Federal

  • April 03, 2024

    Salesman Admits Lying To IRS In Tax Preparer's Refund Scam

    A timeshare salesman who benefited from a scheme that inflated tax refunds pled guilty to obstruction after lying to Internal Revenue Service agents who sought to collect his 2015 tax refund. 

  • April 03, 2024

    Fed. Circ. Backs Firing IRS Agent Who Golfed On Agency Time

    A former senior appraiser for the Internal Revenue Service was appropriately fired for golfing on company time, a federal appeals court affirmed Wednesday.

  • April 02, 2024

    Hunter Biden Can't Toss 'Vindictive' Criminal Tax Charges

    Hunter Biden lost his bid to end his criminal tax case over claims his prosecution is vindictive and politically motivated, among other arguments, after a California federal judge ruled Monday that Biden "filed his motion without any evidence" and merely "cites portions of various internet news sources, social media posts and legal blogs."

  • April 02, 2024

    Ex-Fuddruckers Franchisee Can't Use NOLs, 11th Circ. Affirms

    The U.S. Tax Court correctly ruled that the former owner of failing Fuddruckers franchises cannot deduct $1.8 million in carryover net operating losses because she did not show enough evidence she was entitled to the deductions, the Eleventh Circuit affirmed Tuesday.

  • April 02, 2024

    Challenges To IRS' Regs On SALT Cap Workarounds Tossed

    The Internal Revenue Service and the U.S. Treasury Department won't face challenges from three states and a village in New York to final regulations barring workarounds to the cap on state and local tax deductions due to a New York federal judge's decision.

  • April 02, 2024

    Feds Seek Use Of 'Intertwined' Evidence In NC Tax Fraud Trial

    Federal prosecutors have asked a North Carolina district court to permit tangential evidence in a tax fraud trial, saying that the evidence is "inextricably intertwined with the charged conduct" of two St. Louis attorneys and a North Carolina insurance agent.

  • April 02, 2024

    NJ Business Owner Charged With Tax Evasion, Failure To File

    A New Jersey fireproofing and painting business owner has been charged with 12 counts of failure to file tax returns and six counts of tax evasion, New Jersey federal prosecutors said.

  • April 02, 2024

    COVID Delay Makes Ohio Pair's Filing Timely, Tax Court Says

    The petition of an Ohio couple was timely filed because they were entitled to a 60-day postponement during the early days of the coronavirus pandemic, the U.S. Tax Court ruled Tuesday.

  • April 02, 2024

    Estate Owes $38K Tax Deficiency, 9th Circ. Affirms

    The estate of a woman whose trust transferred $1.06 million to her son before she died owes $38,000 in federal estate taxes because some transfers were loans to prop up his architecture practice, the Ninth Circuit affirmed.

  • April 01, 2024

    US Support For Pillar 1 Still In Question After House Inquiry

    U.S. lawmakers signaled that they think technical and other issues remain in the OECD's Pillar One taxing rights overhaul during a recent House subcommittee meeting, casting further doubt on the plan's implementation as the timeline to finalize it has slipped.

  • April 01, 2024

    Adviser Gets 4 Years For Fraud, Filing False Tax Returns

    An Indiana investment adviser was sentenced to four years in prison and ordered to pay $6.4 million in restitution for stealing $4.7 million from a client and filing false returns, the U.S. Department of Justice announced.

  • April 01, 2024

    Justices Won't Review Mortgage Vehicles' Tax Break

    The U.S. Supreme Court declined Monday to take up a case from a group of whistleblowers who pressed for an Internal Revenue Service review of tax-exempt status for real estate mortgage investment conduits.

  • April 01, 2024

    Feds Back Guilty Verdict After Software Execs' Tax Fraud Trial

    Federal prosecutors on Monday defended a jury verdict finding two former software executives in North Carolina guilty of failing to pay employment taxes, saying sufficient evidence supported their convictions.

  • April 01, 2024

    BakerHostetler Adds Partner To Tax Practice Group

    BakerHostetler's Washington office has added a partner from Morris Manning and Martin LLP to join its tax practice group, Baker said in a statement Monday.

  • April 01, 2024

    Baker Donelson Adds EY Tax Pro To Houston Office

    A former EY senior manager has joined Baker Donelson Bearman Caldwell & Berkowitz PC's tax group in Houston as counsel, the firm announced.

  • April 01, 2024

    Jailed Atty Pleads Not Guilty To Witness Tampering In Tax Case

    A Chicago-area lawyer facing more than a dozen criminal tax fraud charges pled not guilty Monday to superseding charges that he tried scripting a bookkeeper's anticipated testimony, but he'll have to wait to learn whether he'll remain jailed until his upcoming retrial.

  • April 01, 2024

    ​​​​​​​Texas Tax Man Gets 3 Years, Must Pay $6.7M For Fake Filings

    A Texas man who pled guilty to assisting with the preparation of false tax returns will serve three years in prison and pay restitution of $6.7 million, a Texas federal court ruled.

  • April 01, 2024

    Wis. Couple Must Pay $1.5M In Back Taxes, US Tells Court

    A Wisconsin federal court should force a couple who owe more than $1.5 million in back taxes to pay up, the U.S. government said.

  • March 29, 2024

    Petition Watch: Off-Label Ads, Retiree Discrimination & PPE

    A Utah attorney has asked the U.S. Supreme Court to determine whether allegedly retaliatory IRS summonses can be quashed, and two former pharmaceutical executives are challenging the constitutionality of their convictions for marketing the off-label use of a drug. Here, Law360 looks at recently filed petitions that you might've missed.

