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Internal Revenue Service Qatar

The United States Internal Revenue Service is a bureau of the United States Department of the Treasury. The IRS is charged with collecting revenue and enforcing the Internal Revenue Code.  
Fenwick & West LLP

Exxon Mobil Case is an Early Taxpayer Win in the Economic Substance Controversy

Fenwick & West LLP on

Recently, in Exxon Mobil Corp. v. United States (No. 3:22-cv-00515), a District Court in Texas ruled that the taxpayer was entitled to interest deductions on a production loan entered into as part of a multibillion-dollar...more

Gray Reed

Exxon’s Attempt to Create New Sale/Lease Tax Law Fails

Gray Reed on

The principal contention in the tax refund case of Exxon v. United States was whether certain mineral related transactions between Exxon and the countries of Qatar and Malaysia were sales or leases.  Originally Exxon treated...more

Gray Reed

ExxonMobil Discovers That Amended Tax Returns Are Dangerous

Gray Reed on

In Exxon Mobil Corp. v. United States of America, from the United States District Court for the Northern District of Texas, ExxonMobil learned the hard way that filing amended tax returns can be very costly....more

Perkins Coie

Blockchain Week in Review - January 2020

Perkins Coie on

U.S. Developments - Members of Congress Respond to IRS Tax Guidance for Digital Assets - On December 20, eight members of the U.S. House of Representatives sent a letter to the Commissioner of the Internal Revenue...more

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