Tax

  • April 11, 2013

    IRS Still Snoops On Emails Without A Warrant, ACLU Says

    The Internal Revenue Service is still accessing private electronic communications without a warrant despite growing support among government agencies, courts and companies for a broad warrant requirement, the American Civil Liberties Union claimed Wednesday.

  • April 11, 2013

    Texas Appeals Court Frees Hotel From Tax On Toiletries

    Hotels in Texas aren’t required to pay state sales tax on the consumable products, like soaps and shampoos, they provide for guests, a Texas appeals court said Thursday, granting hotelier DTWC Corp.’s request for a refund from the state.

  • April 10, 2013

    Miami Dolphins Stadium Upgrade To Get Public Vote

    The Miami-Dade Board of Commissioners voted Wednesday to hold a May 14 county referendum on an agreement to help fund renovations to the Miami Dolphins' Sun Life Stadium, but county Republicans also made a push to derail the project, which will cost at least $350 million.

  • April 10, 2013

    NJ Development Agency Head Defends Tax Bill To Lawmakers

    The CEO of the New Jersey agency responsible for expanding the state’s economic base testified before a state Senate committee on Wednesday, defending a controversial bill to create new corporate tax incentive programs as beneficial to the state’s economy despite critics who call the programs costly and ineffective.

  • April 10, 2013

    EU's Anti-Tax Cheat Plans Set Stage For Global Regime

    A proposal by the European Union's five largest economies Tuesday to set up a bank data exchange program aimed at rooting out tax cheats is likely to be adopted continentwide, experts say, paving the way for a global regime aimed at increasing financial industry transparency and chasing down tax evaders.

  • April 10, 2013

    Realty Co.'s Malpractice Suit Can't Stem Legal Bills: NJ Court

    A New Jersey appeals court ruled Wednesday that Ragan & Ragan PC can collect unpaid legal bills from a real estate partnership it defended against tax foreclosure claims, saying the partnership can’t skirt its bills by launching legal malpractice counterclaims against the firm.

  • April 10, 2013

    NY Appeals Court Backs Rite Aid In $2M Landlord Tax Row

    A New York state appeals court on Tuesday refused to dismiss claims by Rite Aid of New York Inc. alleging that a property manager overbilled the retail drugstore by at least $1.85 million for its share of property taxes, saying Rite Aid showed that they didn't have necessary information to determine they had been overcharged.

  • April 9, 2013

    Miami Panel To Weigh Dolphins Stadium Upgrade Deal

    A county referendum on the Miami Dolphins' use of public funds to modernize Sun Life Stadium is expected to be set for May 14 when Miami-Dade county commissioners convene Wednesday to consider a proposal from the team and County Mayor Carlos Gimenez.

  • April 9, 2013

    Tax Firm Can't Appeal Fight Over $8M Building Seizure

    A Texas appeals court on Tuesday rejected efforts by property tax consulting firm Patrick O’Connor & Associates LP to justify its seizure of a former client’s $8 million building following a billing dispute, ruling a trial court must first enter a final order in the case.

  • April 9, 2013

    Prudential Denied $7M Tax Refund For Bad Calculation

    A New York state appeals court on Tuesday denied Prudential Insurance Co. of America's bid to recover $7.2 million in retaliatory taxes, ruling state tax law does not allow the company to secure a refund for mistakes that it made in determining its own operating losses.

  • April 9, 2013

    EU Countries To Launch Anti-Tax Evasion Pilot Program

    The U.K. and four other major European countries have agreed to develop a tax information exchange designed to both detect and deter tax evasion through the automatic sharing of bank information between the countries, the U.K. Treasury announced Tuesday.

  • April 8, 2013

    $102M IRS Deal Moves Ambac Closer To Exiting Ch. 11

    Ambac Financial Group Inc. and its bond insurance unit have agreed to shell out $101.9 million to the Internal Revenue Service to end a dispute with the agency over tax liabilities from certain contracts Ambac signed before the housing market collapse, a development announced Monday that puts the bond insurer closer to emerging from Chapter 11.

  • April 8, 2013

    CFTC Knows Its Wash Trading Claims Are False, RBC Says

    The Royal Bank of Canada accused the U.S. Commodity Futures Trading Commission in New York federal court Friday of rebuffing its requests for documents to hide that the agency's wash-trading lawsuit against RBC has no factual basis.

  • April 8, 2013

    Daytona Speedway Tax Breaks OK'd By Fla. Senate Panel

    A Florida Senate committee unanimously passed a bill Monday that would provide tax breaks for a $250 million renovation project at Daytona International Speedway and would allow the motorsports entertainment complex to get tax breaks available to other professional sports teams.

  • April 8, 2013

    NY Hospital Chain Botched Tax Refund Notices, Suit Says

    A large New York hospital chain made no real effort to notify former medical residents of refunds for improperly collected federal taxes, costing them thousands of dollars apiece, according to a proposed class action potentially worth $30 million that was launched Friday in state court.

  • April 5, 2013

    Wesley Snipes Released From Prison

    Actor Wesley Snipes was reportedly released from federal prison in Pennsylvania and transferred to home confinement in New York on Tuesday, after serving most of his three-year sentence for millions of dollars in unpaid income taxes.

  • April 5, 2013

    Travel Cos. Ordered To Pay $55M In Texas Hotel Tax Case

    A Texas federal judge on Thursday ordered Expedia Inc., Hotels.com LP, Hotwire Inc. and other online travel companies to pay more than $55 million to 173 Texas cities in a class action to recover allegedly underpaid hotel occupancy taxes.

  • April 5, 2013

    Tax Lien Bid-Rigging Schemer Settles Class Action

    The owner of a New Jersey real estate company who pled guilty to conspiring to rig auctions of municipal tax liens has agreed to pay $200,000 to settle a related class action, according to a motion filed Thursday in New Jersey federal court. 

  • April 5, 2013

    Texas Owes Virgin, TracFone $2.3M Over Improper 911 Tax

    Texas’ highest court on Friday ruled that the state owes TracFone Wireless Inc. and Virgin Mobile USA Inc. a $2.3 million refund for emergency services fees levied on the companies’ prepaid cell phones, because the tax did not apply at the time of collection.

  • April 5, 2013

    UCLA's $162M Hotel Plan Wastes Public Funds, Suit Says

    UCLA's proposed $162 million, 250-room hotel and conference center on its Westwood campus has unlawful tax exemptions, will waste public funds and would lack financial viability if it were required to pay taxes on the property, according to a lawsuit filed Wednesday in California state court.