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Tax

  • July 08, 2025

    Kansas Extends STAR Bonds To Continue Chiefs, Royals Talks

    Kansas lawmakers have approved a one-year extension of the state's Sales Tax and Revenue bonds while the Missouri-based Kansas City Chiefs and Kansas City Royals continue talks with officials about migrating to Kansas.

  • July 08, 2025

    Former Homeowners Land Cert. In Ill. Property Tax Sale Suit

    An Illinois federal court has certified a class of Cook County residents who were stripped of excess equity when their residential properties were sold to recoup property taxes, overriding county objections that homeowners should have to litigate cases individually.

  • July 08, 2025

    Tax Court Says IRS Offer In $57M Easement Case Isn't Binding

    A settlement offer the Internal Revenue Service said it mistakenly made to a partnership after rejecting its $57 million conservation easement deduction is not binding, the U.S. Tax Court said Tuesday, declining the partnership's request to enforce the deal.

  • July 08, 2025

    DEA Tells DC Circ. To Toss Ayahuasca Church's Petition

    Federal drug enforcers urged the D.C. Circuit on Tuesday to toss a petition brought by an Iowa church seeking a religious exemption to use a psychedelic in its rites, saying there was no legal basis to the organization's allegations that the agency took too long to process its application.

  • July 08, 2025

    11th Circ. Affirms Tax Fraud Conviction, 4-Year Sentence

    The Eleventh Circuit upheld a Georgia woman's tax fraud conviction and four-year-plus prison sentence, rejecting her claims that the judge overseeing her case was biased, that her lawyer was ineffective and that a hearing should have been held on whether she was competent to stand trial.

  • July 08, 2025

    Michigan Cos. Pay $1.9M To Settle PPP Loan Fraud Claims

    Four Michigan companies reached settlements worth a combined $1.9 million with the federal government to resolve claims they violated the False Claims Act by making false statements to get Paycheck Protection Program loans during the COVID-19 pandemic.

  • July 08, 2025

    High Court Allows Trump's Gov't Cuts And Restructuring

    The U.S. Supreme Court on Tuesday ruled the Trump administration can move forward with its plans for large-scale layoffs and reorganizations at various federal departments and agencies, lifting a California federal judge's order that had paused the efforts while a legal challenge continues.

  • July 08, 2025

    Churches Can Endorse Political Candidates, IRS Says

    Churches can endorse political candidates without losing their tax-exempt status despite a ban on political activity by certain nonprofits, the IRS said in a Texas federal court document seeking to settle a suit by religious groups that claimed the prohibition on campaigning was unconstitutional.

  • July 08, 2025

    EU Gives Final Go-Ahead For Bulgaria To Switch To Euro

    The Council of the European Union gave its final approval Tuesday for Bulgaria to transition to using the euro next year, with the bloc saying the change will give Bulgarians "real, everyday benefits" like easier cross-border payments and greater access to foreign investment.

  • July 07, 2025

    Trump Orders Treasury To Restrain Solar, Wind Tax Credits

    President Donald Trump ordered the U.S. Treasury Department on Monday to begin carrying out cuts and restrictions to the solar and wind production and investment tax credits that were mandated in the budget bill Trump signed Friday.

  • July 07, 2025

    Biggest Illinois Decisions Of 2025 So Far: A Midyear Report

    State and federal courts have handed down rulings in Illinois cases so far this year that have clarified standing for data breach actions in the state's courts, affirmed coverage for attorney fees and costs paid as part of a settlement, and deemed insufficient a jury instruction frequently given in Illinois personal injury cases. Here's a breakdown of some of the biggest decisions courts have handed down in Illinois cases so far in 2025.

  • July 07, 2025

    Ex-Essential Oil Co. Manager Gets 6 Years For Fraud

    A former manager of an essential oils company was sentenced to nearly six years in federal prison Monday for his role in an embezzlement scheme that stripped his employer of more than $29 million and awarded him millions in kickbacks he hid from the IRS, according to the U.S. Department of Justice.

  • July 07, 2025

    Countries Get August Ultimatum To Avoid US Tariff Hikes

    Goods entering the U.S. from numerous countries will face tariff hikes beginning Aug. 1 unless their governments commit to address trade concerns the U.S. has raised, according to letters President Donald Trump sent Monday.

