An Illinois federal judge's decision to impose a 10-year prison sentence on a man for his role in a $14 million fraud scheme where he took kickbacks for preparing false applications for pandemic-era Paycheck P... (more story)

The Trump administration has told a D.C. federal judge there's no basis to sustain a lawsuit challenging an IRS notice eliminating a safe harbor test that wind and solar projects could use to qualify for clean... (more story)

The U.S. Tax Court is not authorized to examine and change marijuana's controlled substance status, the Internal Revenue Service said, rebuking a bid from a New Mexico dispensary operator seeking relief from a... (more story)

The justices' varied opinions in Learning Resources v. Trump, which held the International Emergency Economy Powers Act did not confer the power to impose tariffs, offer a meaningful window into the U.S. Supre... (more story)

The U.S. economy could face damaging consequences if the Third Circuit upholds a U.S. Tax Court decision finding a Cayman Islands hedge fund liable for a $100 million tax bill as a securities dealer, a private... (more story)

A former Moses & Singer LLP partner admitted to practice in New York and North Carolina courts has pled guilty to three counts of failing to file personal income tax returns and will pay $2.8 million in restit... (more story)

The U.S. Tax Court should have considered a partnership's appraisal before rejecting its claim to a nearly $12 million tax deduction for a conservation easement donation, the partnership told the Tenth Circuit... (more story)

Colorado would decouple from four corporate tax changes in the federal budget bill enacted last year and use the added revenue for an expanded family tax credit under legislation advanced by a state House panel.

Colorado would limit its corporate tax deduction for the salaries of top executives and reduce the state's net operating loss deduction while extending a family tax credit under legislation advanced by a House panel.

In Illinois Bankers Association v. Raoul, an Illinois federal court upheld the state's ban on credit and debit card swipe fees on tax and tip payments, while permanently enjoining the statute's data usage limi... (more story)

Budget proposals put forward by New York State Senate and Assembly Democrats would raise income tax rates on high-income earners and corporations, steeper increases than under Gov. Kathy Hochul's proposed budget plan.

Alston & Bird LLP announced on Tuesday that it has welcomed a tax attorney from Proskauer Rose LLP, saying that his hire will benefit its transactional team and its private equity clients.

Fabletics, the activewear company cofounded by actress Kate Hudson, faces a proposed class action from customers who say the company passed the cost of President Donald Trump's illegal 2025 tariffs onto custom... (more story)

Ohio conformed to a host of new federal tax breaks under a bill the governor signed that took immediate effect and will apply to this year's tax season.

The Tax Court of Canada backed Exxon Mobil's bid for a CA$36.2 million ($26.7 million) income deduction for expenses tied to an abandoned Alaskan pipeline project, holding that the company incurred the costs w... (more story)

A more lenient application of the European Union's carbon leakage tax in the bloc's outermost regions would risk tax evasion, Portugal's finance minister said during a meeting to discuss the bloc's economic agenda.

The Second Circuit on Monday revived a $5.5 million contractual dispute against Argentina, ruling that a New York state COVID-19 policy saved some bondholder claims from being time-barred.

An Irish mining company said Monday it's considering international arbitration for a dispute with the Mozambique Tax Authority over the agency's imposition of higher royalties during negotiations on renewing a... (more story)

A Washington, D.C., federal judge agreed to let litigation funder Omni Bridgeway seize assets belonging to the Albanian government as it looks to enforce an arbitral award now worth some $13 million that the c... (more story)

A property fund's appeal against the U.K. tax authority's decision to reject its claim to £5.2 million ($6.96 million) in tax relief for the cost of renovating a hotel near London Luton Airport was dismissed b... (more story)

U.S. Customs and Border Protection no longer needs to immediately refund Trump administration tariffs that were struck down by the U.S. Supreme Court after the U.S. Court of International Trade loosened a prev... (more story)