Federal
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December 02, 2025
Exec To Admit To $1.6M Scheme Involving Taxes, Restitution
A Massachusetts executive has agreed to plead guilty in a scheme to avoid paying income taxes and restitution in a 2008 securities fraud case by receiving more than $1.6 million in compensation and benefits under the table, federal prosecutors announced.
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December 02, 2025
Treasury Clarifies Tax-Advantaged 'Trump Accounts'
The federal government issued guidance Tuesday on the new type of tax-advantaged brokerage account for children, known as Trump accounts, that specifies how to create the savings plans and who can make contributions and receive government seed money for them.
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December 02, 2025
ACA Expansion Lapse May Impede Organ Access, Panel Told
Allowing the Affordable Care Act's premium tax credit expansion to lapse would make it harder for Americans to be listed for organ transplants, potentially dampening an upward trend in transplants in the years since the expansion was enacted, a panelist told House lawmakers Tuesday.
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December 02, 2025
Okla. Urges Justices To Turn Down Tribal Tax Case
The Oklahoma Supreme Court properly ruled that a member of the Muscogee (Creek) Nation owes Oklahoma income tax, the state's tax commission told the U.S. Supreme Court on Tuesday, urging the court to deny the member's petition for review.
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December 02, 2025
Chevron Unit Entitled To $80M In Tax Credits, Tax Court Told
A Chevron subsidiary and chemicals supplier that operates internationally is entitled to more than $80 million in tax credits for energy investments and research related to plastics production, the company has told the U.S. Tax Court in challenging denials by the Internal Revenue Service.
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December 01, 2025
House Votes To Expand Tax Court's Subpoena Power
The House approved legislation Monday that would grant the U.S. Tax Court the power to issue subpoenas for pretrial production of documents and would apply mandatory recusal rules to the court's judges.
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December 01, 2025
Mich. County's Tax Sale Violates Constitution, Justices Told
A Michigan county violated the takings clause of the U.S. Constitution when it took title to a home over a tax debt, then sold the home at a low price and refunded only that amount to the homeowner, the homeowner's estate told the U.S. Supreme Court on Monday.
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December 01, 2025
Trump Tariff Refund Rights Should Be Preserved, Costco Says
The federal government should have to refund President Donald Trump's emergency tariffs paid by Costco Wholesale Corp., the company told the U.S. Court of International Trade.
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December 01, 2025
Tax Court Slashes $10M Ga. Easement Deduction
A partnership overvalued its donation of a conservation easement across vacant land in Georgia by more than $10 million, a U.S. Tax Court judge concluded Monday, slashing the partnership's tax deduction and upholding penalties against it for overstating the property's value.
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December 01, 2025
Couple Can't Deduct Int'l Business Expenses, Tax Court Says
A Kansas couple cannot deduct expenses on their personal income tax returns for money sent to two foreign corporations co-owned by the husband because they weren't classified as pass-through entities, the U.S. Tax Court said in an opinion released Monday.
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December 01, 2025
Attys Seek $99M From Colgate-Palmolive ERISA Pension Deal
Attorneys representing Colgate-Palmolive retirees asked a New York federal court to approve $99 million in attorney fees and expenses from a $332 million megadeal ending claims the company skimped on pensioners' lump-sum retirement payouts, a request that comes after the court initially signed off on the settlement in October.
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December 01, 2025
Mental Exam Ordered For Man Accused In Tax Shelter Scheme
A man accused of promoting abusive tax shelters may be unable to understand legal proceedings against him or help defend himself, a Colorado federal court found, ordering him to undergo a mental competency exam ahead of his trial.
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December 01, 2025
Judge Dismisses Minn. County's 3,000-Acre Land Trust Suit
A federal judge has given a summary judgment win to the Interior Department in a challenge by a Minnesota county and townships over more than 3,000 acres taken into trust for the Mille Lacs Band of Ojibwe, determining that the agency's decision was not arbitrary, capricious or contrary to law.
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December 01, 2025
5th Circ. Ends DOL Appeals Over Biden-Era Fiduciary Regs
The Fifth Circuit shuttered two appeals from the U.S. Department of Labor that aimed to revive Biden-era regulations expanding the definition of a fiduciary under the Employee Retirement Income Security Act, after the agency told the appellate court it intended to drop the cases.
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December 01, 2025
Ex-United Pilots Ask Fed Circ. To Rethink Denying Tax Refund
Retired United Airlines pilots who said they overpaid payroll taxes asked the Federal Circuit to rethink its ruling that they can't get partial refunds, saying a three-judge panel avoided the pilots' constitutional challenge to the government's power to tax unrealized income.
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December 01, 2025
IRS Finalizes Lowering Estate Tax Closing Letter Fee To $56
The Internal Revenue Service finalized the $56 fee for taxpayers to request a letter that confirms the agency has received and finished examining an estate tax return, lowering the fee from $67, according to a final rule published on the Federal Register on Monday.
