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Tax Court Denies Couple’s Claim To Energy Credits

by usoftax_admin | Apr 3, 2025 | Tax News

A couple is not entitled to claim energy credits from an Arizona partnership whose manager pled guilty in a tax fraud scheme involving solar power equipment, the U.S. Tax Court ruled Thursday.

EU Top Court Backs €4.2M Tax Levy Against Game Developer

by usoftax_admin | Apr 3, 2025 | Tax News

Lithuanian tax authorities did not err when disallowing a video games company’s tax deductions for dividends it received from a subsidiary, resulting in a charge of €4.2 million ($4.6 million) in taxes, interest and penalties, the European Union’s top...

Measuring And Mitigating Harm From Discriminatory Taxes

by usoftax_admin | Apr 3, 2025 | Tax News

In response to new tariffs and other recent “America First Trade Policy” pronouncements, corporations should assess and take steps to minimize their potential exposure to discriminatory and reciprocal tax measures that are likely to come, say economists at...

DOGE Cuts Overlook Long-Standing Bids To Improve IRS

by usoftax_admin | Apr 3, 2025 | Tax News

As President Donald Trump moves to downsize the federal government, the new administration may be missing an opportunity to evaluate long-standing proposals that aim to make the Internal Revenue Service run more efficiently, such as major technology upgrades and...

‘No Serious Question’ Federal Firings Broke Law, Justices Told

by usoftax_admin | Apr 3, 2025 | Tax News

Federal employee unions and advocacy groups urged the U.S. Supreme Court on Thursday to reject the Trump administration’s bid to pause a California court order reinstating tens of thousands of probationary workers fired from six agencies, arguing the government...
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