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NYC Real Estate Week In Review

Cole Schotz and Fried Frank are among the law firms that landed work on the largest New York City real estate deal... (more story)

Omnibus Tax Bill Holds Key Developments For North Carolina

North Carolina's omnibus tax bill, signed July 2 by Democratic Gov. Josh Stein, went beyond federal tax conformity... (more story)

Int'l Tax In July: New UK PM, Win For Denmark, US Tariff Pivot

New leadership in the U.K. comes with the possibility of higher tax rates for some businesses in light of Prime Mi... (more story)

Federal More

IRS Nix Of $55M Easement Deduction Invalid, Donor Says

A Georgia partnership asked the U.S. Tax Court to reverse an IRS adjustment that disallowed a roughly $55 million deduction for its donation of a conservation easement, contending the agency's "arbitrary" deni... (more story)

How To Handle Section 301 Tariffs When CBP Detains Goods

Importers subject to Section 301 tariffs on goods under a U.S. Customs and Border Protection forced labor hold should consider three approaches when deciding whether to pay tariffs on goods that may ultimately... (more story)

IRS Staff Cuts Led To Longer Wait Times, GAO Says

Workforce reductions at the Internal Revenue Service led to longer processing times for paper returns, fewer calls answered and longer phone wait times during the 2026 tax filing season, the U.S. Government Ac... (more story)

Balch & Bingham Wants Chrisleys' Malpractice Suit Dismissed

Balch & Bingham LLP has moved to dismiss a malpractice complaint from reality television stars Todd and Julie Chrisley, who were pardoned by President Donald Trump in May 2025 after serving over two years in p... (more story)

Rising Star: Latham's Christine Mainguy

Christine Mainguy of Latham & Watkins LLP led sports live-streaming television service Fubo TV's tax team in its acquisition by Disney and advised Skechers on tax matters in its $9.4 billion private acquisitio... (more story)

Partnership Defends $43M Easement Deduction To Tax Court

The IRS improperly denied an Alabama-based partnership a $43.1 million deduction it claimed for a noncash charitable contribution related to a conservation easement, the partnership told the U.S. Tax Court, di... (more story)

Feds Propose Regs On Trump Account Income Exclusion

The U.S. Treasury Department and IRS proposed regulations Monday on how employers can contribute to Trump Accounts, the new tax-advantaged brokerage accounts for children, along with guidelines on how to apply... (more story)

State & Local More

Professor Asks NY High Court To Hear Remote Work Tax Fight

A professor asked New York's highest court to hear his challenge to the state's tax on remote work that he conducted from his home in Connecticut, arguing New York's policy violated the U.S. Constitution's due... (more story)

NYC Homeowners Say City Flubbed 2nd Home Tax Launch

A trio of New York City homeowners sued over the city's implementation of the "pied-à-terre" tax on certain second NYC homes, claiming the city shouldn't have made their names and addresses public, and also wr... (more story)

Wash. AG's 'Neutral' Income Tax Repeal Description Can Stand

Washington's descriptions of a November ballot measure that would repeal a recently passed income tax on individual earnings over $1 million will remain largely unchanged despite pushback from activists, accor... (more story)

Judge Pans Atty's Effort To Sink Partnership's Tax Scam Suit

A precious metals partnership and its members should be allowed to pursue their suit alleging an attorney and others conspired to bilk them out of $12 million while advocating an unlawful tax strategy, a Color... (more story)

Slapping Back When A State Tax Overreaches: SALT In Review

From Apple's big win against a Nebraska tax assessment to a constitutional matter in Oregon, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

Taxation With Representation: Slaughter And May, Covington

In this week's Taxation With Representation, U.K. real estate investment trust Segro's board agrees to a share offer from U.S. rival Prologis with a partial cash alternative, Curium acquires fellow radiopharma... (more story)

Ga. Drops Uber Tax Appeal After State High Court Loss

Georgia's tax agency and Uber have settled their dispute over whether the ride-hailing company was required to collect and remit millions in sales taxes on behalf of drivers and customers who used its app befo... (more story)

International More

2 Suspects In €33M VAT Fraud Put Under House Arrest In Italy

Two people suspected of conducting a €33 million ($38 million) value-added tax fraud in Italy by importing clothes from China have been placed under house arrest, European Union prosecutors said Monday.

Senate Clears Russia Sanctions Bill With New Tariff Authority

The U.S. Senate approved legislation Friday that would enhance President Donald Trump's economic tools to pressure Russia, including new tariff authorities that raised concerns for Democratic lawmakers.

Nations Defend UN Tax Pact Requiring Treaty Renegotiations

The idea of creating an obligation to renegotiate tax treaties so they align with the United Nations framework convention on international tax cooperation is receiving support among some member states, accordi... (more story)

Tax Uncertainty Caused UK Stock Selloff, Report Says

Uncertainty over the future of U.K. tax policy under Prime Minister Andy Burnham has driven a stock selloff, global funds network Calastone said in a report.

French MP Wants New Cigarette Tax To Fund Wildfire Fight

A French politician is calling for a new tax on cigarette sales to finance firefighting efforts amid a series of extreme wildfires in the country.

Africa Wants Majority Voting For Future UN Tax Pact Decisions

The African Group wants simple majority voting for decisions by governments that ratify the proposed United Nations Framework Convention on International Tax Cooperation, a representative said Thursday.

CIT Judge Confused By Gov't Objection To Tariff Refund Class

A U.S. Court of International Trade judge repeatedly expressed confusion Thursday over the federal government's objection to the certification of a class of importers seeking refunds of President Donald Trump'... (more story)