1st Circ. Skeptical Of Legal Basis For IRS-ICE Data Sharing
The First Circuit repeatedly suggested during a hearing Wednesday that the Trump administration's use of a privacy exception in the tax code for criminal investigations to justify demanding tax records of noncitizens could allow it to target nearly anyone's private returns.
Okla. High Court Bars Property Tax Phaseout From Ballot
An Oklahoma ballot measure that proposed eliminating the state's ad valorem property tax by 2029 is unconstitutional and cannot appear on the November ballot, the state Supreme Court ruled.
Calif. Tribe Says Kalshi Evades Tribal Sports Betting Bans
A Southern California tribe warned the U.S. Supreme Court on Tuesday that a recent Third Circuit decision blocking New Jersey from enforcing its gambling laws against Kalshi could threaten tribes' exclusive rights to regulate gambling on their reservations.
1st Circ. Skeptical Of Legal Basis For IRS-ICE Data Sharing
The First Circuit repeatedly suggested during a hearing Wednesday that the Trump administration's use of a privacy exception in the tax code for criminal investigations to justify demanding tax records of noncitizens could allow it to target nearly anyone's private returns.
Okla. High Court Bars Property Tax Phaseout From Ballot
An Oklahoma ballot measure that proposed eliminating the state's ad valorem property tax by 2029 is unconstitutional and cannot appear on the November ballot, the state Supreme Court ruled.
Calif. Tribe Says Kalshi Evades Tribal Sports Betting Bans
A Southern California tribe warned the U.S. Supreme Court on Tuesday that a recent Third Circuit decision blocking New Jersey from enforcing its gambling laws against Kalshi could threaten tribes' exclusive rights to regulate gambling on their reservations.
Federal More
The U.S. government dropped its Federal Circuit appeal of a lower court's approval of $49.4 million in additional renewable energy cash grants for the country's second-largest wind farm, ending a 13-year dispu... (more story)
A Washington federal magistrate judge has thrown out a consumer's proposed class action accusing Amazon of charging too much Tennessee sales tax, finding Wednesday that the plaintiff had not shown the e-commer... (more story)
By better understanding neurodiversity and implementing simple accommodations for clients with autism, ADHD or learning differences, attorneys can build stronger relationships with those who may otherwise stru... (more story)
A former president of a nonprofit organization serving the Telugu community who falsified tax returns by reclassifying expenditures meant to reimburse donors as legitimate expenses pled guilty to conspiracy to... (more story)
The trust responsible for liquidating assets of the Silicon Valley Bank, which went into receivership in 2023, owes none of $41 million in assessed tax deficiencies and is due a $21.7 million refund, the IRS a... (more story)
A former Tennessee county commissioner was sentenced to two years in prison for evading taxes by failing to report to the IRS roughly $311,000 over five years in income derived from grants that the commission ... (more story)
The U.S. Supreme Court's decision upholding federal fines against wireless giants has no bearing on the government's appeal to reinstate the IRS' $1 million penalty against a woman for failing to follow her fo... (more story)
State & Local More
Buffalo Sues Feds Over NY Tribe's Land Sale's Status
The city of Buffalo is asking a New York district court to vacate the federal government's decision to place a 3.8-acre waterfront panel in a restricted fee status for the Seneca Nation of Indians that could r... (more story)
Ritz-Carlton Fights Condo $55M Property Tax Hike On Appeal
A Colorado Court of Appeals panel Wednesday probed whether 54 condominium units at the Ritz-Carlton should be valued as whole fee-simple units, or at a lower valuation to accommodate the fractional-ownership m... (more story)
Illinois Banking Brief: All The Notable Legal Updates In Q3
Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful Seventh Circuit decisions, and a high-profile constitutional challenge to the state's new digit... (more story)
Amazon Shoppers' Tariff Refund Suits Sent To Seattle As MDL
The Judicial Panel on Multidistrict Litigation has centralized a series of proposed class actions accusing Amazon of denying online shoppers tariff refunds, sending lawsuits filed in Florida, Michigan, New Yor... (more story)
Illinois' Curbs On Kalshi Sports Contracts Blocked For Now
An Illinois federal judge temporarily blocked the state from enforcing its gambling license requirements against Kalshi and Coinbase on Friday, saying that the companies' core sports betting contracts are like... (more story)
Bilzin Sumberg Expands Tax Practice With Nelson Mullins Atty
Bilzin Sumberg Baena Price & Axelrod LLP has expanded its tax and private wealth practice with the addition of a Miami-based partner from Nelson Mullins Riley & Scarborough LLP.
