Federal

  • May 16, 2025

    11th Circ. Rejects Tax Debt Protest Over Judge's Expired Term

    The IRS can move forward in collecting a decades-old tax debt from a former attorney despite his claim that a judge in an underlying proceeding lacked authority because his term had expired before the proceedings ended, the Eleventh Circuit said.

  • May 16, 2025

    Taxation With Representation: Blakes, Davies, Goodmans

    In this week's Taxation With Representation, Charter Communications Inc. merges with Cox Communications, Hub International Ltd. boosts its valuation after securing an investment, Pan American Silver Corp. acquires Mag Silver Corp. and Robinhood buys WonderFi.

  • May 16, 2025

    IRS Lowers Estate Tax Closing Letter Fee To $56

    The fee for taxpayers to request a letter that confirms the IRS has received and finished examining an estate tax return will be lowered to $56 from $67, according to a pair of regulations released Friday.

  • May 16, 2025

    Holland & Knight Welcomes Tax Partner in Philadelphia

    A new partner has joined Holland & Knight LLP's Philadelphia office and will help lead its state and local tax team, the firm announced.

  • May 16, 2025

    Weekly Internal Revenue Bulletin

    The Internal Revenue Service's weekly bulletin, issued Friday, featured inflation-adjusted amounts for health savings accounts for 2026, as well as the maximum amount that may be made available for excepted benefit health reimbursement arrangements.

  • May 15, 2025

    Ga. Atty Gets 16 Months For Role In $1.3B Tax Shelter Scheme

    A Georgia attorney has been sentenced to 16 months in federal prison and slammed with an $8 million bill after pleading guilty to helping orchestrate a $1.3 billion tax scheme involving fraudulent conservation easements.

  • May 15, 2025

    Tax Court Rejects Biz Owners' $34M Interest Deduction

    The owners of a transportation brokerage business are not allowed to deduct more than $34 million in claimed interest expenses, the U.S. Tax Court said Thursday, sustaining determinations by the Internal Revenue Service.

  • May 15, 2025

    Tax Court Won't Review Mass. Man's $121K Proposed Levy

    The U.S. Tax Court said Thursday that it will not review a nearly $121,000 levy the Internal Revenue Service issued against a Massachusetts man, saying that it received his petition 194 days after the 30-day period to seek review in the court.

  • May 15, 2025

    IRS Reopens Comment Period For Offshore Profit Regs

    The Internal Revenue Service on Thursday reopened the comment period for proposed rules that would require U.S. multinational companies to create annual shareholder accounts and adhere to new pooling concepts to properly account for previously taxed earnings and profits.

  • May 15, 2025

    Applicable Federal Rates To Mostly Drop In June

    Applicable federal rates for income tax purposes are set to mostly decrease in June, the fourth consecutive month in which rates have fallen, the Internal Revenue Service said Thursday.

  • May 15, 2025

    House Tax Bill's Foreign Rules May Finish Off Energy Perks

    House Republicans' mammoth tax bill proposes phasing out two popular clean electricity business tax credits, but additional restrictions on eligible development projects' foreign business ties could have the same effect as immediately repealing them.

  • May 15, 2025

    Pillar Two Costs May Outweigh Revenue, Tax Exec Says

    The administrative requirements for complying with an international minimum tax agreement known as Pillar Two could end up costing companies more than any taxes they pay under the global regime, a Microsoft tax executive said Thursday.

  • May 15, 2025

    IRS Can Collect From Ex-Atty In $7B Tax Fraud, 7th Circ. Told

    The IRS has the authority to collect the restitution owed by a former attorney convicted of a $7 billion tax fraud scheme, the U.S. government told the Seventh Circuit, saying he is inventing a loophole to avoid paying his $371 million liability.

  • May 15, 2025

    IRS Issues Corp. Bond Monthly Yield Curve For May

    The IRS published the corporate bond monthly yield curve Thursday for use in calculations for defined benefit plans for May, as well as corresponding segment rates and other related provisions.