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December 01, 2025
Weekly Internal Revenue Bulletin
The Internal Revenue Service's weekly bulletin included the increased limit for contributions to various retirement accounts, as well as increases to the catch-up contribution limit.
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November 26, 2025
Self-Employment Tax Applies To Partners, IRS Tells 1st Circ.
An energy investment fund's limited partners are not exempt from self-employment tax, the IRS told the First Circuit on Wednesday, saying the partnership wrongly relied on state law to treat full-time partners as passive investors and exclude them from the levy.
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November 26, 2025
Split 6th Circ. Shields Baker Donelson, Not City Councilman
In a published opinion, the Sixth Circuit has found that Baker Donelson Bearman Caldwell & Berkowitz PC is shielded by qualified immunity as outside counsel for the city of Nashville in litigation over the law firm's firing of a city election commission chair and member of the firm.
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November 26, 2025
11th Circ. Urged To Restore Cut To $17M Easement Deduction
The Internal Revenue Service disregarded U.S. Supreme Court precedent in arguing that the U.S. Tax Court was right to slash a partnership's $17 million tax deduction for donating a conservation easement, the partnership told the Eleventh Circuit.
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November 26, 2025
Investor Says Pot Co.'s Old Defenses Can't Stop Fraud Suit
An investor suing the principals of cannabis company Devi Holdings Inc. over an undisclosed $13 million tax liability is urging a Florida federal court to deny a motion for summary judgment from Devi's CEO, saying it ignores undisputed facts and rehashes old arguments that were rejected at the dismissal stage.
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November 26, 2025
5 Takeaways From Eaton Trial On Acquisition Financing, Part 1
The first part of Eaton’s closely watched U.S. Tax Court trial over the company’s financing of a 2012 acquisition has wrapped up, and the judge's questions to witnesses during the first two and a half weeks reveal that he’s leaning the government’s way on at least one of the central questions in the case. Here, Law360 offers five takeaways from the trial held Nov. 3-19, then resuming Dec. 4.
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November 26, 2025
IRS To Ax Tax Preparer Regs Decade After DC Circ. Injunction
The Internal Revenue Service will withdraw long-dormant proposed regulations for independent tax return preparers, which the D.C. Circuit effectively halted the agency from finalizing in 2014, the IRS announced Wednesday.
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November 25, 2025
Texas Court Asks How Far IRS Deal With Churches Would Go
A Texas federal judge on Tuesday prodded multiple churches and Christian advocacy groups that are trying to use a proposed deal with the IRS to endorse political candidates, questioning whether churches that are not part of the deal would assert similar rights.
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November 25, 2025
Profit Shifting Signs Persist Despite Waning, OECD Says
Signs of profit shifting by multinational companies remain persistent despite some abatement over the past several years, the Organization for Economic Cooperation and Development said Tuesday.
Expert Analysis
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Rethinking 'No Comment' For Clients Facing Public Crises
“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.
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How Design Thinking Can Help Lawyers Find Purpose In Work
Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.
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Justices' Certiorari Denial Leaves Interstate Tax Questions
Since the U.S. Supreme Court recently declined to review a Philadelphia resident’s claim that her Delaware state income taxes should be credited against her city wage tax liabilities, constitutional questions about state and local tax distinctions linger, and some states may continue to apply Supreme Court precedent differently, say attorneys at Dentons.
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Corp. Transparency Act's Future Under Treasury's Bessent
The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.
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A Look At A Possible Corporate Transparency Act Exemption
Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.
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Inconsistent Injury-In-Fact Rules Hinder Federal Practice
A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.
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In-House Counsel Pointers For Preserving Atty-Client Privilege
Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.
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Emerging Energy Trends Reflect Shifting Political Landscape
As the Trump administration settles in, some emerging energy industry trends, like expanded support for fossil fuel production, are right off of its wish list — while others, like the popularity of Inflation Reduction Act energy tax credits, and bipartisan support for carbon capture, reflect more complex political realities, say attorneys at Greenberg Traurig.
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Tax-Free Ways To Help Employees After The LA Wildfires
Following the recent wildfires in Los Angeles, there are various tax-free ways to give employees the resources and flexibility they need, including simpler methods like disaster relief payments under Internal Revenue Code Section 139 and leave-sharing programs, and others that require more planning, says Ligeia Donis at Baker McKenzie.
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Judge Should Not Have Been Reprimanded For Alito Essay
Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of Law of Duquesne University.
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Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example
Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.
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Accountant-Owned Law Firms Could Blur Ethical Lines
KPMG’s recent application to open a legal practice in Arizona represents the first overture by an accounting firm to take advantage of the state’s relaxed law firm ownership rules, but enforcing and supervising the practice of law by nonattorneys could prove particularly challenging, says Seth Laver at Goldberg Segalla.
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AI Will Soon Transform The E-Discovery Industrial Complex
Todd Itami at Covington discusses how generative artificial intelligence will reshape the current e-discovery paradigm, replacing the blunt instrument of data handling with a laser scalpel of fully integrated enterprise solutions — after first making e-discovery processes technically and legally harder.