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IRS Tells 10th Circ. To Deny Liberty Global’s $110M Refund Bid

by usoftax_admin | Jun 27, 2024 | Tax News

The U.S. government urged the Tenth Circuit on Thursday to reject telecommunication giant Liberty Global’s push for a $110 million tax refund, arguing a lower court correctly deduced that the company’s business restructurings were carried out solely to...

Tracking Implementation Of IRA Programs As Election Nears

by usoftax_admin | Jun 27, 2024 | Tax News

As the Biden administration races to cement key regulations implementing the Inflation Reduction Act, a number of the law’s programs and incentives are at risk of delay or repeal if Republicans retake control of Congress, the White House or both — so...

$2.1B Danish Tax Fraud Mastermind Won’t Testify, Court Says

by usoftax_admin | Jun 27, 2024 | Tax News

A New York federal court denied dueling requests from U.S. pension plan investors accused of participating in a $2.1 billion Danish tax fraud scheme and from Denmark’s tax agency to bring in the man that both sides say masterminded the scheme, or to bring in one...

Ex-Skadden Tax Head And M&A Pro Joins Freshfields In NY

by usoftax_admin | Jun 27, 2024 | Tax News

Freshfields Bruckhaus Deringer LLP has added the former head of the tax practice at Skadden Arps Slate Meagher & Flom LLP as a partner this week, who brings to the role experience in deals like 21st Century Fox’s $71 billion acquisition by Disney and the...

TIGTA Points To Areas Of Improvement For Direct File

by usoftax_admin | Jun 27, 2024 | Tax News

A phase of the Direct File pilot program that allowed eligible IRS employees to get the first crack at the online tax filing service had issues with accuracy of its tax returns and lacked a Spanish translation, the Treasury Inspector General for Tax Administration...
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