  • May 15, 2025

    House Plans Vote On Budget Bill With Tax Package Next Week

    Republican leaders in the House plan to hold a vote next week on the chamber's budget bill that includes the GOP's $3.8 trillion tax package, with the aim of sending the legislation to the Senate before Memorial Day, Ways and Means Committee Chairman Jason Smith said Thursday. 

  • May 15, 2025

    Texan Says IRS' $1M FBAR Penalty Unconstitutional

    A Texan urged a federal court to dismiss the U.S. government's suit seeking to collect $1 million in penalties for unreported offshore bank accounts, arguing that the IRS' penalty assessment violated her constitutional right to a jury trial.

  • May 15, 2025

    Penalty Challenge In $14M Estate Tax Case Heads To Trial

    A woman who failed to file a tax return for her brother's nearly $14 million estate can move forward with a suit challenging the ensuing IRS penalties, a Rhode Island federal judge ruled, saying a jury might excuse the mistake by finding she relied on flawed legal advice.

  • May 15, 2025

    Exxon Looking For 6 Additions To Taxable Substances List

    The Internal Revenue Service asked for comments Thursday on proposals by Exxon Mobil to add six chemicals to the agency's list of taxable substances.

  • May 14, 2025

    House Panel To Fold $3.8T Tax Overhaul Into Budget Package

    The House Budget Committee has scheduled a vote Friday on legislation that would combine the House Ways and Means Committee's $3.8 trillion tax bill with the work of other House committees as part of the fiscal 2025 budget reconciliation bill. 

  • May 14, 2025

    Wisconsin Lake Homeowners Amend Tribal Tax Burden Suit

    Four lake homeowners and an association have amended a suit against local governments in the Menominee reservation in northern Wisconsin, claiming the tribe has sought to grow the amount of tax-exempt land while leaving owners of taxable homes to pay more than their fair share. 

  • May 14, 2025

    Marathon Pushes Back On Bid To Nix Fuel Tax Credit Claims

    Marathon Petroleum pushed back against the government's bid to end part of a lawsuit seeking hundreds of millions of dollars in tax refunds for its alternative fuel mixtures, telling an Ohio federal court that contrary to the government's claims, butane is an alternative fuel.

  • May 14, 2025

    Payroll Co. Owner Cops To Fraud, Tax Charges

    A former payroll company owner pled guilty to embezzling from her clients and failing to pay employee withholdings to the IRS on their behalf.

  • May 13, 2025

    House Panel Clears $3.8T Extension of 2017 Tax Overhaul Law

    The House Ways and Means Committee voted along party lines early Wednesday to approve a $3.8 trillion tax bill that would make permanent many of the tax cuts for businesses and individuals enacted in President Donald Trump's first term.

  • May 13, 2025

    Trade Court Panel Looks Askance At Trump Tariff Justification

    A U.S. Court of International Trade panel expressed skepticism Tuesday that the emergency law President Donald Trump is using to impose global tariffs left the determination of an "unusual and extraordinary threat" to be a political rather than legal question.

  • May 13, 2025

    Energy Co. Schemed On Tribal Tax Credits, Dem Senators Say

    Senate Finance Committee Democrats asked an energy company's chairman Tuesday to address what they allege is evidence of a scheme involving members of President Donald Trump's new administration, including the nominee for IRS commissioner, to validate tribal tax credits the agency says are nonexistent.

Expert Analysis

  • Contract Disputes Recap: Preserving Payment Rights

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    Stephanie Magnell and Zachary Jacobson at Seyfarth examine three recent decisions that together illustrate the importance of keeping accurate records and adhering to contractual procedures to avoid inadvertently waiving contractual rights to cost reimbursements or nonroutine payments.

  • Think Like A Lawyer: Dance The Legal Standard Two-Step

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    From rookie brief writers to Chief Justice John Roberts, lawyers should master the legal standard two-step — framing the governing standard at the outset, and clarifying why they meet that standard — which has benefits for both the drafter and reader, says Luke Andrews at Poole Huffman.

