https://www.law360.com/tax?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Tax Copyright 2025 Portfolio Media, Inc. en-US Thu, 01 May 2025 19:30:26 +0000 https://www.law360.com/tax/articles/2333142?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2333142 PepsiCo was correctly assessed $2.1 million in penalties for categorizing Frito-Lay expatriates' compensation as foreign payroll that would allow the company's profits to be excluded from state income tax calculations, according to an Illinois Appellate Court panel. Thu, 01 May 2025 18:39:38 +0000 https://www.law360.com/tax/articles/2333052?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2333052 President Donald Trump's flurry of tariff actions since taking office has created new questions for multinationals and their transfer pricing tax planners, including how to properly account for cost increases associated with new duties in related party transactions. Thu, 01 May 2025 18:33:20 +0000 https://www.law360.com/tax/articles/2333272?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2333272 Uber was required to collect and remit millions in sales taxes on behalf of drivers and customers who used its app before the Wayfair decision, a Georgia appellate panel held Thursday, ruling against the ride-hailing company and upholding a trial court decision. Thu, 01 May 2025 17:52:13 +0000 https://www.law360.com/tax/articles/2333123?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2333123 The enterprise fees in Colorado's state transportation package passed in 2021 do not violate the state's Taxpayer Bill of Rights, a state appeals court said Thursday, upholding a district court ruling and rejecting a challenge from a conservative group. Thu, 01 May 2025 17:34:46 +0000 https://www.law360.com/tax/articles/2331093?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2331093 Tax crimes are historically difficult to prosecute, but the Internal Revenue Services’ recent agreement with U.S. Immigration and Customs Enforcement to share taxpayer records of non-U.S. citizens could be used to enhance payroll tax-related enforcement against their employers, say attorneys at Holland & Knight. Thu, 01 May 2025 16:35:16 +0000 https://www.law360.com/tax/articles/2333319?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2333319 Colorado would reduce and then eliminate a tax deduction for sports betting operators for free bets placed by players under a bill passed by the state House of Representatives and referred to the state Senate's Finance Committee. Thu, 01 May 2025 15:24:25 +0000 https://www.law360.com/tax/articles/2333291?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2333291 The Internal Revenue Service issued inflation-adjusted amounts Thursday for health savings accounts for 2026, as well as the maximum amount that may be made available for excepted benefit health reimbursement arrangements. Thu, 01 May 2025 14:44:19 +0000 https://www.law360.com/tax/articles/2332929?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2332929 Hunter Biden dropped his suit against the federal government alleging the unauthorized disclosure of his tax return information by special agents and their attorneys who talked publicly about an investigation that culminated in Biden's copping to criminal tax charges. Thu, 01 May 2025 13:51:59 +0000 https://www.law360.com/tax/articles/2333117?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2333117 Nelson Mullins Riley & Scarborough LLP announced Thursday that it has fortified its tax controversy and litigation team with a partner in Houston who came aboard from Porter Hedges LLP. Thu, 01 May 2025 10:21:44 +0000 https://www.law360.com/tax/articles/2305667?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2305667 Serving as an adjunct college professor has taught me the importance of building rapport, communicating effectively, and persuading individuals to critically analyze the difference between what they think and what they know — principles that have helped to improve my practice of law, says Sheria Clarke at Nelson Mullins. Wed, 30 Apr 2025 20:35:44 +0000 https://www.law360.com/tax/articles/2332409?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2332409 The U.S. Senate narrowly rejected a bipartisan bill Wednesday that sought to end the national emergency declared by President Donald Trump to underpin his global tariff regime, with two senators absent for the vote, and with U.S. House consideration delayed until October. Wed, 30 Apr 2025 19:51:54 +0000 https://www.law360.com/tax/articles/2332317?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2332317 The Third Circuit's argument lineup for May will see the state of New Jersey defend a law barring its immigration detention centers from contracting with U.S. Immigration and Customs Enforcement, while Rutgers University seeks to keep its victory over claims it falsely inflated its business school's ranking. Wed, 30 Apr 2025 19:21:40 +0000 https://www.law360.com/tax/articles/2332678?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2332678 Arizona misinterpreted federal law and threatened the sovereignty of a Native American tribe with its taxation of a natural-gas-powered plant that sits on a reservation, the tribe told the U.S. Supreme Court in a brief Wednesday. Wed, 30 Apr 2025 19:03:19 +0000 https://www.law360.com/tax/articles/2332540?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2332540 Crypto exchange Coinbase on Wednesday urged the U.S. Supreme Court to firm up privacy rights around digital information stored with third parties, backing a petition by a Coinbase user who's challenging the Internal Revenue Service's seizure of his account records. Wed, 30 Apr 2025 17:47:16 +0000 https://www.law360.com/tax/articles/2332355?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2332355 U.S. gross domestic product fell at an annual rate of 0.3% in the first quarter of 2025 as importers stockpiled goods in advance of President Donald Trump's global tariff regime, the U.S. Department of Commerce announced Tuesday. Wed, 30 Apr 2025 17:22:22 +0000 https://www.law360.com/tax/articles/2332459?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2332459 The European Anti-Fraud Office and Polish authorities uncovered a value-added tax fraud ring that exploited European Union rules to dodge over 38.2 million Polish zloty ($10.1 million) in value-added taxes on goods imported from China, they said Wednesday. Wed, 30 Apr 2025 17:09:01 +0000 https://www.law360.com/tax/articles/2330961?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2330961 Morgan Lewis & Bockius LLP added a former Milbank special counsel as a tax partner based in the firm's London office. Wed, 30 Apr 2025 17:06:33 +0000 https://www.law360.com/tax/articles/2332228?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2332228 A dentist's firm urged an appeals court on Wednesday to find that it had not engaged in tax avoidance by making loan payments to its owner through a trust, saying the payments had no connection to its owner's employment and therefore were not taxable as income. Wed, 30 Apr 2025 16:10:56 +0000 https://www.law360.com/tax/articles/2332550?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2332550 Sheppard Mullin Richter & Hampton LLP announced Wednesday that it expanded its tax, employee benefits and trusts and estates practice with a new partner most recently with Kirkland & Ellis LLP. Wed, 30 Apr 2025 15:49:36 +0000 https://www.law360.com/tax/articles/2332481?utm_source=rss&utm_medium=rss&utm_campaign=section https://www.law360.com/tax/articles/2332481 A boutique Connecticut consumer protection law firm cannot block the IRS from collecting 2022 and 2023 payroll taxes while the firm challenges the government's alleged failure to process CARES Act payroll credit requests in 2021, the U.S. Department of Justice has argued.