Federal
-
December 01, 2023
Justices Call O'Connor 'American Hero,' 'Perfect Trailblazer'
Following news of retired U.S. Supreme Court Justice Sandra Day O'Connor's death at the age of 93, current and former high court justices paid public homage to her trailblazing career, devotion to the rule of law and illuminating charisma.
-
December 01, 2023
Former Clerks Say Justice O'Connor Still Worth Emulating
BigLaw attorneys mentored by former U.S. Supreme Court Justice Sandra Day O'Connor, who died Friday after a lengthy battle with dementia, say she'll be remembered as an incisive jurist who always put facts and practical considerations above abstract ideological commitments, as well as a deeply gracious and down-to-earth woman who never let her dedication to the law overshadow her zest for life.
-
December 01, 2023
Up Next At High Court: Purdue Pharma, Taxes & Job Transfers
The U.S. Supreme Court returns Monday for the last argument session of the calendar year to consider whether bankruptcy courts have the authority to sign off on third-party liability releases in Chapter 11 plans, whether Congress can tax unrealized foreign gains, and which standard should be used to determine the viability of employment discrimination claims.
-
December 01, 2023
Trump Gets More Experts In NY Fraud Trial, Can't Call Monitor
A New York judge on Friday allowed Donald Trump to call more experts in his civil fraud trial defense case, including a real estate broker friendly with the former president, but rejected Trump's attempt to put the court's independent monitor on the stand.
-
December 01, 2023
4 Decisions For Which Justice O'Connor Will Be Remembered
Many of the hotly divided cases at the U.S. Supreme Court came down to Justice Sandra Day O’Connor, a central force on the bench whose savviness at striking compromises and taking a pragmatic approach to resolve disputes is on full display in four opinions.
-
December 01, 2023
Omaha Atty Gets Year In Prison For Tax Dodging
A Nebraska attorney was sentenced to a year and a day in prison Thursday after pleading guilty to concealing some $2.8 million in income from the Internal Revenue Service.
-
December 01, 2023
Justice O'Connor Shattered Barriers, Built Bridges
A Southwestern cowgirl who will always be known as the first woman to sit on the U.S. Supreme Court, Justice Sandra Day O’Connor inspired those around her with an indomitable work ethic, a deep affection for public service and an innate ability to drive consensus among her colleagues.
-
December 01, 2023
4th Circ. Won't Revive Mother's Stimulus Check Suit
A mother of three who sued the federal government for denying her family a refundable pandemic-era tax credit cannot proceed in court, the Fourth Circuit ruled, upholding a decision that the woman's suit is barred by a federal law forbidding suits that restrain tax collection.
-
December 01, 2023
Taxation With Representation: Debevoise, Kirkland, Wachtell
In this week's Taxation With Representation, KKR & Co. Inc. said it will buy the remaining portion of Global Atlantic Financial Group it doesn't already own, Blackstone Inc. said it had agreed to purchase Rover Group Inc., and AbbVie Inc. said it will buy ImmunoGen Inc.
-
December 01, 2023
COVERAGE RECAP: Day 38 Of Trump's NY Civil Fraud Trial
Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general's civil fraud case. Here's a recap from day 38.
-
December 01, 2023
Sandra Day O'Connor, First Woman On Supreme Court, Dies
Retired U.S. Supreme Court Justice Sandra Day O'Connor, the court's first female member, died Friday at 93, according to the court. Justice O'Connor's position at the ideological center of the court gave her outsized influence in controversial cases during her 25-year tenure.
-
November 30, 2023
Sens. Press KPMG On Role In Microsoft's $29B Tax Play
Three senators pressed KPMG's CEO on allegations the company helped Microsoft skirt nearly $29 billion in taxes by illegally allocating profits to a Puerto Rico subsidiary and demanded additional information on KPMG's role in the arrangement.
-
November 30, 2023
Senate Dems Seek Mark-To-Market Tax On Gains By Wealthy
High-income and high-net-worth taxpayers would be required to pay a mark-to-market tax on the unrealized gains of their tradeable assets on an annual basis under a bill introduced Thursday by Senate Finance Committee Chairman Ron Wyden and co-sponsored by 15 Democratic senators.
-
November 30, 2023
Bills Would Exempt Kombucha From Alcohol Excise Taxes
A pair of bills introduced Thursday in the U.S. Congress would exempt kombucha from excise taxes on alcoholic beverages.
