Featured Stories

The Tax Angle: More GOP TCJA Teams, Nonprofit Hospitals

From a look at efforts by the Republicans on the Senate Finance Committee to prepare for next year's expiration of... (more story)

Staffing Hurdles Could Slow Impact Of IRS Audit Boost

The Internal Revenue Service's intended ramping up of enforcement on wealthy people, large corporations and comple... (more story)

A Chronology Of The Hunter Biden Investigation

The story behind President Joe Biden's son Hunter Biden's conviction on federal gun charges started with a gun pur... (more story)

Federal More

Tomato Cos. Can't Take Immediate Deductions, 9th Circ. Told

Two companies that supply 40% of the U.S.' tomato paste and diced tomatoes should not be allowed to deduct costs of restoring their production facilities before the actual restoration occurs, the IRS told the ... (more story)

What DOL Fiduciary Rule Means For Private Fund Managers

Attorneys at Ropes & Gray discuss how the U.S. Department of Labor's recently released final fiduciary rule, which revises the agency's 1975 regulation, could potentially cause private fund managers' current m... (more story)

Casinos Must Fight Hotel Tax In State Court, 5th Circ. Says

Owners of two Louisiana casinos with attached hotels must challenge Baton Rouge in state court, rather than federal court, over taxes the city says they owe on free hotel stays they gave patrons, the Fifth Cir... (more story)

Housing, Child Care Top Dem. Senators' 2025 Tax Deal Goals

Senate Democrats plan to prioritize tax policies that will make child care and housing more affordable in the midst of the debate over the extension of the 2017 tax law's expiring provisions in 2025, Senate Fi... (more story)

Dickinson Wright Brings On McDermott, Bell Nunnally Attys

Dickinson Wright PLLC added a pair of new members who include a commercial finance and real estate attorney from Bell Nunnally & Martin LLP based in Austin, Texas, and a tax and incentives attorney from McDerm... (more story)

Tax Court Errs In Deeming Loans As Equity, 11th Circ. Told

A Florida business owner deserves tax deductions on loans his companies made to residential development projects that became worthless during the Great Recession, he told the Eleventh Circuit in a bid to rever... (more story)

Money, Money, Money: Limiting White Collar Wealth Evidence

As courts increasingly recognize that allowing unfettered evidence of wealth could prejudice a jury against a defendant, white collar defense counsel should consider several avenues for excluding visual eviden... (more story)

State & Local More

Online Photos Not Proof Of Taxable Sales, Miss. Justices Told

A Mississippi trial court erred in ruling that a couple's yard sale transactions were taxable as the decision relied upon Facebook photos used by the state tax department as evidence, the couple told the state Supreme Court.

Mich. Insurer Owes Tax On Mailed Ads, Appeals Court Says

A Michigan life insurance company owes use tax on advertisements mailed by an out-of-state contractor, the Michigan Court of Appeals ruled Thursday, upholding a lower court's decision.

Group To Appeal Rejection Of Suit Against Colo. Funding Law

Colorado's law creating fees to fund transportation enterprises violates the state's Taxpayer's Bill of Rights, a conservative group suing to throw out the fees told a state court, saying it was appealing to t... (more story)

Nationwide Wins Mich. Combined Filing Tax Fight On Appeal

Nationwide entities can file as a unitary business in Michigan to share tax credits across their group members, the state Court of Appeals ruled Thursday, overturning a state tax tribunal decision that said in... (more story)

How Associates Can Build A Professional Image

As hybrid work arrangements become the norm in the legal industry, early-career attorneys must be proactive in building and maintaining a professional presence in both physical and digital settings, ensuring t... (more story)

The 2 Attys Ensnared In A NJ Mogul's Racketeering Rap

New Jersey businessman George E. Norcross III may be the alleged mastermind of a racketeering scheme to reap millions in tax credits on waterfront property in a distressed city, but the explosive indictment al... (more story)

Ore. To Adopt IRS' Free E-File Program For 2025 Season

Oregon will participate in the Internal Revenue Service's Direct File free online tax filing program when it returns for the 2025 filing season, the U.S. Department of the Treasury and the IRS announced Tuesday.

NM Appeals Court Says Co.'s Foreign Dividends Not Taxable

New Mexico's administrative hearing office erred in finding an oil and gas company must pay tax on its foreign dividend income as those subsidiaries aren't considered part of its unitary group, the state appeals court ruled.

La. Tax Chief Backs Digital Goods Tax, Fewer Exemptions

Louisiana's top tax official told a state tax-writing panel Tuesday that eliminating tax exemptions while broadening the sales tax base to include digital goods and services could pay for cutting the state's p... (more story)

International More

China Denies Tax Crackdown As 2 Cos. Report $80M In Bills

China's tax authority denied a nationwide crackdown on companies' old tax returns Thursday, less than a week after a chemical firm facing 500 million yuan ($69 million) in additional liabilities halted product... (more story)

Canada Lawmakers OK Digital Tax, Advance Min. Tax

Canada's Senate passed a 3% digital services tax that would target the revenue of large technology companies, following through on a plan that has drawn criticism from the U.S. and groups representing American tech giants.

EU Adopts Sanctions On Russian LNG, Oil Tanker Fleet

The European Union agreed in principle Thursday on the 14th economic sanctions package against Russia since its war against Ukraine began, targeting liquefied natural gas, dual-use goods and technologies, and ... (more story)

EU Commission Tells France, Italy To Lower Budget Deficits

The European Commission told France, Italy and six other European Union countries to rein in their big budget deficits on Wednesday, although their governments can decide themselves on the details of spending ... (more story)

Problems With VAT Law Still Not Resolved, Estonia Says

Estonia said Wednesday that it continues to have concerns about a proposed change to the European Union's value added tax law, which the small northeastern European country said would hurt small businesses.

IRS Guidance Doesn't Perceive Spinoff Abuse, Official Says

Recent IRS guidance limiting the corporate spinoffs that revenue officials will approve as tax-free ahead of time was designed to reflect the drafters' current views, rather than suggest perceived abuse of the... (more story)

Firms Must Rethink How They Train New Lawyers In AI Age

As law firms begin to use generative artificial intelligence to complete lower-level legal tasks, they’ll need to consider new ways to train summer associates and early-career attorneys, keeping in mind the fi... (more story)