Federal
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July 23, 2025
US Says It's Immune In Booz Allen Worker Tax Info Leak Suit
A proposed class action seeking to hold the federal government and its contractor Booz Allen Hamilton responsible for a leak of thousands of wealthy people's tax returns, including President Donald Trump's, cannot move forward against the U.S., the government argued Wednesday, saying it's immune from the suit.
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July 23, 2025
Rising Star: Freshfields' Joe Soltis
Joe Soltis of Freshfields LLP has advised companies on several multibillion-dollar transactions, including Cencora's $4.6 billion acquisition of Retina Consultants of America, earning him a spot among the tax law practitioners under age 40 honored by Law360 as Rising Stars.
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July 23, 2025
Katten Welcomes Ex-Gibson Dunn Tax Pro In New York
Katten Muchin Rosenman LLP announced on Tuesday that it has added a former Gibson Dunn & Crutcher LLP of counsel to its transactional tax planning practice, noting her extensive experience in the finance space.
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July 23, 2025
IRS Cuts May Hamper State Tax Enforcement, Officials Warn
Heads of state tax agencies warned Wednesday that recent cuts in IRS staffing may cause gaps in state-level tax enforcement, as agencies rely on information from the federal government to bolster auditing efforts.
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July 23, 2025
GOP Reps. Probe Tax-Exempt Organ Recovery Orgs
Two House Ways and Means Committee Republicans demanded Wednesday that three tax-exempt organ procurement organizations provide the committee with financial records, flight logs, Medicare reimbursements and other documents following allegations of potential Medicare reimbursement fraud.
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July 23, 2025
Feds Launch Forfeiture Suit For $7M In Fraud-Linked Crypto
The acting U.S. attorney for the Western District of Washington said she is pushing for the forfeiture of about $7 million in cryptocurrency assets seized as part of an investigation into an oil and gas investment fraud scheme.
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July 23, 2025
Gunster Adds Ex-Aballi Milne Wealth Attorney In Miami
Florida business law firm Gunster added a new of counsel as well as three associates to bolster its capabilities in tax, private wealth and immigration law in South Florida.
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July 23, 2025
Tax Co. Owner Gets 42 Months For $3.6M COVID Loan Scheme
The owner of a Chicago tax preparation company was sentenced to more than three years in prison for making fraudulent applications for pandemic-era relief loans and ordered to pay $3.6 million in restitution to lenders who made unwarranted payouts, the U.S. Department of Justice said.
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July 23, 2025
Why Private REITs Are Having A Moment
Investments in private real estate investment trusts are surging, and that trend may strengthen as state regulators mull limiting investments in other, quasi-public REITs, while securities regulators have recently eased accreditation requirements for investors raising private capital.
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July 22, 2025
Trump Says US Has Reached 'Exciting' Trade Deal With Japan
President Donald Trump on Tuesday said the United States has entered into a "massive" trade deal with Japan under which Japan will "open their country to trade, including cars and trucks, rice and certain other agricultural products" and pay a 15% tariff.
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July 22, 2025
Civil Rights Org. Backs 2nd Suit Over Tariffs, In Texas
The New Civil Liberties Alliance is representing two businesses and a trade association in Texas federal court in a suit filed on Monday against the federal government — the second suit the alliance has taken on to fight President Donald Trump's emergency tariffs.
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July 22, 2025
FTA Communicating With IRS On New Federal Tax Changes
The Federation of Tax Administrators has talked with the Internal Revenue Service about how the recent federal tax changes will be carried out, and it plans to communicate with state representatives to help them with the new law, the FTA's top official said Tuesday.
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July 22, 2025
Tax Court Clears IRS Supervisor In La. Easement Penalty Row
An IRS supervisor timely reviewed and approved civil penalties assessed against a real estate partnership that the agency determined to have inappropriately reported a $60 million charitable tax deduction on a land easement donated to a Louisiana conservation organization, the U.S. Tax Court ruled Tuesday.
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July 22, 2025
Senate Panel Approves Sidley Partner To Be Top Treasury Atty
The Senate Finance Committee approved President Donald Trump's nomination of a Sidley Austin LLP partner to be general counsel of the U.S. Department of the Treasury, sending his nomination to the full Senate for consideration.
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July 22, 2025
Archer & Greiner Lands Cullen And Dykman Tax Leader In NJ
Archer & Greiner PC has added the former leader of Cullen and Dykman LLP's tax department as a partner, who brings her expertise in mergers and acquisitions and other transactions to the firm.
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July 22, 2025
IRS Issues Employer Payment Index For Coverage Penalties
The Internal Revenue Service provided indexing adjustments Tuesday for calculating penalties against large employers that don't offer health insurance to their full-time workers or whose full-time workers opt to enroll in government-subsidized health coverage using premium tax credits.
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July 22, 2025
Rising Star: Kirkland's Devin Heckman
Devin Heckman of Kirkland & Ellis LLP has advised clients on the tax aspects of several multibillion-dollar acquisitions involving technology and healthcare companies, forging ongoing relationships and earning him a spot among the tax attorneys under age 40 honored by Law360 as Rising Stars.
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July 22, 2025
Tax Software Co. Avalara, Universal Music Submit IPO Plans
Avalara Inc. and music giant Universal Music Group NV have confidentially filed plans for initial public offerings with the U.S. Securities and Exchange Commission, marking the latest two companies to join the private-to-public pipeline.
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July 22, 2025
3 Takeaways From Budget Law's Opportunity Zone Revamp
The federal opportunity zone program was significantly revamped under the sweeping tax and spending legislation that President Donald Trump signed this month, and tax professionals say there are three key changes, including one aimed at boosting investment in rural areas.
