Featured Stories

3 Key Takeaways From The IRS' Latest Pricing Pact Snapshot

The IRS finalized a record number of advance pricing agreements in 2023, signaling the agency's increased effectiv... (more story)

Donor Fund Regs Could Imperil Nonprofit-Sponsored Projects

So-called fiscal sponsorship funds set up at established nonprofits to help new projects start charitable work cou... (more story)

Stressed About The Trump Trial? Imagine How The Attys Feel

A trial-of-the-century moment like Donald Trump's New York criminal case heaps singular attention and pressure on ... (more story)

Federal More

Financial Planner Gets Prison For Tax Shelter Fraud Scheme

A Cleveland financial planner who colluded with a Florida attorney to promote an illegal tax scheme using fake charitable donations to score deductions for his company's high-income clients was sentenced Tuesd... (more story)

Corp. Transparency Act A Valid Use Of Powers, 11th Circ. Told

The U.S. Department of Treasury told the Eleventh Circuit that a federal district court erred in finding the Corporate Transparency Act unconstitutional, saying the lower court misunderstood the law's scope an... (more story)

Nothing 'Sinister' About Attys, Broker's Tax Plan, NC Jury Told

Two St. Louis attorneys and a North Carolina insurance agent on Tuesday tried to poke holes in an undercover IRS agent's investigation of what the government has characterized as a criminal tax avoidance schem... (more story)

Biden Pushes For Permanent Premium Tax Credit Expansion

President Joe Biden said Tuesday that should he be reelected one of his first actions would be to seek to make permanent the expansions that were made to the health insurance premium tax credit to increase eli... (more story)

GOP Senators Call IRS' E-File Program Too Costly

Senate Republicans continued to criticize the Internal Revenue Service's free tax filing pilot program during a Finance Committee hearing Tuesday, saying the program has not followed best practices and will be... (more story)

Estate Asks 9th Circ. For Rehearing Over Tax Bill

The estate of a woman whose trust transferred $1.06 million to her son before she died is asking the Ninth Circuit to rethink its decision upholding $38,000 in federal estate taxes, arguing that the U.S. Tax C... (more story)

Retrial For Feds' Conduct Denied In $12M Tax Fraud Case

An Atlanta man convicted of running a $12 million tax refund fraud scheme isn't entitled to a new trial even though federal prosecutors withheld evidence that the man said minimized his role in the crime, a fe... (more story)

State & Local More

NC Justices Hint Contractor Qualifies For Tax Break

The North Carolina Supreme Court appeared ready to rule in favor of a contractor seeking a tax exemption reserved for manufacturers, with the justices concerned that hinging qualification on a sales percentage... (more story)

NY Budget Deal Revives 421a Credit In Housing Supply Push

New York Gov. Kathy Hochul said state lawmakers have agreed to the terms of a state budget reviving an expired affordable housing tax credit, backing office-to-residential conversions and taking other steps to... (more story)

BigLaw Attys Among First 7 Jurors Picked In Trump's NY Trial

Two BigLaw attorneys on Tuesday were among seven people sworn in as jurors in Donald Trump's Manhattan hush money trial, which could proceed to opening statements as soon as Monday.

This Earth Day, Consider How Your Firm Can Go Greener

As Earth Day approaches, law firms and attorneys should consider adopting more sustainable practices to reduce their carbon footprint — from minimizing single-use plastics to purchasing carbon offsets for air ... (more story)

Detroit Fire Safety 'Tax' Case Heads To Mich. Justices

The Michigan Supreme Court will hear a challenge to Detroit's fire safety inspection fees, taking up an appeal from a pipe fitter's proposed class action alleging that the charges amounted to unlawful taxes.

9th Circ. To Hear Hunter Biden Appeal In Criminal Tax Case

The Ninth Circuit will hear Hunter Biden's argument that a California federal judge wrongly rejected requests by his defense team to toss a criminal tax case that Biden has claimed is politically motivated and... (more story)

Trump Accused Of Witness Threats As Jury Selection Begins

The Manhattan district attorney's office on Monday asked the judge overseeing Donald Trump's hush money trial to find Trump in contempt for flouting the court's gag order barring witness intimidation, on day o... (more story)

Trump Can't Derail Hush Money Trial Over Media Saturation

A New York judge overseeing Donald Trump's hush money case on Friday rejected another of the former president's bids to derail trial next week, waving off his complaints that prejudicial media coverage has tai... (more story)

NJ Tax Court Awards Refunds To Web-Based Services Co.

The New Jersey Tax Court on Friday awarded a web-based services company more than a half a million dollars in refunds, saying the company's use of market-based sourcing to compute the numerator of its state re... (more story)

International More

Tax Incentives Needed To Boost EU Investments, Adviser Says

European Union countries must give tax incentives to boost long-term savings plans for individuals and institutions in an effort to gather capital for investment in businesses, a top adviser said Wednesday.

EU To Start Review Of Disclosure Laws In May, Official Says

The European Commission plans to launch a review of some parts of its landmark tax disclosure legislation in May, a senior tax official said Wednesday, suggesting the body is open to simplifying the law.

Swedish Bank Tax Isn't Illegal State Aid, EU Court Says

A Swedish banking tax does not constitute illegal state aid, the European Union's lower court said Wednesday, dismissing a bid by the country's banking lobby to annul the European Commission's approval of the measure.

Orrick Adds Former Hogan Lovells Atty To German Tax Group

Orrick Herrington & Sutcliffe LLP added a former Hogan Lovells counsel to its German tax group, the firm announced.

McDermott Hires 2 Partners For Global Tax Practice In Paris

McDermott Will & Emery is expanding its global tax practice group with two partners in Paris who have a track record of advising on cross-border mergers and acquisitions and tax controversies before France's t... (more story)

Treasury Gains £12B Fiscal Headroom In New Tax Year

HM Treasury may have an extra £12 billion ($14.9 billion) to spend this financial year started April 6 thanks to the government's fiscal rule to cut national debt by 2029, the Institute for Fiscal Studies said... (more story)

Taylor Wessing Launches Ireland Tax Practice With New Hire

Taylor Wessing LLP has recruited its first tax partner in Ireland from Simmons & Simmons LLP to launch a new tax group in the country, continuing its expansion after initially setting up shop in Dublin three years ago.