evgeny Efremkin at Toronto Metropolitan University.

  • Tariffs And FCA Create Perfect Storm For Importers

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    The Trump administration's aggressive tariff policies pose a high risk to certain importation practices that are particularly likely to trigger False Claims Act enforcement, say attorneys at Jeffer Mangels.

  • US Reassessment Of OECD Tax Deal Is Right Move

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    The wholesale U.S. reevaluation of the Organization for Economic Cooperation and Development's global tax deal ordered by President Donald Trump is a positive step that could ultimately create a more durable international tax system, says Anne Gordon at the National Foreign Trade Council.

  • Measuring And Mitigating Harm From Discriminatory Taxes

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    In response to new tariffs and other recent "America First Trade Policy" pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at Charles River Associates.

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