The most important federal tax cases in 2025 involve whether the IRS is correctly processing Employee Retention Credit claims, whether Tribune Media Co. made an abusive disguised sale of the Chicago Cubs, and potential guidance on the tax treatment of certain cryptocurrency transactions.
Here are three cases tax practitioners should track in 2025:
ERC Today LLC v. McInelly
A lawsuit over an IRS denial of Covid-19-related tax credits will allow the US District Court for the District of Arizona to determine if the agency was correct, potentially affecting millions of other ERC claims.
The ERC offered a tax break to ...
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