Federal

  • April 18, 2025

    Trump Ousts New IRS Acting Chief Days After Appointment

    The White House said Friday that President Donald Trump will appoint the U.S. Treasury Department's deputy secretary to be the acting IRS commissioner to replace a former special agent who was appointed to the role days before.

  • April 18, 2025

    Swiss-Italian Man Seeks To Block IRS Getting Data From Apple

    A Swiss-Italian man is seeking to quash an IRS summons on Apple Inc. to produce records linked to his account as part of a probe into his Swiss income tax liabilities, according to a petition filed in California federal court.

  • April 18, 2025

    Taxation With Representation: Davis Polk, Simpson Thacher

    In this week's Taxation With Representation, Global Payments Inc. buys Worldpay from GTCR and FIS, Intel Corp. sells a stake in its Altera business to Silver Lake, KKR acquires OSTTRA from S&P Global and CME Group, and Canada's Capital Power Corp. nabs two U.S. natural gas power plants.

  • April 18, 2025

    IRS Outlines Plan To Advance Whistleblower Program

    The Internal Revenue Service released an operating plan for its whistleblower program Friday, saying it aims to enhance the claim submission process, safeguard whistleblower information and keep whistleblowers informed on the status of their claims.

  • April 17, 2025

    IRS Plans To End Partnership Basis-Shifting Regs

    The Internal Revenue Service said Thursday it plans to revoke partnership basis-shifting regulations, which were finalized in early January to compel businesses engaged in such potentially abusive tax avoidance strategies to report them under the threat of penalty.

  • April 17, 2025

    Tax Court Upholds IRS Collection Actions Against Couple

    The U.S. Tax Court upheld Thursday the Internal Revenue Service's proposed collection actions against a couple, saying that an agency settlement officer did not abuse her discretion in sustaining a lien.

  • April 17, 2025

    Man's Deportation Looms After Tax Evasion Plea Stands

    A Connecticut federal judge denied a man's attempt to vacate his guilty plea for tax evasion, despite accepting that his lawyers had misled him into believing that if he received no prison time he could avoid mandatory detention and likely deportation by U.S. Immigration and Customs Enforcement.

  • April 17, 2025

    Harvard Says No Grounds For IRS To Deny Tax-Exempt Status

    Harvard University said Thursday that there is no legal basis to rescind its tax-exempt status amid an investigation by President Donald Trump's administration into whether the university has violated the terms of that status.

  • April 17, 2025

    Tax Court Denies Horse Breeders' Claimed Losses

    A Louisiana couple who bred, boarded and trained horses were correctly denied $867,000 in loss deductions over six years, the U.S. Tax Court said Thursday, because their activities weren't done for profit.

  • April 17, 2025

    Judge Refuses To Recuse Himself In Ga. Defamation Case

    A Georgia federal judge on Thursday refused to disqualify himself from presiding over a defamation case arising from a family dispute related to a tax preparation business, while also rejecting a bid to transfer the matter to a federal court in California.

  • April 16, 2025

    Tax Court Says Hedge Fund Basket Options Abused Tax Perks

    A Connecticut-based hedge fund has engaged in a complex stock-selling strategy using option contracts that the Internal Revenue Service had determined to be an abusive scheme to avoid paying high taxes on the capital gains, the U.S. Tax Court said Wednesday.

  • April 16, 2025

    Plans To Shelve IRS Direct File Draw Democrats' Ire

    The Trump administration's decision to shutter the Internal Revenue Service's Direct File pilot program was criticized heavily by congressional Democrats, who argued on Wednesday that the program was remarkably successful.

  • April 16, 2025

    Union Denied More Time In Feds' Bid To Bless CBA Rebuke

    A Kentucky federal judge has refused to delay an approaching hearing on the U.S. Department of the Treasury's bid to nullify its workers' union contracts, despite a union's assertion that it's been given little time to prepare for a consequential case and that it has yet to be served.

