Law360: Federal Tax Cases To Watch In 2024

Eversheds Sutherland Partner Mary Monahan is quoted in this Law360 article discussing federal tax cases to watch in 2024, particularly how the Supreme Court is expected to weigh in on whether Congress has the authority to tax unrealized income under the 16th Amendment after the justices in early December heard oral arguments in a high-profile case known as Moore v. U.S.

The case is significant "because it really implicates the fundamental principles that we've all been thinking we've been operating under" since the 16th Amendment was passed by Congress in 1909, Mary told Law360.

 

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Publication: Law360