Federal

  • January 23, 2026

    Suit Accusing FTM Wealth Of Tax Scam Faces Jurisdiction Test

    A precious metals partnership notified a Colorado federal judge of plans to move its lawsuit against FTM Wealth to state court after learning from FTM member Nathaniel Ott's lawyer that he is a Colorado citizen in a case over an alleged tax scam that the plaintiffs say cost them $12 million.

  • January 23, 2026

    Weekly Internal Revenue Bulletin

    The Internal Revenue Service's weekly bulletin, released Friday, included a pair of tribal regulations governing a taxable income exclusion for welfare benefits and classifying certain tribe-owned entities as tax-exempt to allow them to directly monetize tax credits for clean energy projects.

  • January 23, 2026

    Ex-Mass. Pol's Sister Cops To Obstructing Benefit Fraud Case

    The sister of a former Massachusetts state senator pled guilty to attempting to interfere in a grand jury investigation into the politician's allegedly fraudulent collection of unemployment benefits, federal prosecutors announced Friday.

  • January 23, 2026

    Taxation With Representation: Vinge, A&O Shearman, Cassels

    In this week's Taxation With Representation, Swedish private equity company EQT buys U.K. secondaries firm Coller Capital, biopharmaceutical giant GSK PLC acquires Rapt Therapeutics Inc., and fusion energy company General Fusion announces plans to go public by merging with special purpose acquisition company Spring Valley Acquisition Corp. III.

  • January 23, 2026

    Senate To Take Up Spending Bills With $11.2B IRS Funding

    The U.S. Senate is poised to take up bills next week that would provide the IRS with an $11.2 billion budget — a 9% annual cut — and cut $11.7 billion from the IRS spending boost included in the Inflation Reduction Act.

  • January 23, 2026

    IRS Says Overtime Tax Break Is Pegged To FLSA

    Eligibility for a new tax deduction for overtime compensation is based on definitions provided in the Fair Labor Standards Act, the IRS said Friday, spelling out who can claim the tax break and what pay qualifies.

  • January 23, 2026

    Tax Pros Warn Of Turbulent 2026 Filing Season Ahead

    The 2026 tax filing season likely will be characterized by filing delays, processing backlogs and widespread confusion, tax experts and former IRS commissioners warn, despite promises from federal officials to smoothly deliver billions in new tax benefits with better service, updated forms and modernized systems.

  • January 23, 2026

    Japan Adopts Global Min. Tax Tweak Exempting US Cos.

    Japan approved changes to its minimum corporate tax regime to exempt U.S. companies from key aspects of the international rules following the renegotiation of Pillar Two, the Japanese government said Friday.

  • January 22, 2026

    Goldstein Prosecutors Unveil Conflicting Cash Source Claims

    A former lawyer at SCOTUSblog founder Thomas Goldstein's firm said Thursday that Goldstein told coworkers that the more than $960,000 in cash he brought off a flight from Hong Kong — the source of which is integral to the government's case — had come from a client.

  • January 22, 2026

    Facts of IRS, Couple's Agreement Differ, Tax Court Says

    A dispute over the details of an agreement between the Internal Revenue Service and a couple in a collection due process case bar the U.S. Tax Court from granting summary judgment to either party, the Tax Court said Thursday.

  • January 22, 2026

    Man Can't Blame Tax Preparer For Failure To File, IRS Says

    A man found to have received income by using his company's cash as his own can't escape penalties by blaming his tax preparer for his failure to file, the government told the U.S. Tax Court.

  • January 22, 2026

    Judge Severs Tax Charges From Ex-Rep's Foreign Agent Case

    A former Florida congressman will get to contest tax charges against him separately from a criminal indictment alleging he and a political consultant failed to register as foreign agents while lobbying on behalf of Venezuela's state oil company, a federal judge ruled.

  • January 22, 2026

    Digital Services Taxes May Give Leverage In US Trade Deals

    As President Donald Trump and his administration continue to negotiate with trading partners seeking to lower tariff rates, countries with digital services taxes could find those measures build some leverage with U.S. negotiators aiming to eliminate them. 

  • January 22, 2026

    Tax Court Grants Spousal Relief To Doc In Abuse-Tainted Case

    The U.S. Tax Court granted full innocent spouse relief to a Massachusetts physician facing a six-figure tax bill after her husband made withdrawals from her retirement account, saying Thursday it would be inequitable for her to be liable after suffering years of abuse.

  • January 21, 2026

    Hospital Ineligible For $11.5M COVID Tax Credit, Gov't Says

    A hospital forced to suspend its normal business as it responded to the COVID-19 pandemic isn't entitled to an $11.5 million tax refund for employee retention credits and its lawsuit should be thrown out, the U.S. government told a Washington federal court.

