Federal

  • April 10, 2025

    Senate Bill Would End Declared Emergency Behind Tariffs

    A bill introduced Thursday in the Senate would end the national emergency declared by President Donald Trump to underpin the global tariff regime he unveiled last week, with Sens. Rand Paul, R-Ky., Ron Wyden, D-Ore., and Chuck Schumer, D-N.Y., among the sponsors.

  • April 10, 2025

    Tax Court Allows Deduction For Arrest Injury Settlement

    Part of a man's $35,000 settlement payment from a Massachusetts town following his claim that he was hurt during his arrest and incarceration on charges of domestic assault is deductible as damages paid for physical injuries, the U.S. Tax Court said Thursday.

  • April 10, 2025

    Trump's Int'l Trade Pick Says Tech Deals Sought In Tariff Talks

    President Donald Trump could look to prioritize and coordinate tech investments with countries approaching the U.S. to strike a deal to avoid higher tariff rates currently suspended, Trump's pick to lead international trade at the U.S. Department of Commerce said Thursday.

  • April 10, 2025

    Trump Treasury Pick Defends Favorable Tax Cut Rating

    President Donald Trump's pick for assistant Treasury secretary for tax policy defended the use of a favorable way to determine how much it would cost to make the 2017 Tax Cuts and Jobs Act permanent, saying Thursday it was consistent with the scoring of other budget bills.

  • April 10, 2025

    IRS-ICE Deal Could Cost $25B In Tax Revenue, Report Says

    The Internal Revenue Service's agreement to share the taxpayer records of certain non-U.S. citizens with immigration enforcement authorities could lead to a $25 billion loss in tax revenue in 2026, according to research from Yale University.

  • April 10, 2025

    Sullivan & Worcester Hires Fried Frank REIT Tax Pro

    Sullivan & Worcester LLP announced Thursday that it has hired a Fried Frank Harris Shriver & Jacobson LLP partner, noting that the attorney comes to the firm with deep real estate investment trust tax expertise.

  • April 10, 2025

    Dechert Tax Pro Jumps To Whiteford In NY

    Whiteford Taylor & Preston LLC has added an experienced transactional tax attorney from Dechert LLP as a partner to its practice in New York, the firm announced.

  • April 10, 2025

    IRS Microcaptive Rules Face Challenge By Familiar Foe

    A microcaptive insurance advisory firm that persuaded a Tennessee federal court to vacate an IRS notice imposing reporting requirements challenged the agency's new rules on the in-house arrangements, asking the same court to set aside the regulations for being just as onerous as the previous ones.

  • April 10, 2025

    Vietnam, US Begin Trade Deal Negotiations, Hanoi Says

    Vietnam and the United States have started negotiations on a trade deal after the Vietnamese government said it was prepared to eliminate all tariffs on U.S. goods, Hanoi said Thursday.

  • April 10, 2025

    EU Delays Tariffs After Trump's 90-Day Hold

    The European Union will delay tariffs on U.S. goods following President Donald Trump's decision to hold off on imposing them on European goods for 90 days, the president of the European Commission said Thursday.

  • April 10, 2025

    House Passes Budget Blueprint With Permanent Tax Cuts

    The House of Representatives passed the Senate's amendment to the lower chamber's budget bill Thursday, setting the stage for a permanent extension of the tax breaks in the 2017 Tax Cuts and Jobs Act and up to $1.5 trillion in other tax cuts.

  • April 09, 2025

    Tax Court Restores $74M In Deductions For Met Donations

    A philanthropist can take nearly $74 million in charitable tax deductions for paintings he donated to the Metropolitan Museum of Art, even though the values were determined by an unqualified appraiser, the U.S. Tax Court ruled Wednesday in restoring a tax break denied by the IRS.

  • April 09, 2025

    3rd Circ. Affirms NJ CPA's Tax Bill Over Rehashed Arguments

    The U.S. Tax Court correctly determined that a New Jersey certified public accountant owed roughly $23,000 in federal income taxes, rejecting his previously deemed frivolous arguments that he was actually owed $30,000 in refunds, the Third Circuit said Wednesday.

  • April 09, 2025

    Trump Halts Reciprocal Tariffs For 90 Days, Ups China Rates

    President Donald Trump has ordered a 90-day pause on reciprocal tariffs for certain countries hours after they took effect, except for China, whose imports he said now face an increased tariff of 125%, according to a Wednesday social media post.

  • April 09, 2025

    IRS Acting Chief To Stay On Through Mid-May, Treasury Says

    The Internal Revenue Service's interim leader, Melanie Krause, will stay at her post through May 15, the U.S. Treasury Department said Wednesday, after she and other officials reportedly said they would resign following an IRS agreement to share taxpayer information with immigration enforcement agencies.

  • April 09, 2025

    Canada Retaliates With 25% Tariffs On US Cars And Parts

    Canada began slapping 25% tariffs on American cars and parts Wednesday as retaliation against tariffs on Canadian products implemented by President Donald Trump, the country's Department of Finance announced.

  • April 09, 2025

    Denial Of Child Tax Credit For Mother Upheld By Tax Court

    A Florida woman is not entitled to claim a child who lived with her ex-husband as a dependent, nor can she claim the associated child tax credit, since her ex also claimed the child, the U.S. Tax Court said Wednesday.

  • April 09, 2025

    Eaton Asks To Redact Docs Before Court Review Of Tax Case

    Multinational power company Eaton Corp. asked an Ohio district court to allow it to redact information related to employees' sexual orientation and religious beliefs before the court's Sixth Circuit-ordered review of their records, saying such information isn't relevant to its transfer pricing dispute.

