January 03, 2017
A convicted tax shelter promoter saw his challenge to a $160 million IRS penalty scrapped, after a New York federal judge recently ruled it lacked jurisdiction because he did not pay all the outstanding tax and penalties, of which about $67 million remains.
December 16, 2016
A New York federal judge has no jurisdiction to hear a challenge to a $160 million tax penalty because the taxpayer has to pay all of the outstanding tax and penalties — about $67 million remains — before filing a tax refund suit in a federal district court, a government lawyer told that judge Friday.
May 02, 2016
The Internal Revenue Service blasted a tax shelter organizer's lawsuit seeking an abatement of more than $160 million in penalties, telling a New York federal judge Friday that the organizer is a convicted criminal whose refund suit is barred because the penalties have not been fully paid.
January 13, 2016
A tax shelter promoter on Wednesday accused the IRS in a suit filed in New York federal court of using an illegal method to calculate a "mind-boggling" penalty of more than $160 million for failing to file two forms.