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

EmblemHealth Pushes IRS To Hand Over $6.7M Tax Refund

Not-for-profit insurance company EmblemHealth asked a New York federal court Wednesday to grant it a nearly $6.7 million tax refund, saying the Internal Revenue Service left a voicemail accepting its refund cl... (more story)

9th Circ. Tosses $3.9M Tax Foreclosure Appeal As Premature

The Ninth Circuit dismissed a man's challenge to a court order that he believed allowed the government to foreclose on his property to pay his son's tax liabilities of more than $3.9 million, saying Wednesday ... (more story)

Judge Delays Trial Over $20M Allegedly Hidden From IRS

A Florida federal judge agreed Wednesday to delay the trial of a Brazilian-American businessman accused of hiding $20 million from the Internal Revenue Service by using Swiss bank accounts, but told the defend... (more story)

Loeb & Loeb Adds 2 Corporate Partners From Morrison Cohen

Loeb & Loeb LLP has announced the latest in a string of corporate hires from Morrison Cohen LLP's ranks, touting two new partners with domestic and international experience with strategic transactions.

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)

State & Local More

Tax Challenge Viable In Court, Philip Morris Tells NC Justices

A North Carolina administrative court has the power to find a state tax law unconstitutional, tobacco company Philip Morris USA told the state Supreme Court in its attempt to avoid a more than $300,000 franchise tax bill.

Stormy Daniels Says Trump Flubbed Subpoena At Nightclub

Stormy Daniels, the adult film star at the center of Donald Trump's hush money case, said the former president failed to properly serve her with a subpoena seeking evidence of alleged bias last month after the... (more story)

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)

International More

Gov't Officials Urge Global Cooperation On Taxing Wealth

Global cooperation on taxing the wealthiest individuals and companies is necessary to address climate change and create social justice, government officials from Brazil, France and Nigeria said Wednesday at th... (more story)

Johnston Carmichael Adds Ex-Alvarez Tax Pro In Glasgow

U.K. accounting and business advisory firm Johnston Carmichael has recruited an accountant from Alvarez & Marsal to work as a financial services tax partner in its Glasgow office.

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 Not A State Aid Violation, EU Court Affirms

A Swedish banking tax does not run afoul of the European Union's rules on state aid, the EU's lower court said Wednesday, dismissing a bid by the country's banking lobby to annul the European Commission's appr... (more story)

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)