Featured Stories

Preserving Enhanced LITC Funding Could Aid Tax System

Lawmakers haven't yet enacted funding levels for low-income taxpayer clinics for 2025, but they could grease the w... (more story)

5 Themes That Could Determine Trump's NY Criminal Trial

With closing arguments set for Tuesday morning in Donald Trump's New York hush money case and deliberations on the... (more story)

Biden's Judicial Impact And What's Left On The Wish List

President Joe Biden secured confirmation of his 200th federal judge Wednesday and has transformed the judiciary by... (more story)

Federal More

Tax Court Nixes $30M In Conservation Easement Deductions

The U.S. Tax Court upheld on Thursday the IRS' rejection of more than $30 million in charitable contribution deductions for Alabama conservation easements for partnerships acting as test cases for a larger gro... (more story)

BF Borgers Clients Should Review Compliance, Liability

After the U.S. Securities and Exchange Commission's recently announced enforcement proceedings against audit firm BF Borgers for fabricating audit documentation for hundreds of public companies, those companie... (more story)

Ex-KPMG Manager Joins Davis+Gilbert As Tax Partner

A former managing director at KPMG has joined New York law firm Davis+Gilbert LLP as a tax partner in its corporate and transactions practice, Davis+Gilbert announced.

Black Business Owners Sue Over Impact Of Transparency Act

The Corporate Transparency Act creates unique burdens on businesses owned by people of color, immigrants and other marginalized groups, the Black Economic Council of Massachusetts and several company owners sa... (more story)

Trauma-Informed Legal Approaches For Pro Bono Attorneys

As National Trauma Awareness Month ends, pro bono attorneys should nevertheless continue to acknowledge the mental and physical effects of trauma, allowing them to better represent clients, and protect themsel... (more story)

What Updated PLR Procedure May Mean For Stock Spin-Offs

A recently published Internal Revenue Service revenue procedure departs from commonly understood interpretations of the spinoff rules by imposing more stringent standards on companies seeking private letter ru... (more story)

Miami Tax Preparers Should Be Barred For Fraud, DOJ Says

Two Miami-based tax professionals and their businesses should be barred from preparing federal tax returns for others because they repeatedly claimed fraudulent credits without their customers' knowledge, the ... (more story)

State & Local More

Casino Asks Ind. Justices To Review Add-Back Law's Scope

A casino operator asked the Indiana Supreme Court to review a state tax court decision that said the company needed to add back excise taxes and license fees paid to other states when determining its Indiana income tax base.

Ariz. Looks To Keep Rebate Tax Fight With IRS Alive

Arizona's one-time income tax rebates last year should not be subject to federal tax, the state told a federal court, urging it to reject the Internal Revenue Service's push to dismiss the state's suit challen... (more story)

Mass. Foreclosure Law May Be Unconstitutional, Judge Says

A Massachusetts law blocking towns and cities from returning excess funds from foreclosure sales may be an unconstitutional taking, a federal judge has said.

Kansas Gov. Sets June Special Session On Taxes

The Republican-led Kansas Legislature will meet in a special session June 18 to consider tax relief legislation, the state's governor said Wednesday, calling for compromise following her veto of a bill to redu... (more story)

Minn. To Raise Coming Payroll Tax For Family Leave Program

Minnesota will raise the payroll premium for its upcoming family and medical leave program under legislation signed by the governor over the objections of Republican lawmakers who said the package was rushed t... (more story)

Ex-NRA CFO Settles NY AG Suit Before Phase-Two Trial

The National Rifle Association's former chief financial officer has reached a settlement with the New York attorney general's office ahead of the second phase of a trial over claims the group and its executive... (more story)

Pa. Lawmakers Want End To 40% NOL Cap To Attract Biz

A bipartisan group of Pennsylvania lawmakers voiced support Tuesday to ditch the state's 40% cap on net operating loss deductions and either match the federal standard or eliminate the limit altogether.

Tax Lawyer Rejoins Mayer Brown In DC From Latham

Mayer Brown LLP has rehired a tax partner from Latham & Watkins LLP, who joins the firm in Washington, D.C., to continue working with clients to best utilize renewable energy tax credits, the firm announced Tuesday.

How Attys Can Avoid Pitfalls When Withdrawing From A Case

The Trump campaign's recent scuffle over its bid to replace its counsel in a pregnancy retaliation suit offers a chance to remind attorneys that many troubles inherent in withdrawing from a case can be mitigat... (more story)

International More

EU Court Rejects Appeal Over Spanish Port Tax Breaks

The European Union's Court of Justice on Thursday upheld a lower court ruling that corporate tax exemptions Spain extended to seaports were illegal state aid, brushing aside arguments that a more thorough econ... (more story)

Legal Advice On Corp. Setups Protected, ECJ Adviser Says

A law firm's legal advice, even that concerning the setting up of a corporate investment structure, is within the scope of legal professional privilege guaranteed by European Union law, an adviser to the EU's ... (more story)

Freeze On UK Tax Thresholds Set To Expire in 2028, Hunt Says

Chancellor Jeremy Hunt said on Thursday that the freeze on income tax thresholds will continue until 2028, despite promises by the Conservative government to reduce the overall taxation burden in the future.

Italian Rules On Internet Companies Unlawful, ECJ Finds

Amazon, Google, Airbnb and other internet companies have won their fight against a law requiring them to provide Italian authorities with information about their operations as the European Union's highest cour... (more story)

Irish Court Denies $19.2M Tax Payment To Australia

The Australian Taxation Office lost a bid to have a now-liquidated Australian investment company repay a AU$29 million ($19.2 million) tax debt after an Irish court determined the payment should instead go to a lender.

Baker McKenzie Grows Tax Practice With Ex-KPMG Adviser

Baker McKenzie announced the hiring of an experienced Chicago-based tax adviser as a principal who most recently spent sixteen and a half years at Big Four accounting firm KPMG.

Lithuania Seeks CJEU Ruling On Gaming Co.'s $1.1M Tax Bill

Lithuanian tax authorities have asked the Court of Justice of the European Union whether the past economic justification for a video game company's structure allows it to avoid €1 million ($1.1 million) in tax... (more story)