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Exxon Claims It Beat Weak Defense In $1.8B Tax Trial

by usoftax_admin | Sep 24, 2024 | Tax News

Exxon Mobil urged a Texas federal judge to find that it defeated what it called a scattered defense by the U.S. government during a five-day bench trial in April when the company argued for a $1.8 billion tax refund on its natural gas deal with Qatar, according to...

Applications For Low-Income Energy Tax Breaks Due In Oct.

by usoftax_admin | Sep 24, 2024 | Tax News

With more than 50,000 applications for the low-income communities clean energy bonus credit program submitted, three U.S. government agencies announced Tuesday that they will be accepting applications on a rolling basis for most categories through Oct. 10 to make sure...

Tax Data Consent Practices Need Shoring Up, TIGTA Says

by usoftax_admin | Sep 24, 2024 | Tax News

The Internal Revenue Service must take steps to make sure any tax software companies that collect taxpayer information include consent statements that are clear about the intended purpose of the disclosure of that information and the specific recipients of it, the...

Why Now Is The Time For Law Firms To Hire Lateral Partners

by usoftax_admin | Sep 24, 2024 | Tax News

Partner and associate mobility data from the second quarter of this year suggest that there’s never been a better time in recent years for law firms to hire lateral candidates, particularly experienced partners — though this necessitates an understanding of...

Miller & Chevalier Adds Federal Tax Expert From White & Case

by usoftax_admin | Sep 24, 2024 | Tax News

Miller & Chevalier Chtd. announced that it added a former partner at White & Case LLP to its tax controversy and litigation practice.

NJ Justices Probe State’s Role In Tax Sale Foreclosures

by usoftax_admin | Sep 23, 2024 | Tax News

The New Jersey Supreme Court on Monday probed whether the state’s Tax Sale Law still holds up in the wake of a 2023 U.S. Supreme Court ruling that the government cannot profit from a property seizure, pondering the state’s role in tax sale foreclosures and...
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