As President Donald Trump=E2=80=99s embattled personal attorney Michael C= ohen fights an FBI search warrant tied to his personal business dealings in= federal court, New York City and state records show Cohen and his wife owe= more than $110,000 in taxes related to NYC taxicab businesses that they ow= n.

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Thursday, April 19, 2018

TOP NEWS

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Michael Cohen, Wife= Owe $110K Taxes On Taxi Cos., Docs Say

As President Donald Trump’s embattled personal attorney Michael= Cohen fights an FBI search warrant tied to his personal business dealings = in federal court, New York City and state records show Cohen and his wife o= we more than $110,000 in taxes related to NYC taxicab businesses that they = own. Read more »

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House Votes Unanimousl= y To Scrap IRS Oversight Board

In a show of bipartisanship, the U.S. House of Representatives voted = unanimously on Wednesday in favor of eliminating the Internal Revenue Servi= ce’s Oversight Board, along with other provisions. Read more »

=09=09=09=09 =09=09=09=09

Bill To Trash Some= Tax Extenders Out By May At Earliest

The House subcommittee responsible for addressing tax extenders may i= ntroduce legislation by the end of May that would scrap some of the extende= rs, the subcommittee’s chairman said after leading a closed-door meet= ing with other members of Congress to address the issue. Read more »

=09=09=09=09 =09=09=09=09

Coke Downplays Bra= nds’ Tie To Profit, Says Witness For IRS

Coca-Cola’s foreign business units are more profitable than sim= ilar food and beverage companies because of the company’s brands and = its dominance of local markets, an economist testified for the Internal Rev= enue Service Wednesday in its transfer pricing trial at the U.S. Tax Court. Read more »

FEDERAL

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Privacy Group Star= ts 2nd Lawsuit Seeking Trump's Tax Info

A Washington, D.C.-based privacy organization on Tuesday sued the Int= ernal Revenue Service in D.C. federal court for a second time over what it = called the agency’s failure to turn over information related to Presi= dent Donald Trump’s tax records. Read more »

=09=09=09=09 =09=09=09=09

Reviving $92.5B In = Tax Extenders Needless, Think Tank Says

The Tax Foundation said in a paper Tuesday that if the 26 now-expired= tax provisions being reviewed by a House subcommittee became permanent, th= e 10-year cost of doing so would be around $92.5 billion, but it said some = provisions were no longer necessary and others should be allowed to expire. Read more »

STATE & LOCAL

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Tax Pros No Longer = Sure About Justices' Take On Wayfair

A group of tax professionals said Tuesday’s oral arguments befo= re the U.S. Supreme Court in a landmark online taxation case left them with= the impression that the high court would not easily overturn precedent by = allowing states to tax beyond their borders. Read more »

INTERNATIONAL

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OECD Issues Draft P= olicy For Protecting Mining Revenue

The Organization for Economic Cooperation and Development released a = draft of potential policies Wednesday to combat situations in which multina= tionals carry out debt financing to build mines in developing countries and= then use interest deductions to shift taxable profits away. Read more »

=09=09=09=09 =09=09=09=09

Investment Fund Loo= ks To Get $27M Golf Club Co. Award OK'd

A Korean investment fund asked a California federal court on Wednesda= y to confirm a nearly $27 million award that arose from its investment in a= golf club shaft manufacturer that later admitted it was facing tax evasion= issues, saying a challenge to the award has come up short. Read more »

EXPERT ANALYSIS

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At Wayfair Args, Ju= stices Seem Hesitant To Overturn Quill

The South Dakota v. Wayfair oral argument was lively, to say the leas= t. While the justices' comments indicate that the U.S. Supreme Court is div= ided about the appropriate response to the South Dakota law at the heart of= this matter, based on the arguments, a ruling to affirm the status quo and= hold for the taxpayers would not be surprising, say Clark Calhoun and Kend= all Houghton of Alston & Bird LLP.=20 Read more »

=09=09=09=09 =09=09=09=09

Best Practices For Building A B= etter Meeting

How can we improve meetings in the legal industry, which tends to evo= lve with the speed of a tranquilized water buffalo mired in quicksand? Brea= king it down to three phases can yield significant benefits, says Nicholas = Cheolas of Zelle LLP. Read more »

LEGAL INDUSTRY

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EXCLUSIVE: Riley Safer E= lects First Black Female MP

Riley Safer Holmes & Cancila LLP has elected its first African-A= merican female managing partner, potentially marking a racial barrier-break= ing first for the industry, Law360 has learned exclusively. R= ead more »

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Feature

Client Push Gets M= ore Firms Into The Labor Lobbying Game

Many employers now demand the opportunity to shape laws and regulati= ons as they’re being written rather than simply scrambling to comply = after the fact, a desire that has led to an explosion of competition among = large law firms to set up and grow labor and employment lobbying shops. Read more »

=09=09=09=09=09 =09=09=09=09=09

El Paso Appellate Backlog = Prompts Case Transfers

The Texas Supreme Court took a first-of-its-kind step last week, tra= nsferring more than 80 fully briefed cases away from the Eighth Court of Ap= peals in El Paso — some that have been pending for more than two year= s — as the court works to clear a backlog. Read more »<= /a>

=09=09=09=09=09 =09=09=09=09=09

Cohen, Feds Name = Special Master Picks To Audit Seized Docs

President Donald Trump’s attorney Michael Cohen and federal pr= osecutors both submitted candidates for a possible "special master" to revi= ew materials the FBI seized from Cohen, with the government suggesting thre= e retired magistrate judges and Cohen naming four former federal prosecutor= s, including a former top SEC enforcer. Read more »<= /a>

=09=09=09=09=09 =09=09=09=09=09

Let Judge See= Mediator’s Notes, Proskauer Atty Tells 2nd Circ.

An attorney at Proskauer Rose LLP who anonymously accused the firm o= f gender discrimination told the Second Circuit on Wednesday a lower judge = was wrong to reject her request for a mediator's notes that she believes pr= ove her claim the firm threatened to fire her, saying the judge should dete= rmine if they're relevant. Read more »

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Judge's Killer Must Die, 11th Ci= rcuit Rules

The Eleventh Circuit Wednesday agreed with a lower court’s dec= ision to uphold the execution, scheduled for Thursday, of pipe bomber Walte= r Leroy Moody Jr., who killed an Eleventh Circuit judge in 1989, while disa= greeing with the lower court’s reasoning. Read more »

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Associate Attorney - Estate P= lanning Law Monzingo Legal Hartford, Connecticut	Paralegal - Commercial Real E= state Transactions Monzingo Legal Miami, Florida
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