April 14, 2025
Trustees of a California property and the IRS agreed to settle a nearly $1 million tax refund dispute over whether the property was being used for business and whether the trust was therefore allowed to carry back operating losses generated in 2017 and 2018.
August 23, 2024
A family-run company that spent $7.3 million on a house overlooking San Francisco Bay may have used it for business and so the family's trust could be entitled to a $1 million tax refund for related operating losses, a Florida federal judge said.
November 09, 2022
Two co-trustees of a family trust told a Florida federal court the IRS hasn't acted on a nearly $1 million tax refund request they claim they are owed after a revision in tax rules allowed them to carry back operating losses from 2017 and 2018.