Law360 Tax Authority: Tax Authority Federal /tax-authority/federal?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Tax Authority Federal Copyright 2025 sa¹ú¼Ê´«Ã½. en-US Mon, 17 Nov 2025 19:59:01 +0000 Judge Questions Eaton's Role In Lowered Credit Rating /tax-authority/federal/articles/2411835?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2411835 Tax Court Judge Albert Lauber questioned an expert for Eaton on Monday about how he arrived at a lowered credit rating for the U.S. company in a report he prepared in January 2013, shortly after it acquired an Irish-based global electrical products manufacturer and inverted. Mon, 17 Nov 2025 19:36:59 +0000 Atty 'Misplaced' Trust In Par Funding Promoter, Panel Hears /tax-authority/federal/articles/2412217?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2412217 A former Eckert Seamans Cherin & Mellott LLC attorney accused of ethical violations related to promoting the Par Funding merchant cash advance business told a Pennsylvania disciplinary panel Monday that all he did was zealously represent his client, who pitched the ill-fated enterprise to potential investors. Mon, 17 Nov 2025 17:45:03 +0000 Ex-Russian Gas CFO Resentenced To 6 Years For Tax Crimes /tax-authority/federal/articles/2412043?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2412043 A Florida federal judge handed a nearly six-year prison term to a Russian gas company's former chief financial officer, who was convicted for tax evasion after the Eleventh Circuit vacated a prior sentence earlier this year. Mon, 17 Nov 2025 17:36:19 +0000 Feds Back IRS Agent Testimony In Goldstein Tax Case /tax-authority/federal/articles/2411856?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2411856 An Internal Revenue Service agent must be allowed to testify in Tom Goldstein's tax evasion case, the U.S. government said, arguing that the agent's testimony is relevant to proving willfulness in the tax crimes the U.S. Supreme Court attorney and SCOTUSblog publisher was charged with. Mon, 17 Nov 2025 17:20:30 +0000 Applicable Federal Rates To Continue Monthslong Slide /tax-authority/federal/articles/2412141?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2412141 Applicable federal rates for income tax purposes will decrease in December, the Internal Revenue Service said Monday, sliding for the fifth month in a row after a rebound in July. Mon, 17 Nov 2025 17:20:08 +0000 Fed. Circ. Finds Baby Formulas For Illnesses Duty-Free /tax-authority/federal/articles/2411897?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2411897 A baby formula maker's products designed as therapies for children with chronic medical conditions qualify for duty-free treatment, the Federal Circuit ruled Monday, overturning the U.S. Court of International Trade's decision in a decade-old dispute. Mon, 17 Nov 2025 17:16:12 +0000 Minn. Dentist's Wife Can't Feign Ignorance, Tax Court Says /tax-authority/federal/articles/2412187?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2412187 The U.S. Tax Court granted a Minnesota woman only partial relief Monday from shared tax liabilities with her former husband, holding that an Internal Revenue Service agent's visit marked "the dividing line" when she could no longer claim not to know about their unpaid taxes.   Mon, 17 Nov 2025 17:14:00 +0000 E-Discovery Quarterly: Recent Rulings On Dynamic Databases /tax-authority/federal/articles/2408002?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2408002 Several recent federal court decisions illustrate how parties continue to grapple with the discovery of data in dynamic databases, so counsel involved in these disputes must consider how structured data should be produced consistent with the requirements of the Federal Rules of Civil Procedure, say attorneys at Sidley. Mon, 17 Nov 2025 16:52:24 +0000 OMB Reviewing Treasury Regs On OECD Crypto Reporting /tax-authority/federal/articles/2412079?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2412079 The Office of Management and Budget is reviewing regulations proposed by the U.S. Department of the Treasury to implement automatic exchanges of information between tax authorities regarding taxpayers' cryptocurrency holdings under the OECD's crypto-asset reporting framework. Mon, 17 Nov 2025 16:03:50 +0000 MVP: Sullivan & Cromell's Isaac Wheeler /tax-authority/federal/articles/2405006?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2405006 Isaac Wheeler of Sullivan & Cromwell LLP's tax practice advised RedBird Capital Partners on the Skydance and Paramount deal, helped xAI and X on a $113 billion transaction related to their merger and guided Tishman Speyer on its $3.5 billion refinancing of Rockefeller Center, earning him a spot as one of the 2025 Law360 Tax MVPs. Mon, 17 Nov 2025 15:45:20 +0000 Fed. Circ. Backs Commerce To Nix Turkish Steel Duties /tax-authority/federal/articles/2411858?