Three Albanian entities including a state-owned oil and gas company have asked a D.C. federal judge to pause the enforcement of a roughly $13 million arbitral award owed to litigation funder Omni Bridgeway Ltd. without req...(read more)

A wealth consulting company sold clients nonexistent federal tribal tax credits on behalf of an energy company under criminal investigation, according to a proposed class action filed in Missouri federal court.

A Chinese woman facing $18.4 million in penalties based on the IRS' finding that she willfully failed to report foreign bank accounts asked a D.C. federal court to dismiss the government's collection suit, arguing she was ...(read more)

A group of 24 states lacks proper standing to revive its specific claims against President Donald Trump's now-expired temporary global tariff regime, the federal government has told the Federal Circuit, saying standing is ...(read more)

The U.S. government asked a Texas federal court to shut down a tax preparation firm accused of engaging in extensive fraud that included guiding clients to invent businesses to claim losses and falsely claim self-employmen...(read more)

The maximum amount individuals can contribute to their 401(k) plans will increase to $25,500 from $24,500 in 2027, the Internal Revenue Service announced Thursday.

The top Democratic lawmakers on the Senate Finance and House Ways and Means committees launched an investigation Thursday into the Trump administration's recent dealings with Nvidia following the resignation of its CEO, Je...(read more)

From Microsoft's case for a refund in New Jersey to a proposed tax on wealth in Virginia, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

The revenue gains from a Colorado ballot measure boosting tax rates on high incomes will be entirely consumed by Medicaid if the growth in that program is not brought under control, outgoing Gov. Jared Polis told lawmakers...(read more)

A rule proposed by the Iowa Department of Revenue would align the state with the Multistate Tax Commission's position on what activities by companies exceed the protections against state income taxes laid out in P.L. 86-272.

The nationwide tangle of litigation over the regulation of prediction markets grew as Robinhood challenged Missouri and OG.com sued Arkansas in separate suits to fend off potential state enforcement actions targeting the c...(read more)

A Michigan federal judge considered Tuesday whether to dismiss racketeering claims against a former mayor of the Wayne County city of Taylor who is accused of participating in a bribery scheme involving tax-foreclosed prop...(read more)

A Minnesota county isn't shielded from a parks worker's claim that its negligence caused her to spend $32,000 fighting a federal tax bill, a state appeals court said, reversing a lower court and allowing her suit against t...(read more)

Texas Democratic state lawmakers have introduced legislation to legalize and regulate the sale of recreational marijuana ahead of the state's legislative session, which is due to begin in January.

The Toronto-Dominion Bank cannot claim a rebate on goods-and-services taxes it paid on frequent-flyer miles issued to credit card holders, a Canadian appeals court ruled Friday, rejecting the banking giant's contention tha...(read more)

Seven people who HM Revenue & Customs suspected phished tax professionals for client data used to claim almost £200 million ($264.6 million) in fraudulent tax refunds were arrested in Romania on Thursday, the British tax a...(read more)

A corporate owner of a Belgravia townhouse lost its bid to slash the £11 million ($14.5 million) valuation for property tax purposes when a London tribunal ruled against its assessment.

Chancellor John Healey defended the decision to keep income tax thresholds frozen in the Budget during questioning from the Treasury Committee on Wednesday.

Facebook parent Meta urged the U.S. Tax Court to scrap part of its $16 billion tax bill, arguing that a recent decision in a related case blocks the Internal Revenue Service from allocating income based on transactions wit...(read more)

For counsel planning a personal phone collection as part of the litigation discovery process, it's important to take early steps to ensure that necessary information will be obtained without exposing unrelated information ...(read more)

The Sixth Circuit on Tuesday approved Perrigo's voluntary dismissal of its challenge to a Michigan federal court's adjustments to its transfer pricing analysis in a dispute with the government over an intercompany assignme...(read more)