-
November 30, 2023
FTX Says IRS Tax Estimate Is $24B Too High
Bankrupt cryptocurrency exchange FTX asked a Delaware bankruptcy judge to set its tax bill at zero dollars, arguing that the Internal Revenue Service's estimated $24 billion in claims threaten to halt any progress in getting a Chapter 11 plan approved.
-
November 30, 2023
Citi Owed $183M In Tax Breaks From '80s, Claims Court Says
Citigroup is entitled to nearly $183 million in tax deductions in a dispute over its predecessor's accounting of excess liabilities that belonged to a failing bank acquired during the 1980s savings and loan crisis, the U.S. Court of Federal Claims said.
-
November 30, 2023
Former Spine Surgeon Owes Taxes, Penalties
The U.S. Tax Court rejected the claims of a former spine surgeon who said insurance changes in his medical practice were partly to blame for his failure to pay federal taxes, upholding an IRS levy and additions to tax on Thursday.
-
November 30, 2023
NY Man's Social Security Ruled Not Tax-Exempt
Nearly $15,000 in Social Security payments received by a New York man is not tax-exempt, the U.S. Tax Court ruled Thursday.
-
November 30, 2023
Holiday Extension Makes Petition Timely, Tax Court Rules
A petition filed by a Colorado taxpayer is timely as it was submitted during an extended time period after the U.S. Tax Court's closure due to Thanksgiving, the court ruled Thursday.
-
November 30, 2023
Feds Ordered To Clarify IRS Leaker's Worker Status
The federal government must produce its contracts with consulting firm Booz Allen clarifying the employment status of an IRS contractor who admitted leaking to the media the tax data of thousands of wealthy people, a Florida federal judge ordered in a billionaire's privacy suit against the tax agency.
-
November 30, 2023
IRS Procedure Correct In Sending Notice, Tax Court Rules
The Internal Revenue Service did not err in submitting correspondence to a Delaware company's New York office regarding a tax deficiency, the U.S. Tax Court ruled Thursday.
-
November 30, 2023
Brown Rudnick Adds Tax Partner To DC Office
Brown Rudnick has added a partner to the firm's tax practice in Washington, D.C., who will specialize in tax planning in addition to mergers and acquisitions, according to the firm.
-
November 30, 2023
Chicago Pol Denied Mistrial Over Witness's 'Corrupt' Remark
An Illinois federal judge refused to grant former Chicago Alderman Ed Burke a mistrial Thursday after a witness described a developer's hiring of Burke's law firm as "symbolic of the Chicago way of doing business" and "very corrupt."
-
November 30, 2023
NY Appeals Court Reinstates Trump Gag Orders
A midlevel New York appeals court on Thursday reinstated gag orders issued by the judge overseeing the civil fraud trial of Donald Trump and others, which prohibit the former president from speaking publicly about the judge's court staff.
-
November 30, 2023
COVERAGE RECAP: Day 37 Of Trump's NY Civil Fraud Trial
Law360 reporters are providing live coverage from the courthouse as former President Donald Trump goes on trial in the New York attorney general's civil fraud case. Here's a recap from day 37.

Feds Unveil 'Foreign Entity' Guidance For EV Tax Credit
Federal regulators released guidance Friday that would allow automakers to satisfy new trade restrictions that the 2022 climate law incorporated into the consumer electric vehicle tax credit, including sought-after proposed rules defining the foreign-entity-of-concern provision.

House Tax Panel Clears Taiwan Tax Relief Bill
The House Ways and Means Committee unanimously approved legislation Thursday that would provide certain tax treaty-like benefits for Taiwanese businesses after bipartisan leaders of the panel reached agreement to proceed on the measure with Senate lawmakers.

OECD To Issue Pillar 2 Peer Review Direction, US Official Says
The OECD is working on guidance that includes a peer review mechanism for determining whether a country's corporate taxes are qualifying measures under a global minimum tax agreement known as Pillar Two, a U.S. Treasury Department official said Wednesday.
Featured Stories
-
Former Clerks Say Justice O'Connor Still Worth Emulating
BigLaw attorneys mentored by former U.S. Supreme Court Justice Sandra Day O'Connor, who died Friday after a lengthy battle with dementia, say she'll be remembered as an incisive jurist who always put facts and practical considerations above abstract ideological commitments, as well as a deeply gracious and down-to-earth woman who never let her dedication to the law overshadow her zest for life.
-
4 Decisions For Which Justice O'Connor Will Be Remembered
Many of the hotly divided cases at the U.S. Supreme Court came down to Justice Sandra Day O’Connor, a central force on the bench whose savviness at striking compromises and taking a pragmatic approach to resolve disputes is on full display in four opinions.
