September 12, 2014
A former owner of tech giant American Megatrends Inc. is appealing an April Florida federal court decision that found the company liable for over $16 million in taxes stemming from an alleged tax shelter, although it was spared accuracy-related penalties.
May 06, 2014
The Internal Revenue Service on Tuesday asked a Florida federal court to amend its previous judgment that slapped a former owner of software giant American Megatrends Inc. with over $16 million in taxes, saying the court incorrectly excluded accuracy-related penalties from the judgment.
March 07, 2014
A Florida federal court on Thursday said a former owner of software giant American Megatrends must pay over $16 million in taxes after he used a complex tax shelter to duck the Internal Revenue Service, but the court tossed out IRS demands for substantial penalties.