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2411858 The U.S. Department of Commerce's removal of countervailing duties on Turkish steel imports was properly justified by the government, and the lower trade court correctly upheld its determination despite objections by the domestic steel industry, the Federal Circuit affirmed Monday. Mon, 17 Nov 2025 13:03:34 +0000 Madoff Victims Lose Bid To Claim $8.2M Theft Loss Deduction /tax-authority/federal/articles/2411934?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2411934 A New York couple lost their challenge to claim a $8.2 million theft loss tax deduction on life insurance policies invested in accounts tied to Bernie Madoff's Ponzi scheme after the Second Circuit found that the husband did not own the policies' underlying assets. Fri, 14 Nov 2025 20:08:02 +0000 IRS Expert Challenges Data Used In Eaton's Projections /tax-authority/federal/articles/2411239?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2411239 An expert witness for the Internal Revenue Service questioned the financial projections prepared by Eaton Corp.'s experts Friday in U.S. Tax Court, saying the data they relied on wasn't available in 2012, when the company took on debt to acquire Ireland-based Cooper Industries, a global electrical products manufacturer, for $13 billion. Fri, 14 Nov 2025 18:25:28 +0000 The Tax Angle: Letter Ruling Debate, Experts' Role In Policy /tax-authority/federal/articles/2410166?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2410166 From a discussion on whether seeking a private letter ruling risks sparking more IRS oversight to a former Congressional Budget Office director's thoughts on tax experts' role in policymaking, here's a peek into a reporter's notebook on stories from the National Tax Association's annual conference in Boston. Fri, 14 Nov 2025 17:41:16 +0000 What To Do If A Retirement Plan Participant Is Deported /tax-authority/federal/articles/2411009?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2411009 Given recent immigration policy changes in the U.S., many businesses are experiencing employee deportations, but retirement plan administrators should still pay and report benefits to avoid violating the plan, the Employee Retirement Income Security Act or tax reporting requirements, says Teri King at Smith Gambrell. Fri, 14 Nov 2025 16:54:10 +0000 Trump Pulls IRS Chief Counsel Nomination Before Floor Vote /tax-authority/federal/articles/2411519?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2411519 President Donald Trump on Friday withdrew his nomination of a Sullivan & Cromwell attorney to be the Internal Revenue Service's chief counsel just weeks after the Senate Finance Committee voted to advance the nomination to the Senate floor. Fri, 14 Nov 2025 16:04:07 +0000 MVP: Latham's Pardis Zomorodi /tax-authority/federal/articles/2404360?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2404360 Pardis Zomorodi, partner at Latham & Watkins LLP's transactional tax practice in Los Angeles, has guided companies through the tax aspects of major complex transactions, including 2024's largest IPO and the high-profile merger between Skydance Media and Paramount Global, earning her a spot as one of the 2025 Law360 Tax MVPs. Fri, 14 Nov 2025 15:10:48 +0000 DC Circ. Urged To Block Trump Org. From IRS Leaker's Appeal /tax-authority/federal/articles/2411336?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2411336 President Donald Trump's private business organization should not be allowed to intervene in a former IRS contractor's challenge to his prison sentence for leaking Trump's and other wealthy people's tax returns, the contractor told the D.C. Circuit, saying the organization's participation would unfairly bias the court. Fri, 14 Nov 2025 14:49:08 +0000 US To Slash Tariff On Swiss Imports To 15% In Trade Deal /tax-authority/federal/articles/2411244?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2411244 The U.S. will reduce a 39% tariff on Swiss imports to 15% as part of a framework trade agreement reached with Switzerland, according to Friday announcements by the White House and the Swiss government. Fri, 14 Nov 2025 14:31:14 +0000 Taxation With Representation: Wachtell, Paul Hastings, Sidley /tax-authority/federal/articles/2411342?utm_source=rss&utm_medium=rss&utm_campaign=section /tax-authority/federal/articles/2411342 In this week's Taxation With Representation, Pfizer Inc. completes its acquisition of obesity drug developer Metsera Inc., motion and controls technologies company Parker-Hannifin Corp. acquires Filtration Group Corp., and fund administrator JTC PLC backs a cash offer in the billions from British private equity shop Permira.