Featured Stories

Hungary's EU Leadership Could Slow Tax Progress

Hungary's six-month term leading meetings of European Union ministers could hinder progress toward agreement on ta... (more story)

Michigan's Cases To Watch 2024: A Midyear Report

Michigan's highest court is preparing to take on cases that could restore imperiled PFAS regulations, prevent empl... (more story)

3 Policies Tax Pros Want Congress To Pass This Year

As momentum around the House-passed tax break bill has fizzled and election season ramps up, tax experts hope lawm... (more story)

Federal More

11th Circ. Should Uphold Tax Court Protection, IRS Says

The Eleventh Circuit should uphold a U.S. Tax Court ruling that denied a widow tax relief and also rejected her claim that Tax Court judges have unconstitutional job protection, the Internal Revenue Service to... (more story)

Pension Plans Slam Biz Docs In $2B Danish Tax Fraud Case

Denmark's tax agency has produced experts who are relying on unauthenticated documents in litigation accusing U.S. pension plans of participating in a $2.1 billion fraud scheme, the pension plans claimed in ur... (more story)

Werfel Wants IRS to Help Eligible EITC Nonclaimaints

The Internal Revenue Service needs to do more to help people who are eligible for the earned income tax credit but don't claim it, Daniel Werfel, the agency's commissioner, said Monday.

Kyocera Failed To Back R&D Credits With Records, US Says

Multinational electronics maker Kyocera AVX Components Corp. failed to back up its claim to research tax credits with the required paperwork, the U.S. government told a South Carolina federal court in asking i... (more story)

Partnership Protests IRS' Reasons For $84M Deduction Denial

The Internal Revenue Service wrongly denied a partnership's charitable contribution deduction of nearly $84 million for a donated conservation easement for reasons including the partnership failing to demonstr... (more story)

Attorney Denied Separate Trial In $2.1B Danish Tax Fraud

An attorney facing trial alongside his clients for alleged ties to a $2.1 billion Danish tax fraud has been denied a separate hearing by a New York federal court, which remained unconvinced that his co-workers... (more story)

Taxation With Representation: A&O Shearman, Gibson Dunn

In this week's Taxation With Representation, Cleveland-Cliffs Inc. buys Stelco Holdings Inc., KBR acquires LinQuest Corp., Blue Owl Capital Inc. purchases Atalaya Capital Management LP, and Amphenol Corp. buys... (more story)

State & Local More

Miss. Justices To Weigh Pipeline's Tax Bill On 3rd-Party Fees

The Mississippi Supreme Court agreed to hear the state tax agency's appeal of a trial court's ruling that negated a use tax assessment on third-party freight charges a pipeline company paid, opting to decide t... (more story)

Neb. Gov. Unveils Plan For Property Tax Cuts

Nebraska's governor on Thursday revealed a plan to cut property taxes ahead of a special session of the state Legislature, proposing a hard cap on property tax increases and the elimination of over a hundred s... (more story)

Ex-Venable Trusts And Estates Partner Joins Stradling In LA

Stradling Yocca Carlson & Rauth PC announced that it launched a trusts and estates practice with the hiring of an experienced Los Angeles-based partner from Venable LLP.

Rising Star: Latham's Eric Kamerman

Eric Kamerman of Latham & Watkins LLP in recent years handled the tax aspects of several multibillion-dollar acquisitions of powerhouses in British soccer and American fashion, earning him recognition as one o... (more story)

Dividends Wrongly Included, Water Utility Tells NJ Tax Court

A water services company operating in New Jersey told the state's tax court that the Division of Taxation erred in denying its attempt to exclude $25 million in intercompany dividends for tax years 2017 and 20... (more story)

Disney To Join IBM's Bid To Bring NY Tax Fight To Justices

The Walt Disney Co. joined IBM in asking the U.S. Supreme Court for more time to file a petition for review of a New York high court decision that upheld tax on royalties received from foreign affiliates.

Connell Foley Adds Wilson Elser Tax Pro In Group Upgrade

Connell Foley LLP strengthened its tax and estate team this week with the promotion of several attorneys up to partner and the addition of a mergers and acquisitions and corporate restructuring tax expert prev... (more story)

The Tax Angle: Child Care, Medical Debt, Small Biz Relief

As talks take place on Capitol Hill over the impact the expiration of the Tax Cuts and Jobs Act will have on small businesses and child care, here's a peek into a reporter's notebook on a few developing tax stories.

Wayfair, Colo. City Agree To Dismiss Sales Tax Suit

Wayfair and a Colorado city have agreed to end a suit by the home furnishings retailer over past sales taxes, stipulating a dismissal of all claims between the parties in state district court.

International More

EU Parliament's New Tax Group Head Has Eye On Evasion

The newly elected chair of the European Parliament's subcommittee on tax affairs said Tuesday that a major committee goal would be to examine the issue of tax fraud and evasion at a multinational level.

HMRC Wins Appeal Over Taxation Of Partnership Rewards

Financial rewards from a partnership were taxable as income even though they were made at the partnership's total discretion and the partners had no legally enforceable right to receive them, a London court ru... (more story)

Gov't Floats Draft Proposal For OBR 'Fiscal Lock' Powers

HM Treasury proposals for a new "fiscal lock" in a draft Budget Responsibility Bill will allow the Office for Budget Responsibility to scrutinize any tax-and-spend decisions with a cost factor of 1% of gross d... (more story)

Treasury Starting To Address Amount B, Official Says

The U.S. Department of the Treasury is just starting to decide how to handle a transfer pricing regime under a prong of the OECD-led global tax overhaul, a Treasury official said Thursday.

Tax Pros Say Gov'ts Stretching 'Realistic Alternative' Analysis

Tax authorities including the Internal Revenue Service are overstepping in their use of "realistic alternative" arguments, substituting their own judgment for that of businesses, transfer pricing specialists said Thursday.

GE Can't Claim Credit For £189M In Double Tax, Court Says

A U.K.-registered subsidiary of General Electric does not qualify for at least £189 million ($245 million) in double tax relief under a U.S.-U.K. treaty because it lacks a U.S. presence akin to a domicile, a L... (more story)

Much Of Pillar 1 Treaty Agreed On, OECD Official Says

Agreement has been reached on the bulk of a multilateral pact to implement new taxing rights that are part of a revamp of the international tax system and on expansions to a part of the taxing rights plan, an ... (more story)