Tax

  • January 24, 2024

    Ariz. Senate Bill Seeks Tax Credit For Gray Water Systems

    Arizona would allow an income tax credit worth up to $5,000 for installation of residential gray water processing systems under a bill introduced in the state Senate. 

  • January 24, 2024

    GOP Reps. Urge Max Sentence For IRS Tax Info Leaker

    The IRS consultant who stole the tax returns of thousands of wealthy people, including Donald Trump, and leaked them to the media should receive the maximum sentence, House Ways and Means Committee Republicans told a D.C. federal judge in a letter released Wednesday.

  • January 24, 2024

    NJ Tax Preparer Admits $4M Conspiracy To Defraud IRS

    A New Jersey tax preparer has admitted that he conspired to employ an identity theft scheme to defraud the U.S. government of $4.49 million, the U.S. attorney announced Wednesday.

  • January 24, 2024

    Tax Group Of The Year: Cravath

    Cravath Swaine & Moore LLP attorneys provided tax advice to Johnson & Johnson on a landmark $41 billion spinoff of its consumer health business to Kenvue Inc. that led to a $4.37 billion initial public offering, earning the firm a spot among Law360's 2023 Tax Groups of the Year.

  • January 24, 2024

    Ariz. Bill Seeks Tax Credits To Counteract Higher Min. Wages

    Arizona would allow income tax credits for employers whose increased labor costs are caused by a local minimum wage higher than that of the state under legislation introduced in the state Senate.

  • January 24, 2024

    Cities Prepare To Make Pitch To Host EU's New AML Center

    Paris and Rome are among the nine European cities that will make their case at public hearings this month for hosting the bloc's new authority for fighting money laundering and terrorist financing, the European Parliament said Wednesday.

  • January 23, 2024

    Oliver North Tells Jury Of Blowback In Pushing For NRA Audit

    Retired Lt. Col. and former National Rifle Association President Oliver North on Tuesday told a New York jury how the gun rights group's CEO Wayne LaPierre and his allies sidelined him after he demanded an outside audit of the nonprofit's finances, including "astronomical" legal fees from its longtime attorneys.

  • January 23, 2024

    Initiative To Repeal Wash. Capital Gains Tax Gets Certified

    A ballot initiative that would repeal Washington state's controversial tax on capital gains has been certified by Washington's secretary of state and will now go to the state Legislature, the secretary of state's office announced Tuesday.

  • January 23, 2024

    Mich. Taxpayers Ask State High Court To Cement Tax Cut

    A group of Michigan business associations, residents and Republican lawmakers urged the state Supreme Court on Tuesday to directly hear their appeal of a judge's ruling that a 2023 personal income tax rate cut was only temporary.

  • January 23, 2024

    Georgia Woman Gets 51 Months For Fake Business Tax Fraud

    A Georgia woman on Tuesday was sentenced to 51 months in prison after pleading guilty in September to running a tax fraud scheme based on a phony business that she used to try to claim millions in tax credits.

  • January 23, 2024

    Netflix Tells Colo. Court Streaming Not Subject To Sales Tax

    Streaming services provided by Netflix Inc. in Colorado do not constitute tangible personal property and are not subject to sales tax, the company told a state court, saying decades of state law back its claim.

  • January 23, 2024

    6th Circ. Says Whistleblower Really Fired For 'Coup' Attempt

    A Sixth Circuit panel found Monday that a medical device company fired its president's son not because he ratted out his stepmother to the IRS, but because he tried to seize control of the family heating pad business.

  • January 23, 2024

    Beyoncé's $3M Tax Court Trial Set For May

    Pop star Beyoncé's dispute of a $3 million tax bill will head to trial in the U.S. Tax Court in May, according to a pretrial order filed Tuesday.

  • January 23, 2024

    Pa. Court Can't Help School District Pursue $1.2M In Taxes

    A Pennsylvania school district cannot seek a declaratory judgment to make a commercial property pay $1.2 million in additional taxes because the district had a statutory remedy to the situation that it did not pursue, the state Commonwealth Court ruled Tuesday.

  • January 23, 2024

    Tax Group Of The Year: Baker McKenzie

    Baker McKenzie successfully represented FedEx in the first case in which a court struck down a regulation under the 2017 federal tax overhaul on substantive grounds, earning the firm a spot among Law360's 2023 Tax Groups of the Year.

