Featured Stories

The Tax Angle: Green Energy Permits, Enhanced ACA Credits

From a look at permitting delays holding up solar and wind tax credit projects to uncertainty surrounding the rene... (more story)

Foreign Entity Rules Begin To Shape Clean Energy Deals

The recently enacted federal budget that attaches stricter foreign supply chain and business ownership rules to cl... (more story)

Pillar 2 At 4: High Compliance Costs, Low Tax Liabilities

Four years after countries agreed to an international minimum corporate tax regime known as Pillar Two, finance ex... (more story)

Federal More

Trump Tariffs Are Constitutional, President's Allies Tell Justices

Two Republican lawmakers and two allied nonprofit groups told the U.S. Supreme Court on Tuesday that it should allow President Donald Trump's emergency tariffs authorized under the International Emergency Economic Powers Act.

$6.6M IRS Civil Fraud Penalty Ruled Constitutional

A Pennsylvania federal judge upheld a $6.6 million civil fraud tax penalty against an insurance broker over its captive deductions, ruling Tuesday that the Internal Revenue Service's assessment of the penalty ... (more story)

EU Eyeing Country-Level Min. Tax Exemption For US Cos.

The European Union's preferred method for accommodating the U.S. proposal to exempt American companies from the 15% global minimum tax's international provisions would be to allow a conditional safe harbor tha... (more story)

DOL Greenlights Guaranteed Income Investments In 401(k)s

The U.S. Department of Labor's employee benefits arm issued guidance Tuesday making clear that employers can offer lifetime income insurance products as a default investment in 401(k) plans, responding to an e... (more story)

Full Effects Of US Tariffs 'Yet To Be Felt,' OECD Report Says

Economic growth in the U.S. is expected to dip in 2026 partly because of global trade tensions, the full effects of which "have yet to be felt," the Organization for Economic Cooperation and Development reported Tuesday.

How Hyperlinks Are Changing E-Discovery Responsibilities

A recent e-discovery dispute over hyperlinked data in Hubbard v. Crow shows how courts have increasingly broadened the definition of control to account for cloud-based evidence, and why organizations must reth... (more story)

Co. Can't Fight Unproven IRS Stock Plan Rule, Judge Says

A company that claimed the Internal Revenue Service secretly passed a rule targeting its employee stock ownership plan failed to show the rule exists, a Wisconsin federal judge said in tossing the company's case.

State & Local More

Atty-Trustee Conflicts Doom Scaife Estate's $26M Tax Refund

A Strassburger McKenna Gutnick & Gefsky attorney was also acting as Mellon heir Richard Scaife's lawyer, trustee and media executive when he signed releases that kept Scaife's spending of his inheritance secre... (more story)

Star Chef Didn't Violate 'Vague' Pact With Boston, Judge Says

A Massachusetts state court has ruled that a "vague" agreement between celebrity chef Barbara Lynch and the city of Boston to escrow proceeds from the sale of her flagship No. 9 Park restaurant while the city ... (more story)

State False Claims Acts Can Help Curb Opioid Fund Fraud

State versions of the federal False Claims Act can play an important role in policing the misuse of opioid settlement funds, taking a cue from the U.S. Department of Justice’s handling of federal fraud cases i... (more story)

Conn. Board Seeks To Cement Win Over Tax Atty's Firing

The Connecticut Employees' Review Board has asked an appellate court not to rehear a fired tax attorney's unsuccessful appeal en banc, arguing that she has failed to show any fatal flaws in a three-judge panel... (more story)

Perkins Coie Adds Former US Treasury Tax Policy Atty In DC

Perkins Coie LLP has brought on a tax attorney who worked in the U.S. Department of the Treasury's Office of Tax Policy, where he handled work related to laws such as the Inflation Reduction Act and the One Bi... (more story)

Mich. Says No Redo Needed Of Disney, IHOP Escheat Ruling

A Michigan appeals court should deny a request by Disney and the parent company of IHOP to reconsider its finding that unclaimed property audit determinations create new obligations to remit property, the stat... (more story)

Feds Urge Justices To Back Trump's Emergency Tariffs

The federal government told the U.S. Supreme Court Friday that lower courts incorrectly determined President Donald Trump's emergency tariffs unlawful under a statute that gives the executive broad authority t... (more story)

Preserving Refunds As Tariffs Await Supreme Court Weigh-In

In the event that the U.S. Supreme Court decides in V.O.S. Selections v. Trump that the president doesn't have authority to levy tariffs under the International Emergency Economic Powers Act, importers should ... (more story)

Revamped Opportunity Zones Can Aid Clean Energy Projects

The Qualified Opportunity Zone program, introduced in 2017 and reshaped in the One Big Beautiful Bill Act, offers investors federal tax incentives for development in low-income communities — incentives that ar... (more story)

International More

Hotel Boss Banned From Directorship Over £1.6M Tax Debt

The former boss of a hotel on the Isle of Skye has been banned as a company director over tax debts totaling around £1.6 million ($2.2 million) to Britain's revenue authority, the U.K.'s insolvency agency said Wednesday.

VC Partner Fights IRS Summonses Tied To Korean Tax Probe

A partner at a U.S. venture capital firm urged a California federal court to quash IRS summonses seeking information on his bank accounts in connection with his tax liabilities in South Korea, saying the agenc... (more story)

4th Circ. Scraps Ambulance Co. Owner's Tax Sentence

A former ambulance company owner sentenced to six years in prison for tax evasion will be resentenced after the Fourth Circuit found a Virginia federal court erred by not telling him in person about a conditio... (more story)

Bills Would End Emergencies For Tariffs On Brazil, Canada

A national emergency underpinning U.S. tariffs imposed on Canada and another one justifying most American tariffs on Brazil would be ended under a pair of resolutions introduced with bipartisan support by Sen.... (more story)

$1M FBAR Penalty Without Jury Unconstitutional, Judge Says

A woman who faced more than $1 million in civil penalties for failing to report offshore bank accounts to the IRS is off the hook, as a Texas federal court ruled Friday that the federal government violated her... (more story)

Cayman Hedge Fund Takes $100M Tax Dispute To 3rd Circ.

A Cayman Islands hedge fund urged the Third Circuit to revive its challenge to a $100 million tax bill for earning money in connection with a U.S. business, saying the business did not exist, contrary to claim... (more story)

UK Gov't Borrowing Hits £18B Ahead Of Autumn Budget

U.K. government borrowing reached £18 billion ($24.3 billion) in August, according to official figures published Friday, adding to pressure for the government to hike taxes in its coming budget.