  • January 21, 2026

    3rd Circ. Questions Mushroom Farmer's Tax Bill Accounting

    A Third Circuit panel appeared skeptical Wednesday of a woman's bid to reduce her prison term for tax violations connected to her family's mushroom farm, with judges suggesting that different swaths of taxes she failed to pay the government could be grouped together as "relevant conduct" under federal sentencing guidelines.

  • January 21, 2026

    $30M In Tax Fraud Penalties Required Juries, High Court Told

    A think tank and a legal center threw their support Wednesday behind a group of taxpayers asking the U.S. Supreme Court to find that the IRS violated their rights to a jury trial when it slapped them with more than $30 million in penalties for tax fraud.

  • January 21, 2026

    Trump Backs Off Tariffs Over Greenland With Deal In Works

    President Donald Trump announced Wednesday he will back down from tariff threats on European countries in an effort to acquire Greenland after reaching an agreement on a framework for a deal involving U.S. security interests in the Arctic region.

  • January 21, 2026

    IRS Urged To Give IP Relief For Energy Manufacturing Credit

    Intellectual property licensing deals shouldn't trigger foreign-entity restrictions barring access to the advanced manufacturing tax credit for clean-energy parts when the components at issue are merely byproducts of the licensed production process, Miller & Chevalier attorneys told the U.S. Treasury Department and the IRS.

  • January 21, 2026

    Energy Co. Wants Tariffs Excluded From Tax Credit

    A Wisconsin energy company asked the U.S. Treasury Department to exclude tariffs from a new calculation of eligibility for clean energy tax credits, saying shifting federal policy on the levies could threaten the incentive to make major investments domestically.

  • January 20, 2026

    Goldstein Poker Pals Got Money From Firm, Witness Says

    A former office manager at Thomas Goldstein's law firm Tuesday told the jury in his tax fraud trial in Maryland federal court that hundreds of thousands of dollars in wire transfers sent to the U.S. Supreme Court lawyer's poker counterparts were classified as business transactions in documents used by the firm's tax accountants.

  • January 20, 2026

    Law360 Names Firms Of The Year

    Eight law firms have earned spots as Law360's Firms of the Year, with 48 Practice Group of the Year awards among them, achieving milestones such as high-profile litigation wins at the U.S. Supreme Court and 11-figure merger deals.

  • January 20, 2026

    Treasury Officials Warn Of Hurdles In 'Trump Account' Rollout

    The U.S. Department of the Treasury is racing to open a new retirement savings program for children known as Trump Accounts by early July, and officials are warning that the effort will require a massive undertaking to deliver seed payments and build nationwide systems to track eligibility and contributions.

  • January 20, 2026

    IRS Can't Probe Partner-Tier Employment Taxes, 1st Circ. Told

    The IRS is not authorized to scrutinize a partner's taxable net earnings at the business-entity level under a 1982 law governing partnership audits, an energy investment firm told the First Circuit, challenging the agency's bid to subject limited partners to the self-employment tax.

  • January 20, 2026

    IRS Funding Boost Faces $11.7B Cut In Bipartisan Package

    Congress would cut $11.7 billion from the IRS spending boost included in the Inflation Reduction Act under a bipartisan, bicameral spending package released Tuesday by the House and Senate Appropriations committees.

Expert Analysis

  • Parenting Skills That Can Help Lawyers Thrive Professionally

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    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.

  • Unpacking The New Opportunity Zone Tax Incentive Program

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    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.

  • Trump Tax Law's Most Impactful Energy Changes

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    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.

  • Adapting To Private Practice: From Texas AUSA To BigLaw

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    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.

  • Advice For 1st-Gen Lawyers Entering The Legal Profession

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    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.

  • UK's 1st ICSID Claim Shows Bilateral Investment Treaty Reach

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    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.

  • Trump Tax Law's Most Impactful Corp. And Individual Changes

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    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.

  • From Clerkship To Law Firm: 5 Transition Tips For Associates

    Excerpt from Practical Guidance
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    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.

  • Trump Tax Law's Most Consequential International Changes

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    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.

  • Associates Can Earn Credibility By Investing In Relationships

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    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.

  • Lessons From 7th Circ.'s Deleted Chat Sanctions Ruling

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    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.

  • What 2 Profs Noticed As Transactional Law Students Used AI

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    After a semester using generative artificial intelligence tools with students in an entrepreneurship law clinic, we came away with numerous observations about the opportunities and challenges such tools present to new transactional lawyers, say professors at Cornell Law School.

  • BigLaw Settlements Should Not Spur Ethics Deregulation

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    A recent Law360 op-ed argued that loosening law firm funding restrictions would make BigLaw firms less inclined to settle with the Trump administration, but deregulating legal financing ethics may well prove to be not merely ineffective, but counterproductive, says Laurel Kilgour at the American Economic Liberties Project.

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