  • July 07, 2025

    Maine Authorizes Task Force To Explore Property Tax Changes

    Maine authorized the creation of a task force to explore the need for legislation and constitutional amendments to provide more effective property tax relief for residents under a bill signed by the governor.

  • July 07, 2025

    Trump Threatens Extra 10% Tariff On BRICS-Aligned Nations

    President Donald Trump threatened an additional 10% tariff on any country aligning with what's known as the BRICS coalition, which includes Brazil, Russia, India and China.

  • July 07, 2025

    Leaders Of €15M Motor Oil VAT Scheme Convicted, EU Says

    Three ringleaders of a €15 million ($17.6 million) value-added tax fraud ring involving motor oil were among 13 people convicted for their roles in the scheme, with Italian courts handing out a combined 34 years in sentences, the European Public Prosecutor's Office said.

  • July 03, 2025

    Colo. Sales Tax Applies To Netflix Subscriptions, Court Rules

    Netflix's streaming services in Colorado are tangible personal property subject to sales tax, a state appeals court ruled, reversing a district court's finding that the subscriptions were not taxable under state law because they were not tangible physical items.

  • July 03, 2025

    G7 Deal's Details To Dictate How US Cos. Fare Under Pillar 2

    Republicans' international tax changes in their major reconciliation bill that passed Thursday raise questions about the U.S. tax system's ability to coexist with the OECD-designed Pillar Two global minimum tax regime.

  • July 03, 2025

    Circuit-By-Circuit Recap: Justices Send Message To Outliers

    It was a tough term at the U.S. Supreme Court for two very different circuits — one solidly liberal, one solidly conservative — that had their rulings overturned in eye-popping numbers. But it was another impressive year for a relatively moderate circuit that appears increasingly simpatico with the high court.

  • July 03, 2025

    The Moments That Shaped The Universal Injunction Case

    The U.S. Supreme Court voted along ideological lines when it hindered the ability of federal district court judges to issue nationwide pauses on presidential policies, but that outcome didn't seem like a foregone conclusion during oral arguments earlier this year. What do the colloquies suggest about the justices' thinking? Here are some moments that may have swayed them.

  • July 03, 2025

    Conn. Man Charged In $6.2M Tax Refund Scheme

    Federal prosecutors in Connecticut accused a man of using sham trusts to claim $6.2 million in unwarranted tax refunds and bilking the state for unemployment insurance benefits.

  • July 03, 2025

    The Firms That Won Big At The Supreme Court

    The number of law firms juggling three or more arguments before the U.S. Supreme Court this past term nearly doubled from the number of firms that could make that claim last term.

  • July 03, 2025

    Breaking Down The Vote: The High Court Term In Review

    The U.S. Supreme Court once again waited until the term's closing weeks — and even hours — to issue some of its most anticipated and divided decisions.

  • July 02, 2025

    Solar Farm Halt Can't Rest On Federal Tax Credits, Judge Says

    A federal judge has dismissed a lawsuit seeking to block a NextEra Energy solar farm in Kansas, saying arguments that the project can't receive federal clean energy tax credits until it undergoes an environmental review aren't supported by law.

  • July 02, 2025

    Tax Court Rejects IRS' Partnership Income Adjustment Regs

    The U.S. Tax Court ruled Wednesday that the IRS was too late to adjust a Texas real estate partnership's income under a relatively new centralized audit regime, holding that regulations providing a longer adjustment period had exceeded the agency's rulemaking authority granted by Congress.

Expert Analysis

  • Imagine The Possibilities Of Openly Autistic Lawyering

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    Andi Mazingo at Lumen Law, who was diagnosed with autism about midway through her career, discusses how the legal profession can create inclusive workplaces that empower openly autistic lawyers and enhance innovation, and how neurodivergent attorneys can navigate the challenges and opportunities that come with disclosing one’s diagnosis.

  • Series

    Documentary Filmmaking Makes Me A Better Lawyer

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    Becoming a documentary filmmaker has allowed me to merge my legal expertise with my passion for storytelling, and has helped me to hone negotiation, critical thinking and problem-solving skills that are important to both endeavors, says Robert Darwell at Sheppard Mullin.

