Federal
-
February 19, 2026
IRS Updates Corp. Bond Monthly Yield Curve For February
The IRS on Thursday updated the corporate bond monthly yield curve used in calculations for defined benefit plans for February, in addition to corresponding segment rates and the interest rate for 30-year U.S. Treasury Department securities.
-
February 19, 2026
Arizona Partnership Adds To Disputes Over Solar Credit
An Arizona partnership is challenging the Internal Revenue Service's determination that it underpaid its 2020 tax by $32.6 million and owes more than $7 million in penalties for that year, in the latest of several related cases involving disputed tax credits for mobile solar generators.
-
February 19, 2026
Woman Asks Justices For Relief From Tax Preparer's Fraud
A woman facing more than $300,000 in tax bills because her return preparer committed fraud on her filings decades ago asked the U.S. Supreme Court to overturn the Third Circuit's finding that she is responsible, saying it unfairly allows the IRS to bypass the statute of limitations.
-
February 18, 2026
Jury To Get Goldstein Case After Clashing Closing Statements
The jury in SCOTUSblog founder Thomas Goldstein's tax evasion trial will finally begin to deliberate on a 16-count verdict form, after federal prosecutors on Wednesday recounted lies they said he admitted to, and the defense slammed what it described as a shoddy investigation into the charges.
-
February 18, 2026
Corp. AMT Rules Will Likely Clarify R&D Break Interaction
Forthcoming corporate alternative minimum tax interim regulations will likely allow a modification to adjusted financial statement income, or AFSI, to account for research and development costs, according to guidance released by the U.S. Department of the Treasury on Wednesday.
-
February 18, 2026
Varian Contests $1.5B IRS Bill In Tax Court
Varian Medical Systems does not owe $1.24 billion in additional taxes or $248 million in penalties the IRS assessed after the agency recharacterized the company's sales of subsidiaries in the Netherlands and Switzerland, the company told the U.S. Tax Court.
-
February 18, 2026
Ga. Partnership Defends $78M Deduction For Land Donation
A Georgia limited liability company is challenging the denial of a charitable deduction for donated land it said was correctly valued at $77.9 million based on its potential use as a granite mine.
-
February 18, 2026
IRS Asks Court To Deny Probe Of Improper ICE Data-Sharing
A coalition suing the IRS over its data-sharing deal with immigration enforcement authorities should not be allowed to investigate the agency's revelation that it shared some data improperly, the IRS told a D.C. federal court, saying it made the admission "in good faith."
-
February 18, 2026
Tax Group Of The Year: Eversheds Sutherland
Eversheds Sutherland's tax practice advised on key deals in 2025, guiding Duke Energy in securing $20 million in investment credits and aiding Verizon in avoiding $12 million in corporate franchise taxes, earning it a spot among the 2025 Law360 Tax Groups of the Year.
-
February 18, 2026
8th Circ. Misread Law In 3M's $24M Case, Tax Prof Says
The Eighth Circuit misconstrued the statute underpinning transfer pricing regulations when it blocked the IRS from allocating nearly $24 million of 3M Co.'s Brazilian income, a tax professor said in backing the agency's bid for a rehearing by the full court.
-
February 18, 2026
Retirees' Attys Get $99M Cut Of Colgate-Palmolive ERISA Deal
A New York federal judge has signed off on a $99 million request from attorneys representing Colgate-Palmolive retirees who sought fees, expenses and other costs from an overall $332 million megadeal, ending claims the company skimped on pensioners' lump-sum retirement payouts.
-
February 17, 2026
Goldstein Tax Trial Heads To Closing Args As Defense Rests
Jurors in SCOTUSblog founder Thomas Goldstein's tax fraud trial will hear closing arguments Wednesday, after the final two witnesses in the monthlong proceeding took the stand, and new emails regarding Goldstein's efforts to conceal poker debts came to light Tuesday.