Minn. Court Wrong To OK Childcare Tax Break, County Says
A Minnesota childcare center missed a statutory filing deadline for a property tax break and thus should not be allowed the deduction, the state's largest county told the state Supreme Court, urging it to reve... (more story)
The city of Buffalo is asking a New York district court to vacate the federal government's decision to place a 3.8-acre waterfront panel in a restricted fee status for the Seneca Nation of Indians that could r... (more story)
A Colorado Court of Appeals panel Wednesday probed whether 54 condominium units at the Ritz-Carlton should be valued as whole fee-simple units, or at a lower valuation to accommodate the fractional-ownership m... (more story)
Recent banking developments in Illinois include significant new consumer protection legislation, three meaningful Seventh Circuit decisions, and a high-profile constitutional challenge to the state's new digit... (more story)
The Judicial Panel on Multidistrict Litigation has centralized a series of proposed class actions accusing Amazon of denying online shoppers tariff refunds, sending lawsuits filed in Florida, Michigan, New Yor... (more story)
An Illinois federal judge temporarily blocked the state from enforcing its gambling license requirements against Kalshi and Coinbase on Friday, saying that the companies' core sports betting contracts are like... (more story)
Bilzin Sumberg Baena Price & Axelrod LLP has expanded its tax and private wealth practice with the addition of a Miami-based partner from Nelson Mullins Riley & Scarborough LLP.
A Minnesota childcare center missed a statutory filing deadline for a property tax break and thus should not be allowed the deduction, the state's largest county told the state Supreme Court, urging it to reve... (more story)
International More
Bolt Refused Chance To Appeal £190M VAT Ruling
Ride-hailing giant Bolt said Thursday it was disappointed in the U.K. Supreme Court's refusal of the company's appeal over its claim to a value-added tax margin scheme to reduce an estimated liability of £190 ... (more story)
Ashfords Sued For Negligence Over Estate Planning Advice
A British baron has sued Ashfords LLP, alleging that the firm's negligent estate planning advice left his family with "a much greater" inheritance tax bill, and seeking up to £702,012 ($930,000) in damages.
USTR Probes EU Carbon Tax's Impact On US Trade
The U.S. is considering whether the European Union's carbon import tax and proposals to expand its scope harm American producers, the U.S. Trade Representative's Office said.
EU Lawmaker Warns Against Deleting Tax From Biz Proposal
A European Union proposal to boost entrepreneurship would be significantly undermined if its tax provisions are scrapped, a lead lawmaker said Wednesday, adding that such a decision could create a political de... (more story)
Hungary's Government Proposes 1% Wealth Tax
Hungary wants to levy an annual 1% wealth tax on fortunes above 1 billion Hungarian forints ($3.07 million) starting at the end of this year, roping in assets held abroad and those held by trusts, private foun... (more story)
Ireland Plans To Lift Threshold For Higher Tax Rate In Budget
The Irish government said Tuesday that it will increase a threshold at which a higher rate of income tax is due as part of its 2027 budget package.
Novel Strategy Prompted ETF Guidance, Treasury Atty Says
The U.S. Department of the Treasury's recent revenue ruling and notice cracking down on improper arrangements using legitimate exchange-traded fund conversions was a response to a marketed transaction that was... (more story)
Ride-hailing giant Bolt said Thursday it was disappointed in the U.K. Supreme Court's refusal of the company's appeal over its claim to a value-added tax margin scheme to reduce an estimated liability of £190 ... (more story)
A British baron has sued Ashfords LLP, alleging that the firm's negligent estate planning advice left his family with "a much greater" inheritance tax bill, and seeking up to £702,012 ($930,000) in damages.
The U.S. is considering whether the European Union's carbon import tax and proposals to expand its scope harm American producers, the U.S. Trade Representative's Office said.
A European Union proposal to boost entrepreneurship would be significantly undermined if its tax provisions are scrapped, a lead lawmaker said Wednesday, adding that such a decision could create a political de... (more story)
Hungary wants to levy an annual 1% wealth tax on fortunes above 1 billion Hungarian forints ($3.07 million) starting at the end of this year, roping in assets held abroad and those held by trusts, private foun... (more story)
The Irish government said Tuesday that it will increase a threshold at which a higher rate of income tax is due as part of its 2027 budget package.
The U.S. Department of the Treasury's recent revenue ruling and notice cracking down on improper arrangements using legitimate exchange-traded fund conversions was a response to a marketed transaction that was... (more story)