Law360: Tax /tax?utm_source=rss&utm_medium=rss&utm_campaign=section Latest articles for: Tax Copyright 2025 sa¹ú¼Ê´«Ã½. en-US Thu, 14 Aug 2025 13:34:32 +0000 Del. Lawmakers Seek Study To Fix Property Tax Assessments /tax/articles/2377265?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2377265 Delaware's General Assembly called for an immediate review of a recent statewide property reassessment to develop legislation to improve the state's property tax assessment process under a Senate concurrent resolution passed by state lawmakers. Thu, 14 Aug 2025 12:22:54 +0000 Hiking Makes Me A Better Lawyer /tax/articles/2352637?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2352637 On the trail, I have thought often about the parallels between hiking and high-stakes patent litigation, and why strategizing, preparation, perseverance and joy are important skills for success in both endeavors, says Barbara Fiacco at Foley Hoag. Thu, 14 Aug 2025 12:05:17 +0000 Clark Hill Expands Tax Bench With Plunk Smith Atty In Texas /tax/articles/2377094?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2377094 Clark Hill PLC announced Thursday that it has bolstered its tax and estate planning group in North Texas with an attorney who came aboard from Plunk Smith PLLC. Thu, 14 Aug 2025 11:46:57 +0000 Opportunity Zone Overhaul Is Good News For Investors /tax/articles/2376434?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2376434 Recently enacted reforms making the qualified opportunity zone program permanent, restoring the basis step-up for capital gains and adding flexibility to the zone designation process enhance the program’s appeal for long-term investment, says Steven Hadjilogiou at McDermott. Wed, 13 Aug 2025 20:55:12 +0000 GAO Upholds $37M IRS Deal For IT Support /tax/articles/2375747?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2375747 The U.S. Government Accountability Office shot down a protest from an incumbent contractor for the Internal Revenue Service after it lost out on an information technology deal to a rival business, saying the IRS reasonably weighed the strengths of both businesses. Wed, 13 Aug 2025 20:20:53 +0000 Fla. Court Rules 50% Property Transfer Resets Tax Cap /tax/articles/2376752?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2376752 A Florida appeals court ruled Wednesday that the transfer of 50% ownership of a commercial property constituted a change of ownership under state law, making the property ineligible for the 10% annual cap on any increase in assessed value for property tax purposes. Wed, 13 Aug 2025 18:43:30 +0000 2nd Circ. Upholds Ban On Certain SALT Cap Workarounds /tax/articles/2376774?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2376774 An Internal Revenue Service rule prohibiting charitable donation workarounds to the federal cap on state and local tax deductions will remain in place, a Second Circuit panel said Wednesday, affirming a district court determination that upheld the agency's ban on the programs. Wed, 13 Aug 2025 18:19:28 +0000 What US-India Trade Deal Will Mean For Indian Pharma /tax/articles/2373752?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2373752 Complicated by newly imposed tariffs from the U.S., the outcome of the U.S.-India trade talks is poised to reshape not just trade policy, but also the strategic alignment of the two countries' pharmaceutical ecosystems, says Jashaswi Ghosh at Holon Law Partners. Wed, 13 Aug 2025 17:24:42 +0000 White House Report Strikes An Optimistic Note On Crypto /tax/articles/2372557?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2372557 Taking seriously President Donald Trump's pledge to adopt a pro-innovation mindset toward digital assets and blockchain technologies, a recent benchmark White House report on crypto provides a comprehensive regulatory framework that takes into account the products' novel characteristics within the high-tech ecosystem, say attorneys at Davis Wright. Wed, 13 Aug 2025 16:48:31 +0000 2nd Circ. Asked To Review Bid To Bar NYC Congestion Pricing /tax/articles/2376362?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2376362 The Second Circuit should review a federal court's decision to grant the Metropolitan Transportation Authority and Triborough Bridge and Tunnel Authority's bid to dismiss a pair of lawsuits alleging Manhattan's congestion pricing tolls are discriminatory and trample on motorists' right to travel, a New York county argued Tuesday. Wed, 13 Aug 2025 15:51:17 +0000 Tax Pro From V&E Joins Loeb & Loeb's DC Office As Partner /tax/articles/2376098?