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Katten Muchin Rosenman LLP

Winning the Talent War: What the Data Says About Family Office Compensation in 2026

On May 6, Katten hosted its annual program, "Family Office Compensation and Talent: 2026 Trends and Planning," bringing together leaders from Botoff Consulting, Mack International and Katten's own Family Offices and Employee...more

Nossaman LLP

Worse Than Vermin: Restaurant Buyer Gets Stuck With Seller’s Unpaid Sales Tax Tab

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You wouldn’t buy a restaurant or bar without doing a “walk-through,” checking staff and clientele and kicking the floorboards for rats or cockroaches. But you should also kick the financial floorboards for unpaid sales taxes....more

Fried Frank

Potential Change to UK Tax Treatment of US LLCs

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Following an initial informal announcement by the Chancellor in April, HM Revenue & Customs has now launched a consultation on the UK tax treatment of US LLCs and other non-UK “reverse hybrid” entities (entities which are...more

Dickinson Wright

Ohio Opens Nomination Window for Opportunity Zones 2.0 Designations

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Ohio has opened a short nomination window for census tracts to be considered for the next generation of federal opportunity zone designations. The nomination period opened June 10, 2026, and nominations must be submitted by...more

Baker Botts L.L.P.

The California Billionaire Tax Act: Delayed, Contested, and Uncertain Revenue

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The 2026 Billionaire Tax Act (“BTA”) asks policymakers to rely on revenue that may be slow, contested, and uncertain. The Act’s own design creates four practical problems: (1) court challenges could delay collection for...more

Offit Kurman

United States Tax Court Delivers Important R&D Credit Win for Architectural Innovation

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The United States Tax Court released its opinion today on Smith v. Commissioner, T.C. Memo. 2026-50, and it is a significant R&D credit win for taxpayers that perform sophisticated technical work for clients....more

Beveridge & Diamond PC

Court Restores 5% Safe Harbor for Wind and Solar as July 4 Deadline Nears

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Key Takeaways - What Happened: On June 6, 2026, the U.S. District Court for the District of Columbia vacated Internal Revenue Service (IRS) Notice 2025-42, which eliminated the 5% Safe Harbor for most wind and solar...more

Morgan Lewis

French Parliament Adopts Bill Expanding Project Owners’ Social Liability

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A new bill on combating social security and tax fraud was definitively adopted by the French Parliament on 11 May 2026. It contains substantial provisions on undeclared work and subcontracting, with the clear objective of...more

Foster Swift Collins & Smith

How Parents Can Help Children Buy a Home: Intrafamily Mortgage Financing Explained

In today’s housing market, many first-time buyers, especially younger buyers, face significant challenges. High interest rates, competitive bidding environments, and limited inventory have made it increasingly difficult to...more

Carlton Fields

The IRS Is Done Asking Nicely on Conservation Easements

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The fifth — and likely final — settlement initiative is here. Congress is backing it. The Landscape - On May 13, 2026, the IRS announced a new 90-day settlement window for taxpayers involved in syndicated conservation...more

BCLP

Incentivizing Key Employees in a Company Sale

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When a company is preparing for a sale, transaction-based incentives can be an effective way to recognize and retain key employees. In practice, these incentives generally fall into two categories—equity and non-equity...more

Tonkon Torp LLP

Most Business Owners Forget This Key Succession Planning Step

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For most business owners, succession planning for their business involves preparing the company for transfer, determining its value, and identifying a buyer or recipient (third-party, internal, family), often to maximize...more

Cozen O'Connor

New York City’s New Pied-à-Terre Tax: What Condominiums and Cooperatives Need to Know

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As part of its Fiscal Year 2026-2027 New York State Budget Bill, the New York State Legislature has amended the New York State Tax Law by adding Article 30-C, entitled “City Surcharge on Property That Does Not Serve as a...more

Troutman Pepper Locke

Treasury and IRS Release Updated Guidance on Energy Communities - Troutman Pepper Locke

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IRS Notice 2026-39, issued June 10, 2026, updates the qualifying energy community lists under the Statistical Area Category and Coal Closure Category for the energy community bonus under Sections 45, 45Y, 48, and 48E of the...more

Troutman Pepper Locke

District Court Vacates IRS Notice 2025-42, Restoring Five Percent Safe Harbor Option for Beginning of Construction

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On June 6, 2026, the U.S. District Court for the District of Columbia vacated Notice 2025-42 (the Notice) in Oregon Environmental Council v. IRS, No. CV-25-4400. The Notice had eliminated the long-standing Five Percent Safe...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Why Good TPAs Are Harder to Find Than Good Quarterbacks

Anyone who works in the retirement plan industry has heard the complaint from advisors and plan sponsors alike: it’s getting harder to find a good TPA....more

A&O Shearman

Recognition of liabilities in insolvency proceedings: legal certainty regarding claims not filed with the insolvency schedule

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In its judgment of April 21, 2026 — IX R 34/24, the German Federal Fiscal Court (Bundesfinanzhof, BFH) ruled that a creditor's decision not to file its claim with the insolvency schedule (Insolvenztabelle) triggers neither a...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Trump Administration Appeals Ruling Striking Down $100,000 H-1B Fee Requirement

On June 11, 2026, the Trump administration filed a notice of appeal challenging the U.S District Court for the District of Massachusetts’s June 8, 2026, decision vacating the $100,000 H-1B fee requirement. Judge Leo T....more

White & Case LLP

Digital crossroads: Can the Philippines deliver on data centers?

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The Philippines is vying to become Southeast Asia’s next-wave data center hub, but its success will turn on whether recent structural reforms and shifting energy economics can overcome longstanding power and localization...more

Foley & Lardner LLP

Mexico Overhauls Administrative Litigation: What the LFPCA Reform Means for Taxpayers and Businesses

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On June 9, 2026, the Decree amending, supplementing, and repealing several provisions of the Federal Administrative Litigation Law (Ley Federal de Procedimiento Contencioso Administrativo, or LFPCA) was published in Mexico’s...more

Morgan Lewis

Corporate Audits Remain High-Impact Despite Lower Audit Counts and Smaller Year-End Workforce

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The Internal Revenue Service (IRS) recently released its fiscal year (FY) 2025 Data Book, which offers an important message for corporate taxpayers: lower audit volume and reduced year-end staffing do not necessarily...more

Troutman Pepper Locke

The USPS Postmark Rule: What HR and Benefits Teams Need to Know

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We have all been there. Whether it involves a birthday or a business meeting, everyone knows the feeling of scrambling to remember an important date. In the world of benefit plan notices, dates matter too. The small date...more

Paul Hastings LLP

SEC Proposes Rescission of Regulation NMS Rules, CFTC Proposes Event Contracts Review Framework and OCC Confirms Preemption for...

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The SEC proposed amendments to rescind Rules 611 and 610(e) of Regulation NMS, which could have significant implications for the trading of tokenized securities. The CFTC published a notice of proposed rulemaking that would...more

Bilzin Sumberg

GOAL!!!! U.S. and Canada Agree on World Cup Prize Money Tax Rules

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Miami is all the hype these next two weeks as a FIFA World Cup host city. With seven matches lined up at Hard Rock Stadium — including group-stage thrillers and a bronze final — our city will welcome teams, players, staff,...more

Eversheds Sutherland (US) LLP

Tax Bytes: Week of June 8, 2026

Welcome to the latest edition of Tax Bytes. Our team of tax lawyers is actively monitoring for federal and international tax developments and issues of note. We pull together the items we deem most important to provide...more

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