  • Litigation Funding Disclosure Debate: Strategy Considerations

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    In the ongoing debate over whether courts should require disclosure of litigation funding, funders and plaintiffs tend to argue against such mandates, but voluntarily disclosing limited details about a funding arrangement can actually confer certain benefits to plaintiffs in some scenarios, say Andrew Stulce and Marc Cavan at Longford Capital.

  • Top Considerations For Insurance Companies In 2025

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    As insurance industry participants look to plan for the year, regulatory changes, climate-related challenges, the ongoing effects of social inflation and the potential for significant mergers and acquisitions will be among the key items for insurer boards and management to have on their radar, say attorneys at Debevoise.

  • Scope And Nature Of Judicial Relief Will Affect Loper's Impact

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    The practical result of post-Loper Bright rulings against regulatory actions will depend on the relief courts grant — and there has been controversy in these types of cases over whether the ruling is applied just to the parties or nationwide, and whether the action can be left in place while it's corrected, says Steven Gordon at Holland & Knight.

  • Series

    Adventure Photography Makes Me A Better Lawyer

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    Photographing nature everywhere from Siberia to Cuba and Iceland to Rwanda provides me with a constant reminder to refresh, refocus and rethink the legal issues that my clients face, says Richard Birmingham at Davis Wright.

  • 5 Ways To Create Effective Mock Assignments For Associates

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    In order to effectively develop associates’ critical thinking skills, firms should design mock assignments that contain a few key ingredients, from messy fact patterns to actionable feedback, says Abdi Shayesteh at AltaClaro.

  • Opinion

    Congress Should Pass Sex Abuse Settlement Tax Exemptions

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    The proposed Survivor Justice Tax Prevention Act would expand tax exemptions more clearly for sexual abuse cases, and finally remove the stigma around compensation for emotional and psychological damage, says Rocco Strangio at Milestone & Co.

  • What's Next For Accounting Enforcement After SEC's Big 2024

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    The U.S. Securities and Exchange Commission under the Trump administration will likely continue to focus enforcement efforts on many of the same accounting and auditing issues that it pursued over the past year — but other areas, such as ESG, internal controls and cryptocurrency cases, may fall out of focus, say attorneys at Debevoise.

  • Mentorship Resolutions For The New Year

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    Attorneys tend to focus on personal achievements or career milestones when they set yearly goals, but one important area often gets overlooked in this process — mentoring relationships, which are some of the most effective tools for professional growth, say Kelly Galligan at Rutan & Tucker and Andra Greene at Phillips ADR.

  • Series

    Coaching Little League Makes Me A Better Lawyer

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    While coaching poorly played Little League Baseball early in the morning doesn't sound like a good time, I love it — and the experience has taught me valuable lessons about imperfection, compassion and acceptance that have helped me grow as a person and as a lawyer, says Alex Barnett at DiCello Levitt.

  • 5 Litigation Funding Trends To Note In 2025

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    Lawyers and their clients must be prepared to navigate an evolving litigation funding market in 2025, made more complicated by a new administration and the increasing overall cost of litigation, says Jeffery Lula at GLS Capital.

  • Rethinking Litigation Risk And What It Really Means To Win

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    Attorneys have a tendency to overestimate litigation risk before summary judgment and underestimate risk after it, but an eight-stage litigation framework can clarify risk at different points and help litigators reassess what true success looks like in any particular case, says Joshua Libling at Arcadia Finance.

  • How DOGE's Bite Can Live Up To Its Bark

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    All signs suggest that the Department of Government Efficiency will be an important part of the new Trump administration, with ample tools at its disposal to effectuate change, particularly with an attentive Republican-controlled Congress, say attorneys at K&L Gates.

  • Small Biz Caught In Corporate Transparency Act Crossfire

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    Despite compliance being put on hold due to a nationwide preliminary injunction, small businesses have been caught in the middle of the legal battle over the Corporate Transparency Act — and confusion over the law's requirements could result in major penalties, say attorneys at Snell & Wilmer.

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