Federal

  • April 13, 2026

    4th Circ. Urged To Back $21M Cut To Conservation Deduction

    The U.S. Tax Court considered a property's potential for mineral mining when it shaved more than $21 million from a North Carolina partnership's tax deduction for donating a conservation easement, the IRS told the Fourth Circuit on Monday, urging it to uphold the reduction.

  • April 13, 2026

    5th Circ. Finds Ban On Home Distilling Unconstitutional

    A federal ban on home distilleries that dates to the early temperance movement violates the U.S. Constitution's limits on congressional taxing power, the Fifth Circuit said in siding with hobbyists, including one who said he wants to experiment with apple-pie vodka recipes in his garage.

  • April 13, 2026

    IRS Updates Corp. Bond Monthly Yield Curve For March

    The IRS updated the corporate bond monthly yield curve used in calculations for defined benefit plans for March on Monday, as well as corresponding segment rates and the interest rate for 30-year U.S. Treasury Department securities.

  • April 13, 2026

    Weil Adds Kirkland, DLA Piper Attys To Private Funds Platform

    Weil Gotshal & Manges LLP announced two additions to its private funds platform on Monday, one from Kirkland & Ellis and the other from DLA Piper.

  • April 13, 2026

    IRS Updates Rates For Foreign Insurance Co. Equations

    The Internal Revenue Service on Monday published updated domestic asset/liability and yields percentages for 2025 that foreign life insurance companies and foreign property and liability insurance companies need to compute their minimum effectively connected net investment income.

  • April 13, 2026

    IRS Cancels Hearing On Tax Preparer ID User Fee

    The IRS has canceled an April 24 hearing on proposed regulations that would lower the application and renewal fee for a tax return preparer identification number to $10 from $11 after receiving no requests to testify, the agency said Monday.

  • April 10, 2026

    Tax Deal Coverage Row Must Precede Tort Claims, Judge Says

    A Georgia federal judge won't allow a conservation easement entity to litigate tort claims against its insurance broker while arbitrating a dispute with its insurer over coverage for an IRS settlement, ruling that those claims could only be sorted out after an initial coverage determination.

  • April 10, 2026

    Social Media Influencer Gets 6 Years For $20M Ponzi Scheme

    A social media finance influencer who pled guilty to wire fraud and abetting a false tax filing tied to a $20 million real estate Ponzi scheme was sentenced Friday to six years in prison by an Ohio federal judge.

  • April 10, 2026

    Federal Tax Policies To Watch This Spring

    As Congress returns to Washington, D.C., after a two-week Easter break, there are several areas where lawmakers might devote their attention, including legislation that would overhaul tax administration and tax proposals that could be included in budget reconciliation.

  • April 10, 2026

    Ohio Couple Dispute Disallowed S Corps.' Basis In Tax Court

    An Ohio couple and their Minnesota corporation are disputing combined tax deficiencies of $3.9 million, most of it related to the Internal Revenue Service's determination that they lacked basis in S corporations, one of them a NASCAR Truck Series racing team.

  • April 10, 2026

    Dems Question Housing Director Over Tax-Exempt Payment

    Two Senate Finance Committee Democrats questioned the Federal Housing and Finance Agency director Friday about a payment by a nonprofit he controlled to another tax-exempt nonprofit organization linked to President Donald Trump that was potentially misrepresented in IRS filings.

  • April 10, 2026

    First Phase Of Tariff Refund System To Launch April 20

    The first phase of an electronic system allowing U.S. importers to claim refunds for tariffs paid under the global regime struck down by the U.S. Supreme Court will launch April 20, U.S. Customs and Border Protection said Friday.

  • April 10, 2026

    IRS Floats Excise Tax Regs On Overseas Money Transfers

    Individuals who send funds to people abroad via a remittance transfer provider using cash, money orders, cashier's checks, traveler's checks and similar financial instruments would trigger a new 1% excise tax on the total amount remitted under proposed regulations the IRS unveiled Friday.