  • April 16, 2025

    DC Judge Considers Bid To Block IRS Info Sharing With ICE

    A D.C. federal judge on Wednesday questioned whether immigrant advocacy groups have standing to block a tax information-sharing agreement between the IRS and immigration enforcement agencies, but she also outlined concerns that the agreement could be abused.

  • April 16, 2025

    Cannabis Co. Drops Back Taxes Case Against 2 Payroll Firms

    A Washington cannabis company has dropped claims against a pair of payroll services providers accused of leaving the cannabis company with a $172,500 tax bill after failing to pay the Internal Revenue Service on its behalf.

  • April 16, 2025

    IRS Owes Worker A Refund On 401(k) Loan, Suit Says

    The IRS is refusing to send money back to a worker who said a paid-off 401(k) loan was mistakenly counted as income in his tax return, according to a suit filed in Missouri federal court.

  • April 16, 2025

    IRS Publishes 2025 Average Residence Purchase Price Data

    The Internal Revenue Service published data Wednesday on the average purchase price for U.S. residences in different areas, which is used to determine whether bond interest can be excluded from gross income.

  • April 16, 2025

    3rd Circ. Affirms 51 Months For False Tax Return Filings

    The Third Circuit affirmed Wednesday a 51-month sentence of a woman who embezzled more than $1.6 million from her employer and pled guilty to wire fraud and filing false tax returns, rejecting her claim that the U.S. government breached her plea agreement.

  • April 16, 2025

    China's Long-Term Prospects Unfazed By Tariffs, Official Says

    China's long-term prospects are unfazed by U.S. tariffs because of its industrial resilience, diversified trade and shift toward domestic consumption, a Chinese government official said Wednesday as the country posted 5.4% year-on-year growth in gross domestic product during the first quarter of 2025.

  • April 16, 2025

    Applicable Federal Rates To Continue Nosedive In May

    Applicable federal rates for income tax purposes are set to mostly decrease in May for the third month in a row, the Internal Revenue Service said Wednesday.

  • April 16, 2025

    Hunter Biden Tax Probe Critic Named Acting IRS Chief

    An Internal Revenue Service special agent who accused the U.S. Department of Justice of misconduct in an investigation of former President Joe Biden's son Hunter has been named the acting IRS commissioner, a U.S. Treasury Department spokesperson confirmed Wednesday.

  • April 15, 2025

    No Appeal For Green Energy Co. CEO In $40M Investor Suit

    The CEO of a company purportedly funded by a green energy outfit can't appeal a judge's determination in a proposed investor class action that found the executive is subject to the Tennessee federal court's jurisdiction, saying he failed to meet the requirements for such an appeal.

  • April 15, 2025

    Bill To Ax Church Politics Ban Reignites Free-Speech Debate

    More than a dozen congressional Republicans support what they characterize as free-speech legislation to overturn a 1954 tax law barring churches from endorsing candidates, despite warnings from some lawmakers and others that it could weaken church-state separation and flood politics with a new source of dark money.

  • April 15, 2025

    Late Filing Dooms Jeweler's Employment Case In Tax Court

    The window to file a U.S. Tax Court petition for businesses challenging IRS employment tax determinations can be slackened in some cases, but a jewelry company's bid to extend its own filing deadline doesn't pass muster, the court said Tuesday.

  • April 15, 2025

    9th Circ. Backs Ex-Tax Office Worker's $110K Harassment Win

    The Ninth Circuit declined to undo sanctions leveled against a tax and accounting company or reduce a $110,000 jury win handed to a former worker who claimed the business's owner sexually harassed her, ruling the company's arguments fell flat against a lower court's orders.

Expert Analysis

  • Adapting To Private Practice: From DOJ Leadership To BigLaw

    Author Photo

    The move from government service to private practice can feel like changing one’s identity, but as someone who has left the U.S. Department of Justice twice, I’ve learned that a successful transition requires patience, effort and the realization that the rewards of practicing law don’t come from one particular position, says Richard Donoghue at Pillsbury.

