Congress rescinded tens of billions of dollars from a government agency in December that Republicans have long accused of being weaponized against taxpayers and corporations. Lawmakers’ stopgap ...
Rescission isn’t a one-sided deal. (2) The go-back must occur in the same tax year as the deal. The IRS covers this in Revenue Ruling 80-58. It’s this strict timing rule that’s usually the ...
who challenged the compensation plan Tesla instituted in 2018 and won rescission of that plan at trial, are to be paid $345 million either in cash or Tesla shares. In March, those attorneys had ...