Bloomberg (David Schultz), Basketball Player in Japan Says He Deserves Foreign Credits:

A professional basketball player who played in Japan sued the IRS in US Tax Court, contesting the agency’s rejection of more than $1.28 million in foreign tax credits he claimed on his 2020 and 2021 federal returns.

Ryan Rossiter, who has played professional basketball since at least 2011, argues that he adequately documented the Japanese taxes he paid while playing for two teams in Japan’s professional basketball league, according to an Oct. 13 petition filed in Tax Court.

The IRS proposed additional taxes of $595,151 for 2020 and $688,925 for 2021, plus accuracy-related penalties of $119,030.20 and $137,785 for those years, respectively. Read more here.