  • April 09, 2025

    EU Votes To Hike Levies In Response To US Metal Tariffs

    The European Union approved raising tariffs on U.S. goods in response to President Donald Trump's tariffs on steel and aluminum imposed in March, although the bloc has not yet made public the final list of products affected.

  • April 09, 2025

    IRS Claim Of Lost Records Not Fraud, DC Circ. Told

    The D.C. Circuit should uphold a finding that the Internal Revenue Service did not commit fraud when it said that two boxes of records were lost when it responded to requests for documents underlying a businessman's $18 million tax judgment, the government argued Wednesday.

  • April 08, 2025

    Feds Call Exec Charged With Tax Evasion A Flight Risk

    An aerospace company founder facing tax evasion and other fraud charges should remain in pretrial detention because he's a major flight risk, prosecutors told a D.C. federal court.

  • April 08, 2025

    Boston Pol To Resign After Admitting Kickback Scheme

    A Boston city councilor said Tuesday she will resign from her position, after agreeing to plead guilty to using taxpayer funds in a bonus-kickback scheme that involved a secretive $7,000 cash handoff in a City Hall bathroom.

  • April 08, 2025

    GOP, Panelists Urge Estate Tax Repeal As Aid For Small Biz

    Congress should impose additional tax relief, including repealing the estate tax, in addition to extending the Tax Cuts and Jobs Act's expired and expiring provisions this year, Republicans and several witnesses said during a hearing held by House and Senate committees Tuesday.

  • April 08, 2025

    IT Staffing Co. CEO Charged With $2M Payroll Tax Fraud

    The chief executive officer of a Philadelphia-area information technology staffing firm was charged with failing to collect and pay $2 million in trust fund taxes on behalf of his company and also perjuring himself in his Chapter 13 bankruptcy proceedings.

  • April 08, 2025

    Tax-Dodging Ex-Software Exec Denied Bond Pending Appeal

    A former software executive sentenced to a year in prison for failing to pay over $600,000 in employment taxes in the years before his company failed cannot remain free on bond while he appeals his conviction, a North Carolina federal judge said Tuesday.

Expert Analysis

  • Notable Q4 Updates In Insurance Class Actions

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    In a continuation of trends in property and casualty insurance class actions, last quarter insurers struggled with defending the merits and class certification of sales tax and fee suits, and labor depreciation cases, but succeeded in dismissing privacy class actions at the pleading stages, says Mathew Drocton at BakerHostetler.

  • Attorneys Must Act Now To Protect Judicial Independence

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    Given the Trump administration's recent moves threatening the independence of the judiciary, including efforts to impeach judges who ruled against executive actions, lawyers must protect the rule of law and resist attempts to dilute the judicial branch’s authority, says attorney Bhavleen Sabharwal.

  • Rethinking 'No Comment' For Clients Facing Public Crises

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    “No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van Allen.

  • How Design Thinking Can Help Lawyers Find Purpose In Work

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    Lawyers everywhere are feeling overwhelmed amid mass government layoffs, increasing political instability and a justice system stretched to its limits — but a design-thinking framework can help attorneys navigate this uncertainty and find meaning in their work, say law professors at the University of Michigan.

  • Justices' Certiorari Denial Leaves Interstate Tax Questions

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    Since the U.S. Supreme Court recently declined to review a Philadelphia resident’s claim that her Delaware state income taxes should be credited against her city wage tax liabilities, constitutional questions about state and local tax distinctions linger, and some states may continue to apply Supreme Court precedent differently, say attorneys at Dentons.

  • Corp. Transparency Act's Future Under Treasury's Bessent

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    The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.

  • A Look At A Possible Corporate Transparency Act Exemption

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    Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.

  • Inconsistent Injury-In-Fact Rules Hinder Federal Practice

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    A recent Third Circuit decision, contradicting a previous ruling about whether consumers of contaminated products have suffered an injury in fact, illustrates the deep confusion this U.S. Supreme Court standard creates among federal judges and practitioners, who deserve a simpler method of determining which cases have federal standing, says Eric Dwoskin at Dwoskin Wasdin.

  • In-House Counsel Pointers For Preserving Atty-Client Privilege

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    Several recent rulings illustrate the challenges in-house counsel can face when attempting to preserve attorney-client privilege, but a few best practices can help safeguard communications and effectively assert the privilege in an increasingly scrutinized corporate environment, says Daniel Garrie at Law & Forensics.

  • Emerging Energy Trends Reflect Shifting Political Landscape

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    As the Trump administration settles in, some emerging energy industry trends, like expanded support for fossil fuel production, are right off of its wish list — while others, like the popularity of Inflation Reduction Act energy tax credits, and bipartisan support for carbon capture, reflect more complex political realities, say attorneys at Greenberg Traurig.

  • Tax-Free Ways To Help Employees After The LA Wildfires

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    Following the recent wildfires in Los Angeles, there are various tax-free ways to give employees the resources and flexibility they need, including simpler methods like disaster relief payments under Internal Revenue Code Section 139 and leave-sharing programs, and others that require more planning, says Ligeia Donis at Baker McKenzie.

  • Judge Should Not Have Been Reprimanded For Alito Essay

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    Senior U.S. District Judge Michael Ponsor's New York Times essay critiquing Supreme Court Justice Samuel Alito for potential ethical violations absolutely cannot be construed as conduct prejudicial to the administration of the business of the courts, says Ashley London at the Thomas R. Kline School of Law of Duquesne University.

  • Lights, Camera, Ethics? TV Lawyers Tend To Set Bad Example

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    Though fictional movies and television shows portraying lawyers are fun to watch, Hollywood’s inaccurate depictions of legal ethics can desensitize attorneys to ethics violations and lead real-life clients to believe that good lawyers take a scorched-earth approach, says Nancy Rapoport at the University of Nevada, Las Vegas.

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