Former Twitter Chairman Omid Kordestani sued the social media company, claiming that billionaire owner Elon Musk is refusing to cash out more than $20 million worth of shares he is owed.

The Securities and Exchange Commission on Friday announced that it settled charges against Ideanomics, Inc. for $1.4 million over an alleged scheme to mislead the public over its financial performance.

Cryptocurrency owners can challenge portions of a tax reporting requirement affecting large digital asset transactions even though final rules haven’t yet been issued, the Sixth Circuit said Friday, partially reversing a lower court’s decision to dismiss the case.

The Commodities Futures Trading Commission obtained a consent order against FTX Trading Ltd. and Alameda Research LLC under which the companies must pay $12.7 billion to resolve claims that they defrauded their cryptocurrency customers, a federal district court said.

The IRS updated a draft version of a form that brokers will use to report certain digital asset transactions, removing elements that cryptocurrency companies viewed as burdensome.

Suppose you’ve got money invested in a fund. You take some out, but days later you change your mind and put it back. Then the fund collapses. It turns out to be a Ponzi scheme. Under the dominant method for calculating reimbursement, your losses are going to be a lot bigger than if you’d just left the money there all along. And that’s OK, says a decision this week by the US Court of Appeals for the Fourth Circuit.

Staffing shortages and record numbers of new tax disputes have led to a 31% increase in the number of administrative cases at the Washington Department of Revenue over the past five years.

A United Nations committee seeking to lay the foundations of a future global treaty on tax cooperation will meet over the weekend to find compromises between developed and developing nations on the scope and structure of the deal.

The Fifth Circuit should reject a man’s arguments that his employment income isn’t subject to taxation, the IRS told the court in a Thursday brief.

The Department of Health and Human Services wrongfully withheld payments to a Nevada health insurance cooperative under an Affordable Care Act cost-sharing program, a federal appeals court ruled.

23andMe Holding Co.’s strategy is shifting as the struggling DNA-testing firm shuts down its in-house drug development effort and gets into weight-loss, one of the hottest markets in health care.

The federal government urged the US Supreme Court to fix a breach of its sovereign immunity rights by undoing a series of decisions allowing a bankruptcy trustee to claw back certain IRS tax payments.

The Fifth Circuit should reject a man’s arguments that his employment income isn’t subject to taxation, the IRS told the court in a Thursday brief.

The Internal Revenue Service will provide tax relief and extend filing deadlines for individuals and businesses in four states affected by Hurricane Debby until Feb. 3, 2025, the agency announced Friday.

Illinois is overhauling its child labor law and providing more labor protections for minors, under a bill that will mostly go into effect on Jan. 1, 2025.

Ostroff Injury Law PC sued the US government alleging its delay in processing the law firm’s employee retention credit claim threatens to further derail a business already shaken by the Covid-19 pandemic.

The IRS announced additional actions to help small businesses and prevent improper payments in the Employee Retention Credit (ERC) program, including accelerating more payments and continuing compliance work on the ...

Missouri could be the next state to certify a minimum wage initiative. Questions on base pay or sick leave are certified for November ballots in four other states, with more possible.

Cannabis accounting experts Abraham Finberg and Simon Menkes say firms may be able to challenge some IRS interpretations of tax code Section 471(c) following the Loper Bright decision.

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When a client asks what amounts a given estate plan might cost or save, and a reliable approximation would require some complex math, you don’t have to say “Let me get back to you on that,” say Amy Albert and Austin Bramwell of Milbank LLP.

House Republicans’ doughty opposition to green spending has cracked in the face of a devious opponent: green spending.

Buchanan and Forvis Mazars attorneys examine a new IRS rule involving foreign corporations, noting that ambiguous foreign subsidiary language needs more clarification.

Acquihires, cash sweeps, Coke taxes and KKR’s TRA.