  • January 22, 2024

    Oliver North Was Shocked At NRA's Legal Fees, Jury Hears

    A Manhattan jury heard Monday of how former National Rifle Association president Oliver North and others believed the gun rights group's outside counsel at Brewer Attorneys & Counselors was charging excessive legal fees, which at one point rose to $24 million in just over a year.

  • January 22, 2024

    Feds Seek 2-Plus Years For 'Brazen' Philly Cheesesteak Duo

    The U.S. Attorney's Office in Philadelphia has asked a federal judge to impose a minimum prison sentence of three years on a father and two years on his son, after they admitted to running an $8 million tax-avoidance scheme at their iconic Tony Luke's cheesesteak shop in South Philly.

  • January 22, 2024

    'Well-Pled Web' Of Carlyle Links Keeps Del. $344M Suit Alive

    Shareholders have sufficiently pled that an independent director of The Carlyle Group Inc. has so many ties to co-founder David M. Rubenstein that it could have compromised his ability to make impartial decisions about a $344 million tax asset buyout, a Delaware Chancery Court vice chancellor said Monday.

  • January 22, 2024

    4th Circ. Preview: Timberland's TM Bid Kicks Off 2024

    The Fourth Circuit will kick off 2024 by probing Timberland's bid to trademark its footwear and pondering an embattled insurance mogul's attempt to escape a $524 million judgment.

  • January 22, 2024

    FTC Rules Against Maker Of TurboTax In Deceptive Ad Case

    The Federal Trade Commission announced Monday that it has ruled against Intuit Inc., the maker of TurboTax, saying the company duped customers for years into thinking they could file their tax returns for free, in violation of a law against deceptive advertising.

  • January 22, 2024

    Colo. Justices OK Urban Renewal Tax Formula

    Colorado's justices on Monday upheld the state's method for deciding how much of an area's increased property tax revenue should go to the redevelopment agencies that helped revitalize it, unanimously ruling that an urban renewal law doesn't require a specific methodology.

  • January 22, 2024

    NJ City Can't Limit Tax Appeal After Failed Postal Delivery

    A New Jersey city cannot limit the scope of a taxpayer's appeal after a request for more information wasn't returned, the state's tax court ruled, because the request wasn't properly delivered to the taxpayer.

  • January 22, 2024

    Task Force To Tackle Global Carbon Pricing Framework

    A task force created by many of the largest intergovernmental organizations will hold its first meeting Jan. 30 to develop a global framework for carbon pricing that governments can use to compare policies, the World Trade Organization's director said Monday.

  • January 22, 2024

    Holland & Knight Brings On Greenspoon Public Finance Pros

    A pair of former Greenspoon Marder LLP public finance attorneys who both have about four decades of experience in their practice area have jumped to Holland & Knight LLP, the firm announced Monday.

  • January 22, 2024

    Foley Adds Paul Hastings Tax Atty, Eyeing East Coast Growth

    Foley & Lardner LLP on Monday announced its latest lateral hire on the East Coast, welcoming a tax attorney from Paul Hastings LLP to its New York office.

Expert Analysis

  • How New Lawyers Can Leverage Feedback For Growth

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    Embracing constructive criticism as a tool for success can help new lawyers accelerate their professional growth and law firms build a culture of continuous improvement, says Katie Aldrich at Fringe Professional Development.

  • Circuit Rulings Confirm Ch. 11 Trustee Fee Refund Trend

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    Recent Ninth and Eleventh Circuit rulings that Chapter 11 debtors are entitled to refunds for unconstitutional bankruptcy trustee fees paid under the Bankruptcy Judgeship Act support a developing trend in debtors' favor, making it likely that courts considering the same question will follow suit, says Adam Herring at Nelson Mullins.

  • The NIL Legislation Race: CAEFA And Ted Cruz's Draft Bill

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    Christina Stylianou and Gregg Clifton at Lewis Brisbois compare legislation pertaining to the name, image and likeness rights of college student-athletes, including the College Athlete Economic Freedom Act and Sen. Ted Cruz's draft bill that would restrict an athlete's eligibility to compete if an NIL agreement violates their university's student code of conduct.