  • After Jarkesy, IRS Must Course-Correct On Captive Insurance

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    The U.S. Supreme Court’s recent Securities and Exchange Commission v. Jarkesy decision has profound implications for other agencies, including the IRS, which must stop ignoring due process and curtailing congressional intent in its policing of captive insurance arrangements, says Peter Dawson at the 831(b) Institute.

  • Lead Like 'Ted Lasso' By Embracing Cognitive Diversity

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    The Apple TV+ series “Ted Lasso” aptly illustrates how embracing cognitive diversity can be a winning strategy for teams, providing a useful lesson for law firms, which can benefit significantly from fresh, diverse perspectives and collaborative problem-solving, says Paul Manuele at PR Manuele Consulting.

  • Class Actions At The Circuit Courts: July Lessons

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    In this month's review of class action appeals, Mitchell Engel at Shook Hardy considers cases touching on pre- and post-conviction detainment conditions, communications with class representatives, when the American Pipe tolling doctrine stops applying to modified classes, and more.

  • Now More Than Ever, Lawyers Must Exhibit Professionalism

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    As society becomes increasingly fractured and workplace incivility is on the rise, attorneys must champion professionalism and lead by example, demonstrating how lawyers can respectfully disagree without being disagreeable, says Edward Casmere at Norton Rose.

  • Reading Between The Lines Of Justices' Moore Ruling

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    The U.S. Supreme Court's recent Moore v. U.S. decision, that the Internal Revenue Code Section 965 did not violate the 16th Amendment, was narrowly tailored to minimally disrupt existing tax regimes, but the justices' various opinions leave the door open to future tax challenges and provide clues for what the battles may look like, say Caroline Ngo and Le Chen at McDermott.

  • A Midyear Forecast: Tailwinds Expected For Atty Hourly Rates

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    Hourly rates for partners, associates and support staff continued to rise in the first half of this year, and this growth shows no signs of slowing for the rest of 2024 and into next year, driven in part by the return of mergers and acquisitions and the widespread adoption of artificial intelligence, says Chuck Chandler at Valeo Partners.

  • States Should Loosen Law Firm Ownership Restrictions

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    Despite growing buzz, normalized nonlawyer ownership of law firms is a distant prospect, so the legal community should focus first on liberalizing state restrictions on attorney and firm purchases of practices, which would bolster succession planning and improve access to justice, says Michael Di Gennaro at The Law Practice Exchange.

  • After Chevron: Uniform Tax Law Interpretation Not Guaranteed

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    The loss of Chevron deference will significantly alter the relationship between the IRS, courts and Congress when it comes to tax law, potentially precipitating more transparent rulemaking, but also provoking greater uncertainty due to variability in judicial interpretation, say Michelle Levin and Carneil Wilson at Dentons.

  • Texas Ethics Opinion Flags Hazards Of Unauthorized Practice

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    The Texas Professional Ethics Committee's recently issued proposed opinion finding that in-house counsel providing legal services to the company's clients constitutes the unauthorized practice of law is a valuable clarification given that a UPL violation — a misdemeanor in most states — carries high stakes, say Hilary Gerzhoy and Julienne Pasichow at HWG.

  • How High Court Approached Time Limit On Reg Challenges

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    The U.S. Supreme Court's decision in Corner Post v. Federal Reserve Board effectively gives new entities their own personal statute of limitations to challenge rules and regulations, and Justice Brett Kavanaugh's concurrence may portend the court's view that those entities do not need to be directly regulated, say attorneys at Snell & Wilmer.

  • How To Clean Up Your Generative AI-Produced Legal Drafts

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    As law firms increasingly rely on generative artificial intelligence tools to produce legal text, attorneys should be on guard for the overuse of cohesive devices in initial drafts, and consider a few editing pointers to clean up AI’s repetitive and choppy outputs, says Ivy Grey at WordRake.

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