ABA Journal

Tax Law

834 ABA Journal Tax Law articles.

Treasury must provide Congress with Trump’s tax returns, Justice Department says in legal opinion

The U.S. Treasury Department must turn over former President Donald Trump’s tax returns to Congress because it has provided facially valid reasons for the request, according to an opinion released…

Should you incorporate your firm as an S corporation?

The business entity you select for your firm has enormous implications for your annual tax liability. In addition, determining whether to make additional tax elections with the IRS can be one of the more confusing aspects when establishing a law firm. Which structure is right when you start your firm? Should you start with one structure and modify it down the line? What tax advantages could you gain from a change?

4th Circuit dismisses Baltimore attorney’s suit against SPLC over ties to white supremacist group

Southern Poverty Law Center articles that publicized a Baltimore attorney’s connection to a white supremacist group are protected under the First Amendment, a federal appeals court ruled Monday.

Trump Organization says CFO is ‘pawn’ for politics in criminal prosecution; indictment alleges tax fraud

Updated: The Trump Organization and its chief financial officer, Allen Weisselberg, have been charged with a 15-year scheme to defraud tax authorities by awarding off-the-books compensation to corporate officials.

Tax charges don’t deter ADA lawyer, who filed a thousand access complaints after indictment

Sacramento, California, lawyer Scott Johnson has filed more than a thousand disability access complaints in the San Francisco Bay Area since his May 2019 indictment on tax charges.

Afternoon Briefs: Kristen Clarke confirmed as DOJ civil rights chief; SCOTUS chief justice speaks to law grads

Senate confirms Kristen Clarke

The U.S. Senate on Tuesday confirmed Kristen Clarke to head the Department of Justice’s Civil Rights Division on a 51-48 vote. Clarke was president and…

Legal malpractice payouts are the highest on record, insurance broker reports

Payouts for legal malpractice claims are at an all-time high, according to a new survey by insurance broker Ames & Gough. Ames & Gough surveyed 11 leading legal malpractice insurers about claims paid from 2019 to the middle of 2020.

Afternoon Briefs: Multistate suit challenges coronavirus relief provision; Crowell combines with boutique

Lawsuit challenges tax provision in COVID-19 relief bill

Ohio Attorney General Dave Yost has filed a lawsuit challenging a tax provision in the $1.9 trillion coronavirus relief package. The provision…

Supreme Court refuses to block subpoena for Trump’s financial records

The U.S. Supreme Court on Monday turned down former President Donald Trump’s emergency request to block a subpoena for his tax and financial records.

Still no action from SCOTUS on Trump’s emergency request for subpoena relief in tax records case

The U.S. Supreme Court is taking its time with an emergency request by former President Donald Trump to block a subpoena for his tax records.

Lawyer tries to persuade IRS it doesn’t owe him $285K

Lawyer Todd Rothbard of Santa Clara, California, tried to reach the Internal Revenue Service after it told him in a Jan. 4 letter that he miscalculated his 2019 taxes, and he is due more than $284,000.

Afternoon Briefs: Biden addresses environmental justice; scammers impersonate law firm

Biden climate orders address environmental justice

President Joe Biden on Wednesday signed executive orders to address climate change. Biden paused oil and gas leases on federal land and created a…

Morgan Lewis ordered to turn over Trump docs in tax probe; firm will end representation

Morgan, Lewis & Bockius announced Wednesday that it will be dropping former President Donald Trump and the Trump Organization as tax clients.

In suit with implications for law firms, US is accused of raising bar on PPP loan forgiveness

A lawsuit filed Tuesday alleges that the U.S. Small Business Administration appears to be making it more difficult for companies to gain forgiveness of paycheck protection loans intended to help businesses survive during the COVID-19 pandemic.

Supreme Court puts off action on Trump-related cases; is it waiting for the clock to run out?

The U.S. Supreme Court does not appear to be in a rush to decide legal matters related to President Donald Trump. It’s possible the Supreme Court is “allowing the clock to run out,” according to one news organization.

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