-
February 17, 2026
Educator Unions Call For SEC Probe Of Apollo's Epstein Ties
The American Federation of Teachers and American Association of University Professors on Tuesday urged the U.S. Securities and Exchange Commission to investigate statements made by Apollo Global Management concerning the private equity firm's alleged ties to convicted sex offender Jeffrey Epstein.
-
February 17, 2026
Express Scripts Urges Trial In 8th Circ. Tax Row Over Services
Healthcare plan sponsors directly use Express Scripts' in-house software to review prescription drug claims, the company told the Eighth Circuit on Tuesday, arguing that it is well positioned to prove during trial that its online software access counts as services eligible for a production tax deduction.
-
February 17, 2026
No Fraud By IRS In FOIA Over $18M Tax Case, DC Circ. Says
The Internal Revenue Service did not commit fraud when it said records were missing amid Freedom of Information Act litigation related to an $18 million tax case, the D.C. Circuit said Tuesday, denying claims made by the estate of a man whose offshore businesses were raided.
-
February 17, 2026
Ex-IRS Official Drops Suit Over Private Info Leak
The former commissioner of the IRS' Large Business and International Division asked a D.C. federal court to drop her suit accusing the agency of unlawfully leaking information on her employment status to the media, according to a filing.
-
February 17, 2026
Tipster Info Not Valuable In $31M Tax Case, DC Circ. Told
A woman who accused a corporation and its majority shareholder of tax violations is not entitled to a whistleblower award, the U.S. government told the D.C. Circuit, arguing that her tip did not drive the $31 million assessment against the taxpayers.
-
February 17, 2026
OECD Updates Tool For Amount B And Issues Guidance
The Organization for Economic Cooperation and Development released an updated tool Tuesday for making calculations under its transfer pricing method known as Amount B and issued guidance on frequently asked questions.
-
February 17, 2026
Applicable Federal Rate To Rise In March
Applicable federal rates for income tax purposes will increase nearly across the board in March, the Internal Revenue Service said Tuesday.
-
February 17, 2026
11th Circ. Urged To Affirm No Tax Refund For Fund Exec's Jet
A Florida federal court correctly denied a $1.9 million tax refund to a hedge fund manager who claimed a business deduction for wear and tear on his jet, the U.S. told the Eleventh Circuit, saying he made his argument for the tax break too late.
-
February 13, 2026
Senate Dems Say IRS-ICE Privacy Warnings Proved Correct
The Internal Revenue Service's recent admission that a faulty system improperly shared taxpayer records with U.S. Immigration and Customs Enforcement vindicates long-standing warnings about privacy and data protection risks, Senate Democrats said.
-
February 13, 2026
Suspect In Labor Scheme Probed By IRS Must Stay In Custody
A self-proclaimed religious leader accused of orchestrating a sweeping forced-labor scheme investigated by the Internal Revenue Service must stay behind bars while he awaits trial, a Michigan federal judge decided Friday after privately reviewing more than 150 pages of victims' statements.
-
February 13, 2026
Oil Co. Presses IRS For $3.2M In Refunds From Merger
The Internal Revenue Service has failed to act on an oil and natural gas company's requests for nearly $3.2 million in tax refunds tied to losses from a 2020 merger, despite the company giving the agency all requested information, it told a Texas federal court.
-
February 13, 2026
Ethics Groups Seek Pause On Trump's $10B Tax Leak Suit
Ethics groups asked a Florida federal court to pause President Donald Trump's $10 billion suit against the Internal Revenue Service and block any money settlement until he finishes his term, saying his pursuit of damages for his leaked tax returns raises constitutional and ethical concerns.
-
February 13, 2026
FinCEN Eases Beneficial Owner ID Rules For Banks
The U.S. Treasury Department's Financial Crimes Enforcement Network announced Friday that banks are excepted from certain aspects of the agency's customer due diligence rules, including the requirement to repeatedly identify the beneficial owners of existing corporate account holders.