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2376098 Loeb & Loeb LLP has expanded its tax, corporate and capital markets capabilities with the addition of a veteran tax attorney from Vinson & Elkins LLP as a partner in its Washington, D.C., office. Wed, 13 Aug 2025 15:48:45 +0000 US Threatens Retaliation For 'Global Carbon Tax' On Shipping /tax/articles/2376566?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2376566 The U.S. government has preemptively threatened to retaliate against countries that adopt a multilateral plan to shift the global shipping industry toward achieving net-zero greenhouse gas emissions, claiming it's "a global carbon tax" that would disfavor liquefied natural gas and biofuels. Wed, 13 Aug 2025 14:51:23 +0000 Law School's Missed Lessons: Negotiation Skills /tax/articles/2357948?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2357948 I took one negotiation course in law school, but most of the techniques I rely on today I learned in practice, where I've discovered that the process is less about tricks or tactics, and more about clarity, preparation and communication, says Grant Schrantz at Haug Barron. Wed, 13 Aug 2025 13:24:48 +0000 Delaware Bill Seeks Separate Tax Rates For Property Types /tax/articles/2376762?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2376762 Delaware would authorize school districts to set different tax rates for residential and nonresidential property under a bill introduced in the state House for consideration in a special legislative session. Tue, 12 Aug 2025 18:28:44 +0000 Fed. Circ. Won't Revive Real Estate Co.'s IRS Contract Dispute /tax/articles/2376265?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2376265 A real estate company failed to show that the Internal Revenue Service improperly blocked its bid to continue leasing office space to the agency after agency employees complained about the building, the Federal Circuit said Tuesday, affirming a Court of Federal Claims ruling. Tue, 12 Aug 2025 18:11:13 +0000 Taxpayers Face Tough Choices Under NJ's New Nexus Rules /tax/articles/2370894?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2370894 Though New Jersey’s new rules expanding the commercial nexus that triggers state taxation are likely to be challenged, businesses still need to carefully consider whether it’s best to minimize potential tax by reducing online customer support services or maintain their current instate services and begin paying tax, say attorneys at Husch Blackwell. Tue, 12 Aug 2025 17:48:36 +0000 Groups Urge IRS To Resist Pressure To Share Taxpayer Info /tax/articles/2376023?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2376023 Advocacy groups urged the Internal Revenue Service on Tuesday to keep resisting presidential pressure to share confidential tax-return information with immigration enforcement authorities, saying the abrupt departure of the agency's new commissioner highlights the need for oversight. Tue, 12 Aug 2025 17:47:11 +0000 Bipartisan Bill Could Aid ESOP Formation, Valuation Clarity /tax/articles/2376074?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2376074 The proposed Retire through Ownership Act represents a meaningful first step toward clarifying whether transactions qualify under the adequate consideration exemption in the Employee Retirement Income Security Act, potentially eliminating the litigation risk that has chilled employee stock ownership plan formation, say attorneys at Moore & Van Allen. Tue, 12 Aug 2025 17:46:55 +0000 Trump Nominates 5 To Mississippi, Alabama Federal Courts /tax/articles/2376422?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2376422 President Donald Trump announced on Tuesday five judicial nominees for federal courts in Mississippi and Alabama, one of whom Trump tried to put on the bench in his first term. Tue, 12 Aug 2025 17:27:53 +0000 DOL Yanks 2021 Guidance On Private Equity 401(k) Risks /tax/articles/2376380?utm_source=rss&utm_medium=rss&utm_campaign=section /tax/articles/2376380 The U.S. Department of Labor's employee benefits arm on Tuesday rescinded guidance from 2021 that warned 401(k) plan managers about the risks of investing in private equity, which comes after an executive order last week that called for expanding access to alternative asset classes in defined-contribution retirement plan investing.