October 03, 2016
The estate of a wealthy banker and communications giant has reached a settlement with the IRS over taxes on $140 million worth of art, according to a motion filed Friday in Texas federal court.
August 03, 2016
A banker's estate moved for a partial win against the Internal Revenue Service on Tuesday in a fight over taxes paid on $140 million worth of art, claiming the agency is making conflicting arguments over how the banker's estate and his company purportedly benefited economically from the art.
July 26, 2016
The IRS urged a Texas federal judge not to rule in favor of a banker's estate in a fight over taxes paid on $140 million worth of art, saying it was too early to conclude whether the artwork was simply a corporate dividend in "disguise."
June 20, 2016
A banker's estate told a Texas federal judge that it wrongly paid $40.7 million in taxes and deserves a refund, arguing the Internal Revenue Service has admitted the estate did not actually make any money from supposedly distributing more than $140 million worth of art.
February 02, 2015
The estate of a banker asked a Texas federal court on Friday for a refund of $40.7 million in taxes paid to the Internal Revenue Service, saying the agency mistakenly determined the banker had received a $140 million distribution of art and antiques.