-
Justice O'Connor Shattered Barriers, Built Bridges
A Southwestern cowgirl who will always be known as the first woman to sit on the U.S. Supreme Court, Justice Sandra Day O’Connor inspired those around her with an indomitable work ethic, a deep affection for public service and an innate ability to drive consensus among her colleagues.
Expert Analysis
-
Unpacking Long-Awaited Clean Energy Tax Credit Guidance
Recently proposed Internal Revenue Service regulations provide welcome confirmatory guidance on the application of investment tax credits as reworked by 2022's Inflation Reduction Act, prevailing wage and apprenticeship rules that are largely consistent with market expectations, and broader eligibility criteria that should please the wind power industry in particular, say attorneys at Morgan Lewis.
-
Understanding Discovery Obligations In Era Of Generative AI
Excerpt from Practical Guidance
Attorneys and businesses must adapt to the unique discovery challenges presented by generative artificial intelligence, such as chatbot content and prompts, while upholding the principles of fairness, transparency and compliance with legal obligations in federal civil litigation, say attorneys at King & Spalding.
-
An Informed Guide To Mastering Retirement Plan Forfeitures
When considering how to allocate departing retirement plan participants’ forfeitures, sponsors should consider recently filed lawsuits that allege Employee Retirement Income Security Act violations for using such funds to offset employer contributions, as well as proposed IRS guidance concerning how and when they must be used, says Eric Gregory at Dickinson Wright.
-
The Case For Post-Bar Clerk Training Programs At Law Firms
In today's competitive legal hiring market, an intentionally designed training program for law school graduates awaiting bar admission can be an effective way of creating a pipeline of qualified candidates, says Brent Daub at Gilson Daub.
-
IRS Proposal May Help Clarify Donor-Advised Fund Excise Tax
Recently proposed regulations provide important clarifications of the Internal Revenue Code's excise tax on donor-advised fund distributions by providing detailed definitions of key terms and addressing some of the open issues related to their operation and administration, say attorneys at Morgan Lewis.
-
AI Can Help Lawyers Overcome The Programming Barrier
Legal professionals without programming expertise can use generative artificial intelligence to harness the power of automation and other technology solutions to streamline their work, without the steep learning curve traditionally associated with coding, says George Zalepa at Greenberg Traurig.
-
Preparing Law Students For A New, AI-Assisted Legal World
As artificial intelligence rapidly transforms the legal landscape, law schools must integrate technology and curricula that address AI’s innate challenges — from ethics to data security — to help students stay ahead of the curve, say Daniel Garrie at Law & Forensics, Ryan Abbott at JAMS and Karen Silverman at Cantellus Group.
-
General Counsel Need Data Literacy To Keep Up With AI
With the rise of accessible and powerful generative artificial intelligence solutions, it is imperative for general counsel to understand the use and application of data for myriad important activities, from evaluating the e-discovery process to monitoring compliance analytics and more, says Colin Levy at Malbek.
-
Liability Exposure For Unpaid Payroll Taxes May Surprise You
The Ninth Circuit’s recent decision in Richard W. York v. U.S. offers important lessons for business owners and others who may be responsible for a company's checkbook about how someone else's failure to submit payroll taxes can result in their personal liability, says Douglas Charnas at McGlinchey Stafford.
-
Navigating Discovery Of Generative AI Information
As generative artificial intelligence tools become increasingly ubiquitous, companies must make sure to preserve generative AI data when there is reasonable expectation of litigation, and to include transcripts in litigation hold notices, as they may be relevant to discovery requests, say Nick Peterson and Corey Hauser at Wiley.
-
Finding Focus: Strategies For Attorneys With ADHD
Given the prevalence of ADHD among attorneys, it is imperative that the legal community gain a better understanding of how ADHD affects well-being, and that resources and strategies exist for attorneys with this disability to manage their symptoms and achieve success, say Casey Dixon at Dixon Life Coaching and Krista Larson at Stinson.
-
Unlocking Value In Carve-Out M&A Transactions
Some of the largest mergers and acquisitions in 2023 were carve-out transactions, and despite their unique intricacies and challenges, these transactions offer both buyers and sellers the opportunity to generate outsized returns in an otherwise vigorously competitive landscape, when carefully planned and diligently executed, say Kevin Crews and Rami Totari at Kirkland.
-
Attorneys, Law Schools Must Adapt To New Era Of Evidence
Technological advancements mean more direct evidence is being created than ever before, and attorneys as well as law schools must modify their methods to account for new challenges in how this evidence is collected and used to try cases, says Reuben Guttman at Guttman Buschner.