  • Twitter Legal Fees Suit Offers Crash Course In Billing Ethics

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    X Corp.'s suit alleging that Wachtell grossly inflated its fees in the final days of Elon Musk’s Twitter acquisition provides a case study in how firms should protect their reputations by hewing to ethical billing practices and the high standards for professional conduct that govern attorney-client relationships, says Lourdes Fuentes at Karta Legal.

  • ABA's Money-Laundering Resolution Is A Balancing Act

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    While the American Bar Association’s recently passed resolution recognizes a lawyer's duty to discontinue representation that could facilitate money laundering and other fraudulent activity, it preserves, at least for now, the delicate balance of judicial, state-based regulation of the legal profession and the sanctity of the attorney-client relationship, say attorneys at Ballard Spahr.

  • Prevailing Wage Rules Complicate Inflation Act Tax Incentives

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    Nicole Elliott and Timothy Taylor at Holland & Knight discuss the intersection between tax and labor newly created by the Inflation Reduction Act, and focus on aspects of recent U.S. Department of Labor and U.S. Department of the Treasury rules that may catch tax-incentive seekers off guard.

  • Law Firm Professional Development Steps To Thrive In AI Era

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    As generative artificial intelligence tools rapidly evolve, professional development leaders are instrumental in preparing law firms for the paradigm shifts ahead, and should consider three strategies to help empower legal talent with the skills required to succeed in an increasingly complex technological landscape, say Steve Gluckman and Anusia Gillespie at SkillBurst Interactive.

  • Payroll Tax Evasion Notice Suggests FinCEN's New Focus

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    The Financial Crimes Enforcement Network’s recent notice advising U.S. financial institutions to report payroll tax evasion and workers' compensation schemes in the construction industry suggests a growing interest in tax enforcement and IRS collaboration, as well as increased scrutiny in the construction sector, say Andrew Weiner and Jay Nanavati at Kostelanetz.

  • The Basics Of Being A Knowledge Management Attorney

    Excerpt from Practical Guidance
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    Michael Lehet at Ogletree Deakins discusses the role of knowledge management attorneys at law firms, the common tasks they perform and practical tips for lawyers who may be considering becoming one.

  • Challenging Standing In Antitrust Classes: The Uninjured

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    In virtually every antitrust class action, parties at the certification phase disagree about whether the proposed class includes uninjured members, but the goals of Rule 23 and judicial economy are best served by synthesizing two distinct approaches circuit courts take on this issue, say Michael Hamburger and Holly Tao at White & Case.

  • How Taxpayers Can Prep As Justices Weigh Repatriation Tax

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    The U.S. Supreme Court might strike down the 2017 federal tax overhaul's corporate repatriation tax in Moore v. U.S., so taxpayers should file protective tax refund claims before the case is decided and repatriate previously taxed earnings that could become entangled in dubious potential Section 965 refunds, say Jenny Austin and Gary Wilcox at Mayer Brown.

  • To Hire And Keep Top Talent, Think Beyond Compensation

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    Firms seeking to appeal to sophisticated clients and top-level partners should promote mentorship, ensure that attorneys from diverse backgrounds feel valued, and clarify policies about at-home work, says Patrick Moya at Quaero Group.

  • Perspectives

    More States Should Join Effort To Close Legal Services Gap

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    Colorado is the most recent state to allow other types of legal providers, not just attorneys, to offer specific services in certain circumstances — and more states should rethink the century-old assumptions that shape our current regulatory rules, say Natalie Anne Knowlton and Janet Drobinske at the University of Denver.

  • Identifying Trends And Tips In Litigation Financing Disclosure

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    Growing interest and controversy in litigation financing raise several salient concerns, but exploring recent compelled disclosure trends from courts around the country can help practitioners further their clients' interests, say Sean Callagy and Samuel Sokolsky at Arnold & Porter.

  • Opinion

    OFAC Designation Prosecutions Are Constitutionally Suspect

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    Criminal prosecutions based on the Office of Foreign Assets Control’s sanctions-related listing decisions — made with nearly unfettered discretion through an opaque process — present several constitutional issues, so it is imperative that courts recognize additional rights of review, say Solomon Shinerock and Annika Conrad at Lewis Baach.

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