  • How The CRE Industry Is Adapting To Tariff Uncertainty

    Author Photo

    Amid uncertainty about pending tariffs and their potential ripple effects, including higher material costs, supply chain delays and tighter margins, commercial real estate industry players are focusing on strategic planning and risk mitigation, says Daniel Diaz Leyva at Day Pitney.

  • Law Firm Executive Orders Create A Legal Ethics Minefield

    Author Photo

    Recent executive orders targeting BigLaw firms create ethical dilemmas — and raise the specter of civil or criminal liability — for the government attorneys tasked with implementing them and for the law firms that choose to make agreements with the administration, say attorneys at Buchalter.

  • Trade Policy Shifts Raise Hurdles For Gov't And Cos. Alike

    Author Photo

    The persistent tension between the Trump administration's fast-moving and aggressive trade policies and the compliance-heavy nature of the trade industry creates implementation challenges for both the business community and the government, says Sara Schoenfeld at Kamerman.

  • Firms Must Embrace Alternative Billing Models Or Fall Behind

    Author Photo

    As artificial intelligence tools eliminate inefficiencies and the Big Four accounting firms enter the legal market, law firms that pivot from the entrenched billable hour model to outcomes-based pricing will see a distinct competitive advantage, says attorney William Brewer.

  • How Attorneys Can Master The Art Of On-Camera Presence

    Author Photo

    As attorneys are increasingly presented with on-camera opportunities, they can adapt their traditional legal skills for video contexts — such as virtual client meetings, marketing content or media interviews — by understanding the medium and making intentional adjustments, says Kerry Barrett.

  • Adapting To Private Practice: From Fed. Prosecutor To BigLaw

    Author Photo

    Making the jump from government to private practice is no small feat, but, based on my experience transitioning to a business-driven environment after 15 years as an assistant U.S. attorney, it can be incredibly rewarding and help you become a more versatile lawyer, says Michael Beckwith at Dickinson Wright.

  • Justices' False Statement Ruling Curbs Half-Truth Liability

    Author Photo

    The U.S. Supreme Court’s recent Thompson v. U.S. decision clarified that a federal statute used to prosecute false statements made to bank regulators only criminalizes outright falsehoods, narrowing prosecutors’ reach and providing defense counsel a stronger basis to challenge indictments of merely misleading statements, says Tamara de Silva at De Silva Law Offices.

  • Perfecting Security Interests In Renewable Energy Tax Credits

    Author Photo

    The ability to transfer renewable energy tax credits has created new opportunities for developers, investors and lenders, but it also raises important questions regarding when and how the security interests in these credits are perfected — questions that must be answered definitively to protect credit claims and transactions, says Harry Teichman at Stinson.

  • Firms Still Have Lateral Market Advantage, But Risks Persist

    Author Photo

    Partner and associate mobility data from the fourth quarter of 2024 shows that we’re in a new, stable era of lateral hiring where firms have the edge, but leaders should proceed cautiously, looking beyond expected revenue and compensation analyses for potential risks, say Julie Henson and Greg Hamman at Decipher Investigative Intelligence.

  • Making The Opportunity Zones Program Great At Last

    Author Photo

    As the opportunity zone program approaches its expiration, the Republican-led government could take specific steps to extend and improve the program, address its structural flaws, encourage broader participation and enable it to live up to its promised outcomes, say attorneys at Pillsbury.

  • We Must Allow Judges To Use Their Independent Judgment

    Author Photo

    As two recent cases show, the ability of judges to access their independent judgment crucially enables courts to exercise the discretion needed to reach the right outcome based on the unique facts within the law, says John Siffert at Lankler Siffert & Wohl.

  • Preparing For Tariffs On Canadian Power In The Northeast

    Author Photo

    The on-again, off-again risk of import and export tariffs on energy transactions between the U.S. and Canada may have repercussions for U.S. energy stakeholders in the ISO New England and New York Independent System Operator electricity markets — but there are options that could help reduce cost impacts, say attorneys at Husch Blackwell.

Can't find the article you're looking for? Click here to search the Tax Authority Federal archive.