Law360 Publishes Article by David Burton and Rich Page on Recent Tax Court Decision
David Burton and Richard Page, partner and associate, respectively, in the tax practice at Akin Gump, have co-authored the article “Court Clarifies Taxability Of Excess Refundable Credits,” which was published by Law360.
The article addresses a recent decision by the United States Tax Court pertaining to a dispute between taxpayers and the IRS over whether non-need-based, excess refundable state tax credits are taxable income under federal law. The court sided with the IRS in finding that such excess credits are taxable.
To read the complete article, which includes Burton and Page’s analysis of the decision, please click here.