  • March 29, 2024

    100 Projects Get Share Of $4B In Advanced Energy Tax Credits

    More than 100 projects across 35 states received a share of the $4 billion in tax credit funding that incentivizes investment in new or refurbished facilities that manufacture critical products and materials that support the clean energy supply chain, the U.S. government announced Friday.

  • March 29, 2024

    APA Work Doubled In 2023, IRS Report Says

    The Internal Revenue Service finalized more than twice as many advance pricing agreements for U.S. multinational corporations in 2023 as in the previous year, according to an agency report released Friday.

  • March 29, 2024

    IRS Clarifies Low-Income Bonus Energy Credit Applications

    The Internal Revenue Service released guidance Friday on requirements and other application information for solar and wind project owners that want to apply for this year's bonus tax credit program for building their facilities in low-income communities.

  • March 29, 2024

    Senate Bill Seeks Credit For No-Emission Electric Lawn Tools

    A bill introduced Friday in the Senate would provide small businesses with a tax credit on the purchase of zero-emission electric landscaping equipment.

  • March 29, 2024

    Green Energy Credit Sales Spur Surge In Tax Insurance

    A new way for project owners to monetize clean energy tax credits by selling them for cash has turbocharged demand for insurance policies to cover various risks tied to the transactions, which can often be worth hundreds of millions of dollars.

  • March 29, 2024

    Tax Preparer Gets 30 Months For $780K COVID Aid Scheme

    A North Carolina tax preparer who fraudulently obtained $780,000 in pandemic relief loans and laundered money was sentenced in federal court to 30 months in prison and three years of supervised release, prosecutors announced.

Expert Analysis

  • 5 Reasons Associates Shouldn't Take A Job Just For Money

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    As a number of BigLaw firms increase salary scales for early-career attorneys, law students and lateral associates considering new job offers should weigh several key factors that may matter more than financial compensation, say Albert Tawil at Lateral Hub and Ruvin Levavi at Power Forward.

  • The Pop Culture Docket: Judge Djerassi On Super Bowl 52

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    Philadelphia Court of Common Pleas Judge Ramy Djerassi discusses how Super Bowl 52, in which the Philadelphia Eagles prevailed over the New England Patriots, provides an apt metaphor for alternative dispute resolution processes in commercial business cases.

  • Parsing Treasury's Proposed Clean Hydrogen Tax Credit Rules

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    Regulations recently proposed by the IRS and the U.S. Department of the Treasury concerning two types of tax credits for clean hydrogen production facilities should resolve many of the most pressing questions around qualification for the credits — albeit in a relatively stringent manner, say attorneys at Morgan Lewis.

  • Employee Experience Strategy Can Boost Law Firm Success

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    Amid continuing business uncertainty, law firms should consider adopting a holistic employee experience strategy — prioritizing consistency, targeting signature moments and leveraging measurement tools — to maximize productivity and profitability, says Haley Revel at Calibrate Consulting.

  • 6 Practice Pointers For Pro Bono Immigration Practice

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    An attorney taking on their first pro bono immigration matter may find the law and procedures beguiling, but understanding key deadlines, the significance of individual immigration judges' rules and specialized aspects of the practice can help avoid common missteps, says Steven Malm at Haynes Boone.

  • Lessons From Country Singer's Personal Service Saga

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    Recent reports that country singer Luke Combs won a judgment against a Florida woman who didn’t receive notice of the counterfeit suit against her should serve as a reminder for attorneys on best practices for effectuating service by electronic means, say attorneys at Jenner & Block.

  • 7 E-Discovery Predictions For 2024 And Beyond

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    The legal and technical issues of e-discovery now affect virtually every lawsuit, and in the year to come, practitioners can expect practices and policies to evolve in a number of ways, from the expanded use of relevancy redactions to mandated information security provisions in protective orders, say attorneys at Littler.

  • 5 Litigation Funding Trends To Note In 2024

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    Over the next year and beyond, litigation funding will continue to evolve in ways that affect attorneys and the larger litigation landscape, from the growth of a secondary market for funded claims, to rising interest rates restricting the availability of capital, says Jeffery Lula at GLS Capital.

  • Tech CEO Tax Ruling A Warning For Forward Contracts

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    In McKelvey v. Commissioner, the U.S. Tax Court decided that deceased Monster.com founder Andrew McKelvey terminated his underlying obligations when he extended variable prepaid forward contracts, demonstrating why startup founders, early employees and investors should think carefully before amending derivative agreements, say Daren Shaver and Trent Tanzi at Hanson Bridgett.

  • 4 Legal Ethics Considerations For The New Year

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    As attorneys and clients reset for a new year, now is a good time to take a step back and review some core ethical issues that attorneys should keep front of mind in 2024, including approaching generative artificial intelligence with caution and care, and avoiding pitfalls in outside counsel guidelines, say attorneys at HWG.

  • What The Law Firm Of The Future Will Look Like

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    As the legal landscape shifts, it’s become increasingly clear that the BigLaw business model must adapt in four key ways to remain viable, from fostering workplace flexibility to embracing technology, say Kevin Henderson and Eric Pacifici at SMB Law Group.

  • 4 PR Pointers When Your Case Is In The News

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    Media coverage of new lawsuits exploded last year, demonstrating why defense attorneys should devise a public relations plan that complements their legal strategy, incorporating several objectives to balance ethical obligations and advocacy, say Nathan Burchfiel at Pinkston and Ryan June at Castañeda + Heidelman.

  • Unpacking The Proposed Production Tax Credit Regulations

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    Recently proposed tax regulations for claiming the U.S. clean-energy manufacturers' production credit under Internal Revenue Code Section 45X are less stringent than many had feared but fail to define a fundamental eligibility requirement, say Casey August and Jared Sanders at Morgan Lewis.

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