Lawsuits

A federal appeals court in Washington agreed with President Donald Trump that a lower court should decide whether Democrats in Congress must narrow their subpoena to his accounting firm for his financial records.

New York, New Jersey, Connecticut and Maryland faced skeptical questioning from a panel of federal judges considering whether to revive a lawsuit that challenges a U.S. cap on individual deductions for state and local taxes.

New York authorities are seeking more records of Donald Trump's company’s communication with an engineer who helped appraise its property.

Chris Rokos, who runs the hedge fund that bears his name, sued Deloitte and a U.S. law firm after 39.4 million pounds ($52 million) in tax relief was thrown out by U.K. authorities.

The auction house was accused of helping a wealthy shipping company owner avoid paying income taxes on artwork he purchased.

Grant Thornton has prevailed in an appeal by a former tax client who had sued after the firm failed to advise him of a tax strategy that potentially could have saved him over a million dollars and then allegedly tried to cover up the error.

A federal appeals panel rejected President Donald Trump’s latest bid to block the Manhattan district attorney from getting his tax filings and other financial records.

The coronavirus pandemic is creating new exposures for accounting firms, and exacerbating others.

Lawyers for Donald Trump were met with skepticism from federal appeals court judges as they made their latest attempt to block New York prosecutors from getting their hands on his tax filings and other financial documents through a grand jury subpoena.

The Manhattan district attorney said press reports suggesting potential misdeeds by President Donald Trump and his company could justify a grand jury subpoena of the president’s taxes and other financial records.