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July 22, 2025
IRS Workforce Has Nosedived 25% Since February
More than 25,000 Internal Revenue Service employees have left since February, a 25% overall reduction in staff driven mostly by workers who took a downsizing deal allowing them to resign while still being paid, the Treasury Inspector General for Tax Administration said Tuesday.
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July 22, 2025
US Expatriations Over 1,000 Again In 2nd Quarter
While about 200 fewer people expatriated from the U.S. in the second quarter of 2025 compared with the first quarter, the number still totaled above 1,000, the Internal Revenue Service said Tuesday.
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July 21, 2025
Tax-Lien Biz Atty Tells Jury He Didn't Seek To Dupe Lender
Counsel for a former compliance lawyer accused of pilfering from a $20 million line of credit extended to his tax-lien investment firm told a Manhattan federal jury Monday that the defendant was "sloppy," but never intended fraud.
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July 21, 2025
9th Circ. Urged To Rethink Denial Of Bad Debt Deduction
A business owner asked the Ninth Circuit to rethink its denial of his $86 million bad debt deduction, saying the court dismissed thousands of pages of exhibits in concluding that his debt arose from loans between his companies and was not actually worthless.
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July 21, 2025
Captive's Premium Payments Are Income, Tax Court Says
A captive insurance company must recognize $782,000 it received in premium payments as income, the U.S. Tax Court said Monday in clarifying that shareholders in a California company cannot deduct their premium payments to the insurer because the arrangement was not really for insurance.
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July 21, 2025
Wis. Homeowners Lack Basis For Tax Burden Suit, Court Told
A Wisconsin county, town and tribal school district pushed a federal court to throw out a suit by homeowners who claim the government entities have conspired to expand the Menominee Indian Tribe's holdings of tax-exempt land and increase taxpayers' burden, saying the homeowners lacked standing.
Expert Analysis
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How AI May Reshape The Future Of Adjudication
As discussed at a recent panel at Texas A&M, artificial intelligence will not erase the human element of adjudication in the next 10 to 20 years, but it will drive efficiencies that spur private arbiters to experiment, lead public courts to evolve and force attorneys to adapt, says Christopher Seck at Squire Patton.
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When Legal Advocacy Crosses The Line Into Incivility
As judges issue sanctions for courtroom incivility, and state bars advance formal discipline rules, trial lawyers must understand that the difference between zealous advocacy and unprofessionalism is not just a matter of tone; it's a marker of skill, credibility and potentially disciplinary exposure, says Nate Sabri at Perkins Coie.
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Attacks On Judicial Independence Tend To Manifest In 3 Ways
Attacks on judicial independence now run the gamut from gross (bald-faced interference) to systemic (structural changes) to insidious (efforts to undermine public trust), so lawyers, judges and the public must recognize the fateful moment in which we live and defend the rule of law every day, says Jim Moliterno at Washington and Lee University.
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Increased Tariffs Create Opportunity To Protect IP Rights
Heightened tariffs on certain foreign imports have created operational and fiscal challenges for companies, but the corresponding increase in customs inspections could offer a silver lining of more consistent enforcement against counterfeit and infringing goods, says Andraya Pulaski Brunau at Day Pitney.
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Dissecting House And Senate's Differing No-Tax-On-Tips Bills
Employers should understand how the House and Senate versions of no-tax-on-tips bills differ — including in the scope of related deductions and reporting requirements — to meet any new compliance obligations and communicate with their employees, say attorneys at Greenberg Traurig.
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Section 899 Could Be A Costly Tax Shift For US Borrowers
Intended to deter foreign governments from applying unfair taxes to U.S. companies, the proposal adding new Section 899 to the Internal Revenue Code would more likely increase tax burdens on U.S. borrowers than non-U.S. lenders unless Congress limits its scope, says Michael Bolotin at Debevoise.
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Calif. Bar Exam Fiasco Shows Why Attys Must Disclose AI Use
The recent revelation that a handful of questions from the controversial California bar exam administered in February were drafted using generative artificial intelligence demonstrates the continued importance of disclosure for attorneys who use AI tools, say attorneys at Troutman.
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In 2nd Place, Va. 'Rocket Docket' Remains Old Reliable
The U.S. District Court for the Eastern District of Virginia was again one of the fastest civil trial courts in the nation last year, and an interview with the court’s newest judge provides insights into why it continues to soar, says Robert Tata at Hunton.
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How Attorneys Can Become Change Agents For Racial Equity
As the administration targets diversity, equity and inclusion efforts and law firms consider pulling back from their programs, lawyers who care about racial equity and justice can employ four strategies to create microspaces of justice, which can then be parlayed into drivers of transformational change, says Susan Sturm at Columbia Law School.
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Adapting To Private Practice: From US Attorney To BigLaw
When I transitioned to private practice after government service — most recently as the U.S. attorney for the Eastern District of Virginia — I learned there are more similarities between the two jobs than many realize, with both disciplines requiring resourcefulness, zealous advocacy and foresight, says Zach Terwilliger at V&E.
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Opportunity Zone Revamp Could Improve The Program
If adopted, the budget bill's new iteration of the opportunity zone program could renew, refine and enhance the effectiveness and accountability of the original program by including structural reforms, expanded eligibility rules and incentives for rural investment, say attorneys at Pillsbury.
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The Ins And Outs Of Consensual Judicial References
As parties consider the possibility of judicial reference to resolve complex disputes, it is critical to understand how the process works, why it's gaining traction, and why carefully crafted agreements make all the difference, say attorneys at Pillsbury.
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The BigLaw Settlements Are About Risk, Not Profit
The nine Am Law 100 firms that settled with the Trump administration likely did so because of the personal risk faced by equity partners in today's billion‑dollar national practices, enabled by an ethics rule primed for modernization, says Adam Forest at Scale.