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BankUnited’s $40M Tax Refund Claim Too Late, Court Told

by usoftax_admin | Jul 29, 2024 | Tax News

BankUnited is not owed a $39.8 million tax refund stemming from its acquisition of a failed bank, the government told a Florida federal court, saying the statute of limitations had expired for the company to receive refunds for 2009, 2010 and 2011.

Think Like A Lawyer: Dance The Legal Standard Two-Step

by usoftax_admin | Jul 29, 2024 | Tax News

From rookie brief writers to Chief Justice John Roberts, lawyers should master the legal standard two-step — framing the governing standard at the outset, and clarifying why they meet that standard — which has benefits for both the drafter and reader, says Luke...

Hunter Biden Attys Say They Didn’t Mislead Judge In Tax Case

by usoftax_admin | Jul 29, 2024 | Tax News

Hunter Biden’s attorneys told a Los Angeles federal judge that while several statements in their motion to dismiss tax charges against the president’s son were worded “perhaps inartfully,” they never intended to mislead the court in a way that...

Clean Energy Tax Credit Sales Could Hit $25B, Report Says

by usoftax_admin | Jul 29, 2024 | Tax News

Total sales of clean energy tax credits could reach as high as $20 billion to $25 billion this year, signaling a flourishing marketplace for credit sales authorized by the 2022 climate law, according to a midyear report released Monday by a climate tech startup...

Co.’s $1.7M Penalty Bill Was Due To IRS Errors, Court Told

by usoftax_admin | Jul 29, 2024 | Tax News

The Internal Revenue Service didn’t follow its own rules when processing a Texas company’s employee retention credit claims and therefore shouldn’t have found liability for over $1.7 million in penalties, interest and fees, the company told a federal...
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