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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.