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1:24-cv-01057
Wisconsin Eastern
Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision
Byron B Conway
A transportation company cannot pursue its claims that the IRS adopted a secret rule that targeted its stock ownership plan, a Wisconsin federal judge ruled, throwing out the company's suit.
A Wisconsin federal court should toss a company's remounted suit claiming the Internal Revenue Service secretly passed a rule targeting its stock ownership plan, the government argued, saying the company still has not presented any evidence that the rule exists.
A company that claimed the Internal Revenue Service secretly passed a rule targeting its employee stock ownership plan failed to show the rule exists, a Wisconsin federal judge said in tossing the company's case.
An employee stock ownership plan and its related parties urged a Wisconsin federal court Monday not to toss their case against the IRS alleging the agency targeted them with additional tax reporting rules, saying the lawsuit does not illegally stop the agency from collecting taxes.
The Internal Revenue Service secretly promulgated rules that treat certain employee stock ownership plans as potentially abusive, an ESOP and its related parties told a Wisconsin federal court in accusing the agency of exceeding its authority and violating the Administrative Procedure Act.