  • April 10, 2026

    IRS Releases List Of Jobs That Can Deduct Tips

    The Internal Revenue Service released the final regulations Friday listing dozens of occupations that qualify for the no-tax-on-tips provision passed last summer, clarifying what counts as a tip and who can take the deduction, from Reiki teachers to app-based delivery drivers.

  • April 10, 2026

    Taxation With Representation: Goodwin, CMS, Wilson Sonsini

    In this week's Taxation With Representation, Gilead Sciences Inc. acquires clinical-stage biotechnology company Tubulis GmbH, private equity firm Court Square Capital Partners closes a multibillion-dollar fund and Neurocrine Biosciences Inc. buys rare-disease drugmaker Soleno Therapeutics Inc.

  • April 10, 2026

    Weekly Internal Revenue Bulletin

    The Internal Revenue Service on Friday published its weekly internal revenue bulletin, which included an update on advance pricing agreements for U.S. multinational corporations completed in 2025.

  • April 09, 2026

    Rivera's Ex-Partner Kept Cut Of $50M Venezuela Contract

    Real estate developer and convicted drug trafficker Hugo Perera told jurors Thursday he regretted "1,000%" getting involved with former U.S. Rep. David Rivera in a $50 million contract with a unit of Venezuela's state-owned oil company but admitted he kept his $5 million cut of the deal.

  • April 09, 2026

    IRS Urged To Clarify Foreign-Owner Rules For Energy Credits

    Public power and nuclear associations, along with battery groups, are among stakeholders urging the Internal Revenue Service to clarify foreign ownership rules that could disqualify projects from certain clean energy tax credits, emphasizing that timely guidance is critical to securing project financing.

  • April 09, 2026

    Gov't Pushes DC Circ. To Unblock IRS-ICE Data Sharing

    The D.C. Circuit should remove a block on the IRS' policy of sharing data with immigration authorities, the government said Thursday, arguing that the groups challenging the policy have failed to show irreparable harm.

  • April 09, 2026

    Judge Tosses Ex-IRS Worker's Suit Alleging Political Firing

    A Virginia federal judge tossed a lawsuit by a former Internal Revenue Service employee who claimed she and others were fired in President Donald Trump's sweep of the agency as part of an effort to thwart audits of high-profile entities.

  • April 09, 2026

    Trade Court Shifts Tariff Refund Proceedings To New Suit

    The underlying U.S. Court of International Trade suit serving as the core of the government's development of a refund system for the now-invalidated International Emergency Economic Powers Act tariffs has changed after the original case was dismissed.

  • April 09, 2026

    IRS Urges Toss Of Revamped Stock Plan Rule Dispute

    A Wisconsin federal court should toss a company's remounted suit claiming the Internal Revenue Service secretly passed a rule targeting its stock ownership plan, the government argued, saying the company still has not presented any evidence that the rule exists.

  • April 08, 2026

    Tax Court Limits Varian's Deemed Dividends Deduction

    A deduction that California-based Varian Medical Systems was allowed for deemed dividends must be reduced by the amount of its corresponding foreign tax credit, the U.S. Tax Court held Wednesday.

  • April 08, 2026

    Tax Preparer Gets 12 Years In Largest-Ever COVID Tax Fraud

    A New Jersey tax preparer was sentenced Wednesday to 12 years in prison and ordered to pay $55 million in restitution to the Internal Revenue Service after a jury convicted him of tax fraud in what authorities said was the nation's largest tax fraud case involving COVID-19 pandemic relief money.

  • April 08, 2026

    IRS Settles FOIA Suit With Sanctioned Ex-Broker

    The federal government has settled a suit seeking the IRS' records of its investigation into an ex-broker sanctioned by the Financial Industry Regulatory Authority for hiding $1.7 million in tax liens, according to documents filed in North Carolina federal court Wednesday.

Expert Analysis

  • What To Expect As Trump's 401(k) Order Materializes

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    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.

  • Demystifying The Civil Procedure Rules Amendment Process

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    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.

  • 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.

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