Featured Stories

State Corp. Tax Revenue Cooling After Years Of Growth

State corporate income tax revenue is declining in a majority of states this year, signaling that collections are ... (more story)

Energy Cash-Grant Case Casts Light On Investment Tax Credit

The U.S. Court of Federal Claims' long-awaited decision on a California wind farm's valuation for a now-defunct ca... (more story)

Meet The Attys Vying For Position 1 On The Wash. High Court

A civil rights litigator who left a top role at the Washington state attorney general's office last fall to step i... (more story)

Federal More

Senate Finance Committee Clears 4 Trump Treasury Picks

The Senate Finance Committee approved President Donald Trump's picks for four top positions at the U.S. Treasury Department in a series of party-line votes Thursday, sending their nominations to the full Senate.

Ga. Partnership Defends $53.9M Deduction In Easement Case

A Georgia partnership told the U.S. Tax Court that the IRS erred in denying its $53.9 million deduction for 243 acres donated to a conservation group in 2021, citing an exploration report that said the land co... (more story)

House Panel OKs Limits, Reporting For Tax-Exempt Orgs

The House Ways and Means Committee passed several bills Wednesday that would impose limits and reporting requirements on tax-exempt organizations, including legislation to require those organizations to report... (more story)

Coffee Co. Says Acquired Biz's Founder Hid Tax Designation

The founder of a Colorado coffee equipment provider induced a California coffee equipment manufacturer and its president to acquire the company by hiding its true tax designation on a loan application, the com... (more story)

Feds Ask Wash. Judge To Back Canadian's $700K FBAR Fines

A Canadian man living in the United States should remain on the hook for more than $700,000 in penalties for failing to report foreign bank accounts, the U.S. government told a Washington federal court, arguin... (more story)

Bipartisan Bill Would Tax And Regulate Hemp THC Products

Members of Congress on Wednesday unveiled a bipartisan bill to legalize, regulate and tax the manufacture and sale of hemp-derived cannabinoid products, while a federal ban on virtually all consumable hemp pro... (more story)

Trump's Expiring Global Tariff Is Valid, US Tells Fed. Circ.

President Donald Trump's temporary global tariff is lawfully authorized under a statute allowing the executive branch to address serious balance-of-payment deficits, a term that can easily be construed to incl... (more story)

State & Local More

Inside Differing State Approaches To Prediction Market Taxes

As states adopt divergent approaches to prediction market platforms through both legislation and litigation, and the landscape is anything but settled, the emerging patchwork of state taxes on prediction marke... (more story)

NY Panel Rejects Paychex Challenge To Apportionment Rules

Paychex can't proceed in state court with claims against New York tax rules that pertain to certain expense reimbursements to professional employer organizations, an appeals court ruled Thursday, saying it mus... (more story)

Mass. Court Affirms License Loss In Lotto Ticket Scheme

An intermediate appellate court in Massachusetts on Wednesday affirmed the permanent revocation of lottery sales licenses for two convenience store owners who allegedly played significant roles in a scheme to ... (more story)

Illinois Crypto Tax Unfairly Targets Traders, Suit Says

Illinois' new tax on cryptocurrency, the first in the nation, discriminates against those who trade in crypto and is illegal, a trade group argued in a complaint in a state court.

Mo. Historic Tax Credits Aren't Earned Income, Court Affirms

Historic tax credits received for rehabilitating a Missouri building are not considered income subject to St. Louis' earned income tax, a state appeals court affirmed.

Wis. Village Can't Void Tribal Land Trust Order, 7th Circ. Told

The U.S. Department of the Interior is asking the Seventh Circuit to reject a Wisconsin village's appeal that seeks to undo the agency's decision to place 500 acres into trust for the Oneida Nation, arguing th... (more story)

California Can't Move SunPower Tax Fight Out Of Ch. 11

A Delaware bankruptcy judge on Monday rejected a request by the state of California to transfer its tax audit dispute with solar panel company SunPower to a state administrative forum, keeping the matter in th... (more story)

International More

UK Lawmakers Call For Tax Cut For Hiring Young Workers

The U.K. government should cut payroll tax for employers that hire workers under 25 since more than 1 million young people are unemployed and outside of education or training, a parliamentary committee says in a report.

HMRC Investigating 13 Cos. For Failure To Prevent Tax Fraud

Britain's tax authority is carrying out 13 investigations into companies over allegations that they failed to prevent the facilitation of tax fraud, with dozens more under review after criticism that the tax a... (more story)

Nintendo Seeks Game Over For Tariff Refund Class Suit

A proposed class action looking to force Nintendo to reimburse customers for increased costs that were explicitly tied to President Donald Trump's now struck-down tariff regime should be handled in arbitration... (more story)

Trump Unveils 50% Canada Tariffs Over 'Trade Discrimination'

President Donald Trump Monday unveiled plans for 50% tariffs on a slew of Canadian products, including alcoholic beverages, dairy products and motor vehicles, pointing to "discriminatory treatment of U.S. comm... (more story)

DOJ Hints Russian Court Ruling May Not Stop $5B Award

The Trump administration on Monday urged the D.C. Circuit to closely evaluate a Russian court's determination that an underlying arbitration agreement is invalid as it weighs whether to enforce a nearly $5 bil... (more story)

Microsoft Hit With Tariff Refund Suit By Xbox Buyer

Microsoft Corp. stands to make an "unjustified windfall profit" through refunds of President Donald Trump's now-invalidated global tariff regime, according to a proposed consumer class action removed to Washin... (more story)

Canada Tax Court Rejects Panama Trust's Residency Claim

A Panamanian trust's deemed residency in Quebec under provincial law doesn't qualify it for an abatement of federal taxes because the trust wasn't a Quebec resident under federal law despite its "sympathetic c... (more story)