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Federal
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May 21, 2026
Trade Court Won't Pause Tariff Ruling During US Appeal
The U.S. Court of International Trade won't stay its ruling blocking the collection of temporary global duties for two businesses and the state of Washington while the federal government appeals the judgment to the Federal Circuit, according to an opinion.
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May 21, 2026
IRS Offers Broker-Dealers Additional Compliance Option
Broker-dealers holding custody of retirement accounts can follow the U.S. Securities and Exchange Commission's asset and customer protection rules as another approach to comply with nonbank trustee rules, the IRS said in guidance released Thursday.
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May 20, 2026
Nearly 28M Claim Overtime Deduction, House GOP Says
House Republicans touted results of tax provisions included in last year's budget bill during a House Ways and Means Committee hearing Wednesday, saying that almost 28 million Americans claimed the new tax deduction for overtime pay.
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May 20, 2026
IRS Extends Deadline For Long-Term Care Distributions
The IRS extended the deadline for sponsors of certain defined contribution retirement plans to amend the plans to allow qualified long-term care distributions, according to guidance released Wednesday.
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May 20, 2026
FERC Erred Over Utility's Tax Deferral Method, DC Circ. Told
Wholesale transmission customers of American Electric Power Co. Inc. units told the D.C. Circuit this week that the Federal Energy Regulatory Commission wrongly allowed the utility giant to depart from an established method to allocate carried-forward tax allowances, increasing those customers' rates.
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May 20, 2026
Trump-IRS Settlement A 'Corrupt Sham,' Capitol Cops Say
The settlement of President Donald Trump's $10 billion tax leak suit against the Internal Revenue Service — creating a $1.8 billion "anti-weaponization fund" — is a "corrupt sham," a pair of police officers present during the Jan. 6, 2021, Capitol riot told a D.C. federal court Wednesday.
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May 20, 2026
EU Lawmakers Agree To Include Safeguards In US Trade Deal
The Parliament and Council of the European Union reached a provisional agreement Wednesday morning to strengthen safeguards to the trade deal reached last year with the U.S., according to a press release.
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May 20, 2026
NM Marijuana Co. Says IRS Misinterprets Drug's Status
A careful reading of the law shows marijuana is not, as the IRS argues, a controlled substance under federal law, a New Mexico cannabis dispensary operator told the U.S. Tax Court in support of its business expense deductions claimed during 2017 through 2019.
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May 19, 2026
States Tell CIT To Reject Gov't's Request To Stay Tariff Ruling
The federal government's arguments to stay a permanent injunction against the collection of President Donald Trump's temporary global duties for two small businesses and the state of Washington while it appeals the ruling are overblown, a coalition of states told the U.S. Court of International Trade on Tuesday.
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May 19, 2026
Ex-Strip Club Operator To Forfeit $1.5M In Prostitution Plea
The former boss of a Connecticut strip club admitted Tuesday that he failed to pay taxes on income derived from prostitution and ripped off a COVID-19 relief program, and he will forfeit more than $1.5 million under a deal with federal prosecutors.
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May 19, 2026
Costco Calls Suit Over Tariff Refunds Premature
Costco urged an Illinois federal court to toss a putative consumer class action seeking to recoup the higher costs that shoppers paid under President Donald Trump's global tariffs, contending that the case is premature in the wake of uncertain corporate refunds.
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May 19, 2026
House OKs Changes For Tax Collection Due Process Cases
The House passed bipartisan legislation Tuesday billed as improving taxpayers' collection due process rights, including by pausing the statute of limitations for seeking a credit or refund amid a collection action proceeding, sending the measure to the Senate for consideration.
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May 19, 2026
$1.8B IRS Deal Fund 'Not Slush Fund,' Blanche Tells Senators
Acting Attorney General Todd Blanche argued before a Senate committee on Tuesday that the nearly $1.8 billion settlement fund announced on Monday as part of the president's settlement with the Internal Revenue Service over his leaked tax documents "is not a slush fund."
