USA v. Grigsby
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July 16, 2024
Contractor Asks Justices To Review $1.3M R&D Credit Suit
A construction company's shareholders asked the U.S. Supreme Court to review a decision revoking their tax refund for the company's $1.3 million in claimed research credits, saying the Fifth Circuit wrongly deferred to the Internal Revenue Service in stopping their case from going to trial.
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November 13, 2023
Contractor's R&D Credits Rightfully Revoked, 5th Circ. Says
A construction firm's shareholders are not entitled to research tax credits for projects the firm completed as a subcontractor because the contracts proved the firm didn't own the rights to its research, the Fifth Circuit decided Monday, upholding a Louisiana federal court ruling.
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October 03, 2023
5th Circ. Skeptical Of Firm's Research Tax Credit Defense
Fifth Circuit judges were skeptical Tuesday of claims by a construction firm's shareholders that a lower court wrongly rejected their research tax credits, as in oral arguments the judges questioned whether the shareholders had made their case strongly enough.
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June 26, 2023
Contractor's R&D Credits Rightfully Revoked, 5th Circ. Told
A Louisiana federal court correctly revoked research tax credits from a construction firm's shareholders after finding the company didn't own the rights to research it performed as a subcontractor, the U.S. government told the Fifth Circuit.
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April 25, 2023
Couple's R&D Refund Wrongly Undone, 5th Circ. Told
A Louisiana couple asked the Fifth Circuit to allow them to defend at trial their receipt of more than $713,000 in research tax credits, saying the U.S. government was wrongly granted summary judgment in declaring the refund erroneous.