Featured Stories

Pa. Supreme Court Snapshot: Judge's Side Gig Vexes Tax Row

In its first argument session of 2024, the Supreme Court of Pennsylvania will once again have seven justices on th... (more story)

Easement Cases To Put IRS-Hired Appraisers Under Scrutiny

Some partnerships challenging the denial of tax deductions for conservation easement donations are mounting a new ... (more story)

Stalled Pillar 1 Raises Specter Of EU Digital Tax

The stalling at the international level of a redistribution of taxing rights known as Pillar One is raising questi... (more story)

Federal More

How New EU Tax And Transfer Pricing Rules May Affect M&A

Companies involved in mergers and acquisitions may need to adjust fiscal due diligence procedures to ensure they consider potential far-reaching effects of newly implemented transfer pricing measures, such as ... (more story)

Employers, Prep For Shorter Stock Awards Settlement Cycle

Companies that provide equity compensation in the form of publicly traded stock will soon have one less day to complete such transactions under U.S. Securities and Exchange Commission and Nasdaq rules — so emp... (more story)

Former IRS Commissioner Joins Chamberlain Hrdlicka

Former IRS Commissioner Charles "Chuck" Rettig joined Chamberlain Hrdlicka White Williams & Aughtry as a shareholder in Los Angeles, following in the footsteps of his former acting chief of staff, whom the fir... (more story)

1st Circ. Grapples With Crypto Exchange Tax Doc. Seizure

First Circuit judges grappled Monday with an investor's claim that the IRS violated his privacy and property rights when it seized his account records from cryptocurrency exchange Coinbase, trying to establish... (more story)

Trump's Former Finance Chief Pleads Guilty To Perjury

Allen Weisselberg, the longtime former financial chief of Donald Trump's real estate business empire, admitted Monday to lying under oath in the New York attorney general's civil fraud case as part of a plea d... (more story)

Demystifying IRS' Claims Of $851B Return On Investment

The IRS' recently released analysis, estimating a $851 billion return on the government’s $80 billion investment in the agency, represents a huge increase over its 2022 estimate and that of the Congressional B... (more story)

IRS Turning To Experts, AI For Complex Returns, Werfel Says

The Internal Revenue Service is using a blend of newly hired subject-matter experts and artificial intelligence technology to increase scrutiny of complex tax returns filed by wealthy corporations and individu... (more story)

State & Local More

Pa. Justices Shouldn't Take Up 'Jock Tax' Case, Players Say

The Pennsylvania Supreme Court should not accept Pittsburgh's request for review of a state Commonwealth Court decision ending the city's fee on nonresident professional athletes, a group of pro sports players... (more story)

Wis. Gov. Vetoes GOP Income Tax Cut Proposal, Again

A proposal by Wisconsin Republicans to expand the range of income subject to the state's second-lowest tax bracket was vetoed by the Democratic governor, with Republicans expressing frustration over the govern... (more story)

Court Urged To Act Quickly On Dispute Over Ariz. Tax Rebates

Arizona taxpayers will suffer irreparable harm if the state's lawsuit against federal taxation of Arizona tax rebates is not heard during the current tax filing season, the state told a federal court.

How Firms Can Ensure Associate Gender Parity Lasts

Among associates, women now outnumber men for the first time, but progress toward gender equality at the top of the legal profession remains glacially slow, and firms must implement time-tested solutions to en... (more story)

House Tax Panel To Prep Members On OECD Pillar 1

Neither Republicans nor Democrats on the House Ways and Means Committee have opined much about the OECD profit reallocation plan known as Pillar One, but they will gain valuable information during an upcoming ... (more story)

Taxation With Representation: Pillsbury, Cleary Gottlieb

In this week's Taxation with Representation, First Advantage Corp. acquires Sterling Check Corp., International Game Technology spins off two subsidiaries, Disney merges its media operations in India with Reli... (more story)

Verizon's Fla. Tax Deductions Expired, Appeals Court Rules

Verizon is barred from claiming tax deductions in Florida from net operating losses on businesses it acquired more than 20 years ago, and federal tax mitigation provisions that could allow the company to sides... (more story)

Local Gov't Reps Urge Mass. Lawmakers To Raise Tax Ceilings

Massachusetts cities and towns should have the option of boosting their taxes on meals and lodging and imposing a new vehicle surtax, representatives of local jurisdictions told a state legislative panel Thurs... (more story)

NY Shouldn't Pair 421-a Restoration And Good Cause Eviction

The good cause eviction system of rent control should not be imposed in New York, nor should its legislation be tied to renewal of the 421-a tax abatement program, which New York City desperately needs, says A... (more story)

International More

Indian Cell Provider Not Responsible For Withholding Taxes

A cellphone service provider is not responsible for withholding taxes on the income earned by its distributors, the Indian Supreme Court ruled.

Global Wealth Tax Plan Could Mirror Pillar 2, G20 Told

A global minimum wealth tax featuring a top-up tax and enforcement system similar to the global minimum tax on corporations would reduce the ability of very wealthy individuals to avoid the measure by relocati... (more story)

Biz Owner's $2.4M FBAR Dispute Paused For Mediation

The U.S. government and a retired plumbing business owner mutually agreed to a 90-day stay of their $2.4 million tax dispute over foreign bank account reporting while they try to mediate a solution, a Georgia ... (more story)

HMRC Uncovers Complex Offshore Tax Avoidance Scheme

The U.K. tax authority said Thursday that it had exposed a complex tax avoidance scheme operating through a Singapore-based company.

7 Common Myths About Lateral Partner Moves

As lateral recruiting remains a key factor for law firm growth, partners considering a lateral move should be aware of a few commonly held myths — some of which contain a kernel of truth, and some of which are... (more story)

Amgen Seeks Dismissal Of Investor Action Over $11B Tax Bill

Amgen had no obligation to disclose specific amounts of proposed adjustments to its taxes, the company told a New York federal court as it again demanded dismissal of a proposed class action alleging the compa... (more story)

G20 To Talk Global Minimum Wealth Tax At Brazil's Behest

The Group of 20 nations' finance ministers and central bank governors will hear proposals for a global minimum tax on wealth Thursday, Brazil's finance minister said Wednesday while expressing support for the ... (more story)