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May 19, 2026
DOJ Adds Sweeping Tax Audit Relief To Trump-IRS Settlement
The U.S. Department of Justice on Tuesday released an addendum to the settlement of President Donald Trump's suit against the IRS over the leak of his tax return information that bars the agency from investigating any pending matters against Trump.
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May 19, 2026
3 Fla. Partnerships Defend $113M Deducted For Land Grants
A trio of partnerships with the same Florida address are contesting in the U.S. Tax Court the total denied deductions of over $113 million, a combined $41.9 million in tax assessments and total penalties of $16.7 million for Alabama land donated to conservation groups in 2021.
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May 19, 2026
GAO Denies Protest Of Alleged Sole-Source IRS Procurement
The U.S. Government Accountability Office said the IRS did not unreasonably restrict competition in its search for a company to help the agency migrate to a new platform, finding the listed requirements were justified.
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May 19, 2026
IRS Finalizes Changes To Partnership Interest Sales
The IRS issued final regulations Tuesday that remove a requirement for partnerships to include information in tax returns to help partners who sold interests in businesses with noncapital assets determine their gain or loss, preserving the rules as proposed last year.
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May 19, 2026
Maynard Nexsen Adds Transactional Tax Pro In NC
Maynard Nexsen PC announced that it has added a partner to the firm's tax practice group from Nelson Mullins Riley & Scarborough LLP, adding that the Charlotte, North Carolina, hire brings expertise in transactional tax structuring and planning.
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May 18, 2026
Pot Co. Fraud Suit Over $13M Tax Debt Ends In Settlement
Investors have agreed to end a lawsuit against the former CEO of cannabis firm Devi Holdings Inc., claiming the executive and early investors hid over $13 million in unpaid taxes to induce $25.9 million in stock purchases that later became worthless, according to a Florida federal judge's order.
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May 18, 2026
Madigan Ruling May Offer High Court New Bribery Test
The Seventh Circuit found enough "overwhelming" evidence last month to sustain the conviction of former Illinois House Speaker Michael Madigan, but a U.S. Supreme Court that's spent years narrowing the reach of public corruption laws may be interested in whether prosecutors proved a sufficiently specific quid pro quo.
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May 18, 2026
Real Estate Broker Gets 55 Months In $2.25M Investor Fraud
A former real estate professional was sentenced to 55 months in prison by a Washington federal judge on Friday, after being convicted for conning $2 million from investors that would purportedly go toward purchasing and renovating properties, but was actually used to buy, among other things, a customized Tesla and a diamond ring.
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May 18, 2026
Feds Say TerrAscend Owes Back $8M Tax Refund
Multistate cannabis operator TerrAscend erroneously received more than $8 million in tax refunds that should never have been issued because of a federal law that bars traffickers in controlled substances from taking business deductions, the U.S. government said in a new lawsuit.
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May 18, 2026
Timing Wrinkle Could Muddle Foreign Currency Tax Rules
The U.S. Treasury Department has signaled plans to simplify the process for determining the taxable corporate income of affiliates that conduct business in foreign currencies, but the unclear timeline of upcoming guidance could complicate compliance initially.
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May 18, 2026
IRS Not Getting Info Earlier Enough To Block Refund Fraud
The Internal Revenue Service and U.S. Department of the Treasury should develop legislation moving up the filing deadlines for information returns tied to certain types of tax refunds in order to protect against fraudulent claims, the Treasury Inspector General for Tax Administration said.
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May 18, 2026
Interest Wrongly Refunded Is Subject To Relief, 4th Circ. Says
A woman is eligible for innocent spouse relief on interest owed to the IRS after an erroneous refund, the Fourth Circuit held Monday, reversing a 2024 U.S. Tax Court ruling.
