/tax?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Tax Copyright 2025 sa¹ú¼Ê´«Ã½. en-US Tue, 23 Dec 2025 21:09:27 +0000 /tax/articles/2425458?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2425458 Restaurant franchiser FAT Brands, its former CEO and other executives told a California federal judge on Tuesday that they reached a deal to resolve the U.S. Securities and Exchange Commission's civil claims that they ran an illegal $27 million personal-loan scheme to fuel the former CEO's lavish lifestyle as the public company floundered. Tue, 23 Dec 2025 20:21:40 +0000 /tax/articles/2425461?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2425461 The estate of late billionaire Robert Brockman, who died while awaiting a trial in the largest criminal tax fraud case against an individual in U.S. history, agreed Tuesday to pay roughly $750 million in back taxes and penalties, according to a filing in U.S. Tax Court.  Tue, 23 Dec 2025 19:35:36 +0000 /tax/articles/2425177?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2425177 A group of Democratic U.S. senators has asked Commerce Secretary Howard Lutnick not to move forward with a proposed overhaul of the U.S. patent fee system that reportedly would implement fees based on a patent's value, saying such changes would create a "prohibitive bar to innovation for start-ups and other small-to-mid-size businesses." Tue, 23 Dec 2025 17:54:39 +0000 /tax/articles/2424728?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2424728 The Kansas City Chiefs are leaving their longtime home in Missouri to play in a new, $3 billion stadium in Kansas City, Kansas, that state's governor and the NFL team announced. Tue, 23 Dec 2025 16:37:54 +0000 /tax/articles/2425343?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2425343 Chicago's mayor said Tuesday that he will neither sign nor veto the City Council's $16.6 billion budget, which does not contain the $33-per-employee monthly tax on larger employers he sought, meaning it will take effect without his signature. Tue, 23 Dec 2025 16:24:54 +0000 /tax/articles/2418719?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2418719 Importers faced novel levels of uncertainty in 2025 as President Donald Trump introduced several new tariff actions during his second term, including some that prompted importers to challenge a law used to authorize duties that had never been used before. Here, Law360 examines the year's top international trade developments. Tue, 23 Dec 2025 15:42:48 +0000 /tax/articles/2418450?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2418450 Pennsylvania's much-delayed 2025 budget bill contained some big public-policy changes like ending a carbon cap-and-trade program, offering an $800 income tax credit and providing stopgap funding for mass transit, even as its domination of the state Legislature's time prevented much else from passing, attorneys told Law360 in reviewing major laws that passed in the last year. Tue, 23 Dec 2025 15:39:44 +0000 /tax/articles/2425120?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2425120 Massachusetts would double its real estate transfer fees under a bill advanced by a legislative committee that would raise an estimated $300 million annually to fund affordable housing and climate mitigation efforts. Mon, 22 Dec 2025 18:37:26 +0000 /tax/articles/2424829?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2424829 The Tenth Circuit is not the proper forum for a Utah plumbing company to challenge the Internal Revenue Service's 2016 notice denying a microcaptive insurance deduction, the appeals court found Monday, citing two statutes that bar the company's arguments. Mon, 22 Dec 2025 18:07:49 +0000 /tax/articles/2424679?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2424679 The Sixth Circuit vacated a nearly $7 million restitution order against a pharmaceutical salesman convicted of healthcare fraud, finding an Ohio federal court erred in calculating that amount and apportioning liability. Mon, 22 Dec 2025 18:03:22 +0000 /tax/articles/2424747?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2424747 Chicago aldermen have passed a budget that omits Mayor Brandon Johnson's signature tax proposal of a $33-per-employee monthly tax on larger businesses, setting up a clash with the mayor, who must now decide whether to veto the council's plan. Mon, 22 Dec 2025 17:57:44 +0000 /tax/articles/2424874?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2424874 A bipartisan draft bill in the U.S. House would modernize the federal tax code for digital assets, its backers said, by establishing a "commonsense tax treatment" for regulated payment stablecoins, clarifying source-of-income rules for trading and extending existing securities-lending rules to digital assets. Mon, 22 Dec 2025 16:05:46 +0000 /tax/articles/2424753?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2424753 Britney Spears is challenging the IRS over the more than $720,000 it assessed against her in 2021, telling the U.S. Tax Court that the agency improperly increased income she received through her pass-through entity. Mon, 22 Dec 2025 15:03:25 +0000 /tax/articles/2424783?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2424783 It would be an "administrative problem" to issue tariff refunds in the aftermath of a potential U.S. Supreme Court ruling against the White House's trade measures, a top economic policy official said. Mon, 22 Dec 2025 13:05:53 +0000 /tax/articles/2424725?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2424725 A Montessori school in Minnesota was exempt from property taxes as a seminary of learning, the state tax court ruled, saying it met the requirements for the tax break as outlined in case law. Fri, 19 Dec 2025 18:13:06 +0000 /tax/articles/2424287?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2424287 A property transfer tax that adds 4% to 5.5% to the cost of Los Angeles real estate deals of more than $5 million is legal under the U.S. and California constitutions, a state appeals panel ruled, upholding a trial court. Fri, 19 Dec 2025 17:39:21 +0000 /tax/articles/2423135?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2423135 Tax valuation and advisory firm Andersen Group Inc. has closed a $202 million initial public offering, marking a rare IPO that required legal teams to navigate uncommon structural and governance challenges, according to attorneys who steered the offering. Fri, 19 Dec 2025 17:10:38 +0000 /tax/articles/2423881?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2423881 A Connecticut man pled guilty to tax evasion after using $5.2 million of his private equity fund's money to pay personal expenses and causing a criminal tax loss of nearly $2.2 million, federal prosecutors said. Fri, 19 Dec 2025 15:57:21 +0000 /tax/articles/2424184?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2424184 The Internal Revenue Service released guidance Friday easing the carbon capture tax credit's environmental reporting requirements, taking effect by the end of the year, for energy systems that permanently secure the emissions in geological locations, such as deep underground rock formations. Fri, 19 Dec 2025 15:44:38 +0000 /tax/articles/2414278?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2414278 From a Colorado appellate court upholding a tax on Netflix subscriptions to Pennsylvania's high court finding the Pittsburgh fee on nonresident pro athletes unconstitutional, 2025 was a busy year for state and local tax cases. Here, Law360 looks at the most influential cases of 2025 and their impact going into the new year.