Fla. Real Estate Co. Protests $1.68M IRS Deficiency

Law360, New York (February 21, 2014, 3:30 PM EST) -- A Florida real estate holding company is protesting a $1.68 million federal tax deficiency notice after claiming an Internal Revenue Service auditor ignored evidence regarding a $5.29 million promissory note it had paid in full, according to tax documents made public on Friday.

Susi Holdings Inc. asked the U.S. Tax Court in Washington, D.C., to redetermine findings by the Internal Revenue commissioner asserting a tax deficiency of $1.68 million tax deficiency and a $313,000 penalty for the taxable years ending in August 2009 and August 2010, according...
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