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March 12, 2026
The former manager of a Massachusetts temporary employment agency failed to report more than $3.5 million in business revenue, leading to almost $1 million in taxes going unpaid, federal prosecutors said.
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March 12, 2026
The IRS and the parent of Pizza Hut, KFC and Taco Bell agreed that the company's total deductions for domestic production activities during 2013-2015 were $1.6 million — roughly 15% of the $10.7 million the company had claimed as deductions for the three years.
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March 12, 2026
The owner of a broadcasting company whose deal to sell $75 million in assets fell through is headed to settlement negotiations with the federal government over $18 million in taxes related to his father's estate, according to Michigan federal court filings.
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March 12, 2026
New Mexico barred local governments from imposing certain taxes on registered child care homes under a bill signed by the governor.
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March 11, 2026
Costco shoppers are owed back the higher costs they paid as a result of President Donald Trump's global tariffs that the nation's highest court has since declared unlawful, according to a putative consumer class action filed Wednesday in Illinois federal court.
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March 11, 2026
The head of an investment firm who was sentenced to nearly 20 years in prison after admitting to tax fraud in connection with a $20 million Ponzi scheme asked the Fourth Circuit to vacate his sentence, saying it was unreasonable and far longer than average.
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March 11, 2026
Two companies are challenging President Donald Trump's revamped global tariff regime, telling the U.S. Court of International Trade that the circumstances required to justify the regime cannot exist.
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March 11, 2026
Wyoming amended a property tax exemption for long-term homeowners in the state so that it applies to an eligible property's fair market value instead of its assessed value under a bill signed by the governor that also establishes a limit on the exemption.
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March 11, 2026
New Mexico authorized the imposition of a property tax to repay principal, interest and costs for state-issued bonds, which are subject to voter approval, under a bill signed by the governor.
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March 11, 2026
The Minnesota Tax Court had full jurisdiction over a homeowner's property tax case and properly dismissed his challenge to the county's valuation, the state Supreme Court ruled Wednesday.
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March 10, 2026
An Illinois federal judge's decision to impose a 10-year prison sentence on a man for his role in a $14 million fraud scheme where he took kickbacks for preparing false applications for pandemic-era Paycheck Protection Program loans drew surprised outbursts in the courtroom Tuesday from both the defendant and his attorney.
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March 10, 2026
A Connecticut church that leases part of its property out to a private for-profit day care should be allowed a property tax exemption for the entirety of its property, the state Appellate Court affirmed.
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March 10, 2026
The Trump administration has told a D.C. federal judge there's no basis to sustain a lawsuit challenging an IRS notice eliminating a safe harbor test that wind and solar projects could use to qualify for clean energy tax credits.
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March 10, 2026
The U.S. Tax Court is not authorized to examine and change marijuana's controlled substance status, the Internal Revenue Service said, rebuking a bid from a New Mexico dispensary operator seeking relief from a provision prohibiting it from claiming business deductions.
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March 10, 2026
Kansas would impose a cap on the ad valorem taxes that school districts could impose under bills introduced in the state House.
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March 10, 2026
The U.S. economy could face damaging consequences if the Third Circuit upholds a U.S. Tax Court decision finding a Cayman Islands hedge fund liable for a $100 million tax bill as a securities dealer, a private equity lobbying group told the court.
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March 10, 2026
The Trump administration is asking a D.C. federal judge to toss a lawsuit challenging a new rule that could strip some nonprofits of Public Service Loan Forgiveness program eligibility, claiming that the plaintiffs in the suit have no standing because they aren't engaged in any illegal activities.
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March 10, 2026
A former Moses & Singer LLP partner admitted to practice in New York and North Carolina courts has pled guilty to three counts of failing to file personal income tax returns and will pay $2.8 million in restitution, the U.S. Attorney's Office for the District of Connecticut announced Monday.
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March 10, 2026
The U.S. Tax Court should have considered a partnership's appraisal before rejecting its claim to a nearly $12 million tax deduction for a conservation easement donation, the partnership told the Tenth Circuit, arguing that its valuation report didn't require the appraiser's testimony as the court had claimed.
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March 10, 2026
Colorado broadened its definitions of farms and ranches for property tax purposes to allow more agriculture producers to qualify for tax advantages under a bill signed by Gov. Jared Polis.
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March 09, 2026
Fabletics, the activewear company cofounded by actress Kate Hudson, faces a proposed class action from customers who say the company passed the cost of President Donald Trump's illegal 2025 tariffs onto customers and should be forced to refund those overages.
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March 09, 2026
TurboTax distributor Intuit Inc. and several of its partners were hit with a proposed class action alleging their process for distributing tax refund advance loans comes with high costs and arbitration clauses that are prohibited by the Military Lending Act.
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March 09, 2026
A small Massachusetts town may have a reliable 12th man in the courts if it ends up being sued by FIFA for failing to grant a license to host several World Cup matches, experts say, as the town holds all the power despite its potential foe's deep pockets.
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March 09, 2026
The IRS properly notified a partnership of tax deficiencies tied to a 2018 conservation easement deduction under the 2015 centralized partnership audit regime, the U.S. Tax Court unanimously ruled Monday, saying the entity failed to prove that agency mistakes had hindered its audit response.
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March 09, 2026
A proposed Colorado ballot measure that would potentially subject more fees to voter approval under its Taxpayer's Bill of Rights unlawfully contains more than a single subject, the state Supreme Court found Monday, reversing a state board.