A 1,000-unit New York City apartment complex can't give up lucrative tax breaks so it can deregulate apartments previously rent-stabilized, a state appeals court ruled Tuesday, striking a blow to landlords in the wake of the landmark Stuyvesant Town rent stabilization decision.
A Delaware bankruptcy judge on Monday gave her blessing to Solyndra LLC's reorganization plan, casting aside the U.S. government's protest that the plan's central goal was to secure valuable tax breaks for the defunct solar company's private equity investors.
Regardless of the outcome of the presidential election, power players on Capitol Hill are preparing for a turnover in leadership of key congressional committees, which could usher in new agendas and affect efforts to tackle financial reform, domestic energy production, liquefied natural gas exports, cybersecurity, competition policy, agency budgets and entitlement programs during the 113th Congress.
New York's top court on Thursday ruled that federal credit unions are required to pay a state mortgage tax on home loans they originate, ruling that federal law does not specifically exempt them from such taxes.
Texas’ highest court on Friday upheld the state’s business margin tax as constitutional, ending a challenge by Nestle USA Inc., which claimed it was unfairly being forced to pay a higher rate than other companies.
A Los Angeles County assessor pled not guilty Thursday to charges that he took bribes to assign lower property values and cost the county more than $1.1 million in lost property tax revenue.
Defunct solar energy company Solyndra LLC squared off with the U.S. government Wednesday in Delaware bankruptcy court, arguing that its reorganization plan makes the best of a bad situation for its private equity creditors and is not, as the government claims, a ploy to secure valuable tax breaks.
A Los Angeles County assessor was arrested Wednesday for allegedly accepting $185,000 to assign lower values on certain properties that allegedly led to unwarranted property tax refunds for his appraiser's clients and more than $1.1 million in losses to the county.
Nonprofit hospitals are pushing back on the Internal Revenue Service's proposed requirements for expanding access to charity care, saying the proposals are too prescriptive and will erect unnecessary and expensive barriers for hospitals trying to maintain their tax-exempt status.
TracFone Wireless Inc. and Virgin Mobile USA Inc. on Wednesday told the Texas Supreme Court they’re entitled to a refund of a state tax on their prepaid cellphones because a fee for emergency services applied only to traditional wireless plans.
The Seventh Circuit on Tuesday ruled that the Department of Health and Human Services was right to lower the Medicare reimbursement for 19 Illinois hospitals by several million dollars, finding that HHS was well within its discretion to rule that state payments offset taxes the hospitals paid.
On the eve of a pivotal hearing on Solyndra LLC's bankruptcy plan, the U.S. government on Tuesday asked the court to force the defunct solar company to turn over privileged documents concerning tax breaks enjoyed by its private equity investors under the plan.
Pornographer Joseph R. Francis on Monday went after BDO Seidman LLP in California state court, saying the accounting firm sold him on fraudulent tax shelter products for which the Internal Revenue Service later assessed him back taxes and penalties of $13 million.
President Barack Obama confronted Republican presidential nominee Mitt Romney again on Tuesday in a tug-of-war over unemployment, energy policy, health care reform and trade in the second of three debates preceding the Nov. 6 presidential election.
Solyndra LLC on Monday defended its Chapter 11 plan against a protest from the U.S. Internal Revenue Service, saying there is nothing improper about its private equity owners taking advantage of the defunct solar company’s tax breaks after it exits bankruptcy.
A former executive for coal company Oxbow Carbon & Minerals Inc. sued the company’s billionaire owner William Koch in California federal court Thursday, claiming Koch held him captive after he questioned the legality of an alleged tax evasion plan.
Fannie Mae and Freddie Mac on Thursday asked a federal judge to throw out a Florida county’s proposed class action accusing the mortgage giants of ducking property-related excise taxes, saying their charters provide an exemption from such levies.
A Texas appeals court on Friday vacated a sanctions award Wells Fargo Bank Minnesota NA had won against an Austin, Texas, appraisal district that refused to grant it a property tax break for its pollution control measures, holding the bank didn’t follow tax protest procedures.
The Internal Revenue Service moved to derail Solyndra LLC's bankruptcy plan on Wednesday, claiming the plan cannot be approved because its “principal purpose” is to help the defunct solar company's private equity owners avoid paying taxes.
A Delaware bankruptcy judge on Friday allowed Indianapolis Downs LLC's CEO to examine communications between Centaur Gaming LLC, which agreed to buy the rival horse track and casino for $500 million, and certain state agencies, finding his discovery requests pertinent to the Chapter 11 proceedings.