Featured Stories

IRS Mea Culpa Could Prompt Easement Program Revamp

The IRS' admission of wrongdoing for covering up backdated evidence in a high-profile conservation easement case i... (more story)

New Ballot Measures Could Change California Tax Landscape

A group of California measures that are planned, either by citizen initiative or legislative vote, for inclusion o... (more story)

The Tax Angle: Extenders, Energy Credits And Budgets

From a look at the possibility of a December tax extender bill to Republican budget plans and GOP complaints of wa... (more story)

Federal More

Chevron Doctrine Supporters Flock To High Court In Key Case

Health groups, scientists, a labor union, small businesses and environmentalists are urging the U.S. Supreme Court not to strike down a nearly 40-year-old precedent that allows judges to defer to federal agenc... (more story)

Private Equity Owners Can Remedy Law Firms' Agency Issues

Nonlawyer, private-equity ownership of law firms can benefit shareholders and others vulnerable to governance issues such as disparate interests, and can in turn help resolve agency problems, says Michael Di G... (more story)

House Dems Make 3rd Attempt At Federal Pot Legalization

Democrats in the U.S. House of Representatives have reintroduced a federal marijuana legalization bill that previously passed the chamber twice when it was under Democratic control, but never gained any tracti... (more story)

Biz Groups Urge For Transfer Pricing Plan To Be Safe Harbor

An international agreement to streamline transfer pricing for low-risk activities should operate as an elective safe harbor due to the regime's complexity and potential misalignment with traditional tax norms,... (more story)

Fed. Circ. Reverses Debt Co. Partner's $7.5M Tax Refund Loss

The Federal Circuit on Thursday reversed a decision denying a commercial paper conduit's managing partner a $7.5 million refund for a payment made to the Bank of Nova Scotia under a debt agreement, saying the ... (more story)

Ex-CFO Of Russian Gas Co. Gets 7 Years For Tax Crimes

The ex-chief financial officer of Russian gas company Novatek who was convicted of lying to the IRS and failing to report foreign bank accounts that held $93 million was sentenced Thursday in Florida federal c... (more story)

IRS Wants Release Of Int'l Pricing Program Info, Official Says

The Internal Revenue Service has been advocating for the OECD to publicly release results from a voluntary international compliance program in which tax administrations look for transfer pricing red flags with... (more story)

State & Local More

Judge Calls Some Of Trump's Args 'Crazy' In NY Fraud Case

A New York state judge on Friday pounded the bench as he expressed frustration with arguments made by Donald Trump's attorneys over what claims, if any, he can rule on ahead of trial in the massive fraud case ... (more story)

Mich. Panel Says Oncology Co. Owes Taxes On Lab Supplies

An oncology company isn't entitled to an industrial processing use tax exemption on its equipment purchases because its work matching cancer patients to drug trials doesn't qualify as research and development,... (more story)

Another Ark. Tax Cut And Chicago Transit: SALT In Review

From yet another income tax cut in Arkansas to proposed extra funding for Chicago transit, RSM's David Brunori offers his thoughts on noteworthy state and local tax news.

NY Appellate Court Rules Firm Not Liable For Housing Scheme

A private equity firm and a related entity should not be liable for a $13.6 million judgment over an affordable housing tax exemption scheme perpetrated by a company they allegedly controlled, a New York state... (more story)

Ill. City Dodges $6M Property Tax Refund After 20-Year Suit

An Illinois city doesn't need to repay $6 million in property taxes to the former owners of an apartment complex who paid those taxes while they were fighting the city's eminent domain suit in court, the Illin... (more story)

Colo. Justices Mull How Tax Money For Urban Renewal Works

Colorado property tax officials told the state high court Tuesday that the state's method for calculating what portion of tax revenue increases are properly attributed to the benefits of urban redevelopment ar... (more story)

MTC Group Plans Model Rule On Sourcing Partners' Payments

A Multistate Tax Commission work group tackling the complex issue of how to source state income from partnerships said Wednesday that it will begin work on a model rule treating partners' guaranteed payments i... (more story)

T-Mobile Says Tax Reimbursement Suit Had Its Chance

T-Mobile told a New Jersey federal court that it's time to toss a suit brought by a middleman seeking to collect tax reimbursements the mobile behemoth had promised a landlord, saying the latest iteration of t... (more story)

Calif. Ballot Measures Seek To Make It Easier To Raise Taxes

Special taxes to fund local housing or infrastructure could pass under a lower approval threshold and it could become more difficult to require higher thresholds for other tax measures under two ballot initiat... (more story)

International More

Groups Say OECD Pricing Plan Shouldn't Cover Digital Goods

Groups representing developing countries' interests said the OECD's plan to simplify transfer pricing for low-capacity jurisdictions should not be available for low-risk marketing and distribution activities t... (more story)

Ford Says OECD Pricing Plan Needs Verification Component

The Organization for Economic Cooperation and Development's plan to simplify transfer pricing for low-capacity jurisdictions should include a verification mechanism that compares gross profit to operating expe... (more story)

Australia Looks To Boost Enforcement After PwC Tax Scandal

Australia's Treasury wants to raise penalties for corporations that promote tax avoidance schemes and to improve the tax authority's ability to bring cases in response to PwC partners sharing the agency's conf... (more story)

Countries Support UN Building On OECD's Int'l Tax Work

Government officials from several countries said during a meeting Wednesday that they would support the United Nations' work to reach consensus on international tax cooperation as they cautioned against duplic... (more story)

Dutch Gov't Seeks To Cut Breaks To Offset Min. Tax

The Dutch government wants to reduce a profit exemption for small and medium-sized businesses to pay for financial setbacks expected from the 15% global minimum tax, according to documents published Tuesday fo... (more story)

IT Firm Says NJ Court Can't Hear Ex-Exec's Termination Suit

Information technology firm LTIMindtree has asked a federal judge to dismiss a former executive's lawsuit claiming he was fired after blowing the whistle on the company's alleged illegal immigration policies, ... (more story)

DLA Piper Lands Investment Funds Trio From White & Case

DLA Piper has hired a partner trio from White & Case LLP who all focus their practices on investment funds matters, the firm said Monday.