Tax Law

‘Colorful’ attorney with ‘massive client list’ sentenced for $2M theft, impersonating his lawyer

A New Jersey lawyer was sentenced to 5½ years in prison Thursday for stealing more than $2 million from his clients and, after he was charged, impersonating his lawyer in a letter to a bank.

Jun 4, 2024 9:54 AM CDT

Baker McKenzie partner drops suit seeking IRS documents on partnership scrutiny

A Baker McKenzie tax partner has dropped his lawsuit seeking documents from the Internal Revenue Service about its tougher policies for auditing partnerships.

May 23, 2024 1:57 PM CDT

With reclassifying proposal for cannabis, companies are seeing green

The smoke is finally clearing on decades of stigma. On Thursday, the White House Office of Management and Budget signed off on a proposal for the reclassification of marijuana, puffing the way forward from a Schedule I drug to a Schedule III drug.

May 17, 2024 12:11 PM CDT

Former BigLaw partner failed to pay taxes on about $3.4M in income, plea agreement says

A former partner at Husch Blackwell and Dykema Gossett has reached an agreement to plead guilty to failing to pay taxes on about $3.4 million in income.

May 15, 2024 9:11 AM CDT

Viral video shows former Rikers Island inmate as she learns she passed bar exam on first try

A woman who served six months in prison at Rikers Island in New York as a teenager passed the bar exam on the first try, a moment captured in a viral video posted to TikTok.

May 9, 2024 1:55 PM CDT

Former McElroy Deutsch CFO pleads guilty to embezzling more than $1.5M from firm

The former chief financial officer of McElroy, Deutsch, Mulvaney & Carpenter has pleaded guilty to embezzling more than $1.5 million from the law firm over a six-year period and failing to pay more than $22,000 in state income taxes.

May 9, 2024 9:27 AM CDT

Former general counsel failed to file federal tax returns while earning $54M, he admits in guilty plea

The former general counsel for the Moody’s Corp. pleaded guilty last week to willfully failing to pay tax returns during a four-year period in which he earned $54 million in total gross income.

Apr 30, 2024 9:30 AM CDT

Nina Olson has devoted her career to protecting taxpayer rights

When Nina Olson retired from the Internal Revenue Service in 2019, she knew her work wasn’t finished. “I kept saying, ‘I’m privileged and lucky to have been in the IRS for 18 years, and to have a sense of how the IRS works,’” she says. “I needed to share it in some way.” That same year, Olson started the Center for Taxpayer Rights.

Mar 28, 2024 2:55 PM CDT

Baker McKenzie partner sues IRS for documents on partnership audit strategies

A lawsuit filed by a Baker McKenzie tax partner is seeking to compel the Internal Revenue Service to disclose documents about its tougher policies for auditing partnerships, other pass-through entities and their owners.

Mar 20, 2024 2:10 PM CDT

Former BigLaw partner gets suspension over side law practice

A former Crowell & Moring partner has been suspended in New York for running a side law practice in violation of his partnership agreement and for underreporting the side income to tax authorities.

Jan 9, 2024 8:59 AM CST

Law prof, 78, sues Northwestern for alleged age bias in pay raises

A law professor who has been teaching at the Northwestern University Pritzker School of Law since 1981 has filed an age discrimination lawsuit alleging that he is receiving less in base pay than “significantly younger less experienced counterparts.”

Nov 10, 2023 10:51 AM CST

Ginni Thomas’ work with conservative activists led to movement that helped overturn precedent

The conservative legal movement gained ground after the U.S. Supreme Court struck down restrictions on independent campaign spending by corporations in the 2010 Citizens United v. Federal Election Commission ruling.

Sep 12, 2023 8:15 AM CDT

Justice Alito sees ‘no sound reason’ to recuse in tax case involving lawyer who interviewed him for newspaper

U.S. Supreme Court Justice Samuel Alito on Friday refused to recuse himself in a tax case handled partly by a lawyer whose co-interviews of the justice resulted in two articles in the Wall Street Journal.

Sep 8, 2023 12:22 PM CDT

Lawyer’s timeshare-donation tax shelter was ‘more of a bogus tax scheme,’ 9th Circuit says

A federal appeals court has upheld an $8.46 million penalty against a lawyer who promoted a timeshare-donation tax shelter that overvalued the properties.

Aug 18, 2023 9:53 AM CDT

Hunter Biden’s BigLaw lawyers deny deception day before their client’s plea deal put on hold

Lawyers for Hunter Biden are fighting on two fronts as U.S. District Judge Maryellen Noreika of the District of Delaware asked attorneys from Latham & Watkins on Tuesday to show cause why they shouldn’t be sanctioned and then put a proposed plea agreement on hold the next day.

Jul 27, 2023 11:40 AM CDT