Expert Analysis
-
Junior Attys Must Beware Of 5 Common Legal Brief Mistakes
Excerpt from Practical Guidance
Junior law firm associates must be careful to avoid five common pitfalls when drafting legal briefs — from including every possible argument to not developing a theme — to build the reputation of a sought-after litigator, says James Argionis at Cozen O'Connor.
-
Digital Asset Report Opens Doors For Banks, But Risks Linger
A recent report from a White House working group discussing digital asset market structure signals how banks may elect to expand into digital asset custody, trading and related services in the years ahead, but the road remains layered with challenges, say attorneys at Foley & Lardner.
-
Power To The Paralegals: How And Why Training Must Evolve
Empowering paralegals through new models of education that emphasize digital fluency, interdisciplinary collaboration and human-centered lawyering could help solve workforce challenges and the justice gap — if firms, educators and policymakers get on board, say Kristine Custodio Suero and Kelli Radnothy.
-
5 Real Estate Takeaways From Trump's Sweeping Tax Law
Changes to the Internal Revenue Code included in the One Big Beautiful Bill Act will have a range of effects on real estate sponsors, investors and real estate investment trusts — from more compliance flexibility around taxable REIT subsidiary limits to new considerations raised by a key retaliatory tax provision that was left out, say attorneys at DLA Piper.
-
Evaluating The Current State Of Trump's Tariff Deals
As the Trump administration's ambitious tariff effort rolls into its ninth month, and many deals lack the details necessary to provide trade market certainty, attorneys at Adams & Reese examine where things stand.
-
How Hyperlinks Are Changing E-Discovery Responsibilities
A recent e-discovery dispute over hyperlinked data in Hubbard v. Crow shows how courts have increasingly broadened the definition of control to account for cloud-based evidence, and why organizations must rethink preservation practices to avoid spoliation risks, says Bree Murphy at Exterro.
-
Preserving Refunds As Tariffs Await Supreme Court Weigh-In
In the event that the U.S. Supreme Court decides in V.O.S. Selections v. Trump that the president doesn't have authority to levy tariffs under the International Emergency Economic Powers Act, importers should keep records of imports on which they have paid such tariffs and carefully monitor the liquidation dates, say attorneys at Butzel.
-
Revamped Opportunity Zones Can Aid Clean Energy Projects
The Qualified Opportunity Zone program, introduced in 2017 and reshaped in the One Big Beautiful Bill Act, offers investors federal tax incentives for development in low-income communities — incentives that are especially meaningful for clean energy projects, where capital-intensive infrastructure and long-term planning are essential, say attorneys at Dentons.
-
Writing Musicals Makes Me A Better Lawyer
My experiences with writing musicals and practicing law have shown that the building blocks for both endeavors are one and the same, because drama is necessary for the law to exist, says Addison O’Donnell at LOIS Law.
-
How Fashion, Tech Can Maximize New Small Biz Tax Breaks
Fashion and technology companies, which invest heavily in innovation, should consider taking advantage of provisions in the One Big Beautiful Bill Act that favor small businesses, restructuing if necessary to become eligible for expanded research and experimental expenditure credits and qualified small business stock incentives, says Aime Salazar at Olshan Frome.
-
Adapting To Private Practice: From Va. AUSA To Mid-Law
Returning to the firm where I began my career after seven years as an assistant U.S. attorney in Virginia has been complex, nuanced and rewarding, and I’ve learned that the pursuit of justice remains the constant, even as the mindset and client change, says Kristin Johnson at Woods Rogers.
-
7 Document Review Concepts New Attorneys Need To Know
For new associates joining firms this fall, stepping into the world of e-discovery can feel like learning a new language, but understanding a handful of fundamentals — from coding layouts to metadata — can help attorneys become fluent in document review, says Ann Motl at Bowman and Brooke.
-
Agentic AI Puts A New Twist On Attorney Ethics Obligations
As lawyers increasingly use autonomous artificial intelligence agents, disciplinary authorities must decide whether attorney responsibility for an AI-caused legal ethics violation is personal or supervisory, and firms must enact strong policies regarding agentic AI use and supervision, says Grace Wynn at HWG.