Featured Stories

La. Remote Seller Entity Ups Ante In Sales Tax System Battle

Louisiana's remote sellers commission is seeking to intervene in a constitutional challenge against the state's sa... (more story)

3 Key Takeaways From The IRS' Latest Pricing Pact Snapshot

The IRS finalized a record number of advance pricing agreements in 2023, signaling the agency's increased effectiv... (more story)

Donor Fund Regs Could Imperil Nonprofit-Sponsored Projects

So-called fiscal sponsorship funds set up at established nonprofits to help new projects start charitable work cou... (more story)

Federal More

AbbVie Can't Get Deduction For $1.6B Merger Fee, IRS Says

The IRS defended its denial of AbbVie's claimed deduction for a $1.6 billion payment to a biotechnology company over their failed merger, telling the U.S. Tax Court that the pharmaceutical giant is misconstrui... (more story)

Clinic Head Gets 9 Years For Medicare Kickback, Tax Scheme

A health clinic manager was sentenced to nine years in prison and ordered to pay $40 million in restitution to the government for participating in a multimillion-dollar healthcare kickback scheme that involved... (more story)

Atty In Tax Fraud Must Pay Full $2.5M Per Plea Deal, Feds Say

A former Houston attorney set to be sentenced Friday for his role in an $18 million offshore tax scheme is trying to limit the government's ability to collect $2.5 million in restitution he promised to pay in ... (more story)

IRS Sings New Tune: Whistleblower Form Update Is Welcome

In a significant reform at the Internal Revenue Service's Whistleblower Office, the recently introduced revisions to the Form 211 whistleblower award application use new technology and a more intuitive approac... (more story)

Transfer Pricing And Dancing: Recalling KPMG's Sean Foley

Sean Foley, who died suddenly in September, was a devoted husband, father, brother and friend and a brilliant colleague. He was one of the world's top experts in an area of international tax known as transfer ... (more story)

'I Am Mad': Client Regrets Trusting Atty Accused Of Tax Fraud

Emotions ran high Wednesday in a North Carolina federal courtroom as former clients unwittingly roped into an alleged tax fraud scheme took the stand, one of whom was openly exasperated at learning he'd been m... (more story)

Damages Still Possible In Lease Tax Reimbursement Row

A Court of Federal Claims judge has ruled that the General Services Administration could unilaterally adjust the real estate tax reimbursement methodology under a lease for the Defense Health Agency's headquar... (more story)

State & Local More

Neb. Gov. Plans To Call For Session To Revive Digital Tax

Nebraska's Republican governor said he plans to call for a special session of the state's unicameral Legislature to address tax reform after his proposal to tax advertising services, including digital advertis... (more story)

Co.'s Shoe Sales Warrant Partial Refund, Ohio Justices Told

An apparel company reiterated to the Ohio Supreme Court on Thursday that it is not subject to gross receipts tax on receipts from the sale of goods that an in-state distribution center transports to retail sto... (more story)

Peacock Says Maryland Digital Ad Tax Violates Internet Law

Maryland's digital advertising tax violates the commerce clause of the U.S. Constitution and the Internet Tax Freedom Act, streaming giant Peacock TV LLC told the Maryland Tax Court on Thursday in one of sever... (more story)

Trump Again Seeks Delay In Fla., Says Attys Tied Up In NY

Counsel for Donald Trump in the ex-president's federal classified documents case in Florida again asked on Thursday to extend disclosure deadlines, contending that their client would be prejudiced without more... (more story)

Jury Of 12 Picked For Trump Hush Money Case In NY

A jury of 12 New Yorkers was selected Thursday for the hush money trial of former President Donald Trump on charges he falsified business records to keep news of an extramarital affair from damaging his 2016 e... (more story)

Tax Challenge Viable In Court, Philip Morris Tells NC Justices

A North Carolina administrative court has the power to find a state tax law unconstitutional, tobacco company Philip Morris USA has told the state Supreme Court in its attempt to avoid a more than $300,000 franchise tax bill.

Stormy Daniels Says Trump Flubbed Subpoena At Nightclub

Stormy Daniels, the adult film star at the center of Donald Trump's hush money case, said the former president failed to properly serve her with a subpoena seeking evidence of alleged bias last month after the... (more story)

Loeb & Loeb Adds 2 Corporate Partners From Morrison Cohen

Loeb & Loeb LLP has announced the latest in a string of corporate hires from Morrison Cohen LLP's ranks, touting two new partners with domestic and international experience with strategic transactions.

NC Justices Hint Contractor Qualifies For Tax Break

The North Carolina Supreme Court appeared ready to rule in favor of a contractor seeking a tax exemption reserved for manufacturers, with the justices concerned that hinging qualification on a sales percentage... (more story)

International More

Estonian Tax System's Ease Key To Success, Bank Head Says

The tax system in Estonia — ranked the top country for international tax competitiveness by the Tax Foundation — is fair and easy to administer, which is key to the country's tax administration successes, the ... (more story)

Pawn Shop Owes VAT On Auction Sales, EU Court Says

A Portuguese pawn shop must pay value-added taxes of €308,000 ($327,000) from sales commissions of auctioned items because the auction is not part of the exempt loan, the Court of Justice of the European Union said Thursday.

HMRC Opens Consultation On Payroll Tax In Freeports

The U.K. tax authority is mulling changes to National Insurance, a payroll levy used to fund state pensions and healthcare, for employees working in special economic zones known as freeports.

Gov't Officials Urge Global Cooperation On Taxing Wealth

Global cooperation on taxing the wealthiest individuals and companies is necessary to address climate change and create social justice, government officials from Brazil, France and Nigeria said Wednesday at th... (more story)

Johnston Carmichael Adds Ex-Alvarez Tax Pro In Glasgow

U.K. accounting and business advisory firm Johnston Carmichael has recruited an accountant from Alvarez & Marsal to work as a financial services tax partner in its Glasgow office.

Judge Delays Trial Over $20M Allegedly Hidden From IRS

A Florida federal judge agreed Wednesday to delay the trial of a Brazilian-American businessman accused of hiding $20 million from the Internal Revenue Service by using Swiss bank accounts, but told the defend... (more story)

Tax Incentives Needed To Boost EU Investments, Adviser Says

European Union countries must give tax incentives to boost long-term savings plans for individuals and institutions in an effort to gather capital for investment in businesses, a top adviser said Wednesday.