Expert Analysis
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A Simple Way Courts Can Help Attys Avoid AI Hallucinations
As attorneys increasingly rely on generative artificial intelligence for legal research, courts should consider expanding online quality control programs to flag potential hallucinations — permitting counsel to correct mistakes and sparing judges the burden of imposing sanctions, say attorneys at Lankler Siffert & Wohl and Connors.
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Supreme Court's Criminal Law Decisions: The Term In Review
Though the U.S. Supreme Court’s criminal law decisions in its recently concluded term proved underwhelming by many measures, their opinions revealed trends in how the justices approach criminal cases and offered reminders for practitioners, says Kenneth Notter at MoloLamken.
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Budget Act's Deduction Limit Penalizes Losing Gamblers
A provision in the One Big Beautiful Bill Act that reduces the deduction for gambling losses is unfair to professional and recreational players, risks driving online activity to offshore sites, and will set back efforts to legalize and regulate the industry, says Walter Bourdaghs at Kang Haggerty.
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The Legal Education Status Quo Is No Longer Tenable
As underscored by the fallout from California’s February bar exam, legal education and licensure are tethered to outdated systems, and the industry must implement several key reforms to remain relevant and responsive to 21st century legal needs, says Matthew Nehmer at The Colleges of Law.
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6 Questions We Should Ask About The Trump Trade Deals
Whenever the text becomes available, certain questions will help determine whether the Trump administration’s trade deals with U.S. trading partners have been crafted to form durable economic relationships, or ephemeral ties likely to break upon interpretive disagreement or a change in political will, says Ted Posner at Baker Botts.
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E-Discovery Quarterly: Rulings On Relevance Redactions
In recent cases addressing redactions that parties sought to apply based on the relevance of information — as opposed to considerations of privilege — courts have generally limited a party’s ability to withhold nonresponsive or irrelevant material, providing a few lessons for discovery strategy, say attorneys at Sidley.
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Section 1983 Has Promise After End Of Nationwide Injunctions
After the U.S. Supreme Court recently struck down the practice of nationwide injunctions in Trump v. Casa, Section 1983 civil rights suits can provide a better pathway to hold the government accountable — but this will require reforms to qualified immunity, says Marc Levin at the Council on Criminal Justice.
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Playing Soccer Makes Me A Better Lawyer
Soccer has become a key contributor to how I approach my work, and the lessons I’ve learned on the pitch about leadership, adaptability, resilience and communication make me better at what I do every day in my legal career, says Whitney O’Byrne at MoFo.
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Lessons On Parallel Settlements From Vanguard Class Action
A Pennsylvania federal judge’s unexpected denial of a proposed $40 million settlement of an investor class action against Vanguard highlights key factors parties should consider when settlement involves both regulators and civil plaintiffs, say attorneys at Ropes & Gray.
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Adapting To Private Practice: From ATF Director To BigLaw
As a two-time boomerang partner, returning to BigLaw after stints as a U.S. attorney and the director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, people ask me how I know when to move on, but there’s no single answer — just clearly set your priorities, says Steven Dettelbach at BakerHostetler.
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Mulling Worker Reclassification In Light Of No Tax On OT
The One Big Beautiful Bill Act's no-tax-on-overtime provisions provide tax relief for employees who regularly work overtime and are nonexempt from the Fair Labor Standards Act, but reclassifying employees may lead to higher compliance costs and increased wage and hour litigation for employers, says Steve Bronars at Edgeworth Economics.
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Clean Energy Tax Changes Cut Timelines, Add Red Tape
With its dramatic changes to energy tax credits, the One Big Beautiful Bill Act will reshape project financing and investment planning — and wind and solar developers, especially those in the early stages of projects, face stricter timelines and heightened compliance challenges, says Dan Ruth at Balch & Bingham.
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Playing Baseball Makes Me A Better Lawyer
Playing baseball in college, and now Wiffle ball in a local league, has taught me that teamwork, mental endurance and emotional intelligence are not only important to success in the sport, but also to success as a trial attorney, says Kevan Dorsey at Swift Currie.