John Woolley

Washington, D.C., United States

Reporter at Bloomberg Law

Litigation @BLaw • Hoya Saxa • 🎹👾✏️ • He/Him • Prev: @CBSNews @StreetSenseDC @GtownVoice

Articles

Self-Employment Tax Test Draws Another $33 Million Challenge

1 week ago | news.bloombergtax.com | John Woolley

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Denham Capital Seeks to Revive Self-Employment Tax Exemption

1 week ago | news.bloomberglaw.com | John Woolley

Denham Capital Management LP asked a federal appeals court to allow the firm to shield its limited partners’ earnings from self-employment taxes. Denham, which advises private equity funds that invest in the energy sector, sued the IRS for increasing its net earnings from self-employment from $3.17 million to $53.6 million for 2016 and 2017.
Denham Capital Seeks to Revive Self-Employment Tax Exemption

1 week ago | news.bloombergtax.com | John Woolley

Denham Capital Management LP asked a federal appeals court to allow the firm to shield its limited partners’ earnings from self-employment taxes. Denham, which advises private equity funds that invest in the energy sector, sued the IRS for increasing its net earnings from self-employment from $3.17 million to $53.6 million for 2016 and 2017.
ACA Payment Certification Rule Set Aside by Texas Federal Court

1 week ago | news.bloombergtax.com | John Woolley

The federal government violated a Texas janitorial business’s due process rights by failing to properly certify that it owed excise tax liability under the Affordable Care Act, a federal court ruled.
Butane Products Sink $391 Million in Tax Refund Claims, US Says

1 week ago | news.bloomberglaw.com | John Woolley

Three petroleum companies aren’t entitled to $391 million in tax refunds because their liquefied gas products don’t qualify for an alternative fuel credit, the US told a federal court in Ohio. Marathon Petroleum Co., Tesoro Alaska Co., and Tesoro Refining & Marketing Co. sued the government, arguing the IRS should have recognized that their butane mixtures contained alternative fuels entitling them to credits under IRC Section 6426.
Butane Products Sink $391 Million in Tax Refund Claims, US Says

1 week ago | news.bloombergtax.com | John Woolley

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.
'Cart Before the Horse' Refund Claim Ends Easement Penalty Feud

1 week ago | news.bloomberglaw.com | John Woolley

The US convinced a federal court in Missouri to toss a taxpayer’s challenge to a conservation easement-related tax penalty because he failed to make payment before filing suit. Brad Beggs failed to dispute the government’s evidence that he hadn’t paid a penalty or pursued any administrative remedy in search of a refund before filing a lawsuit as required under IRC Section 7422, Judge Henry E. Autrey of the US District Court for the Eastern District of Missouri ruled Thursday.
Estate Seeks Refund Over Disallowed Fractional Interest Claims

2 weeks ago | news.bloombergtax.com | John Woolley

An estate accused the IRS of wrongfully disallowing its fractional interest claims in real estate properties on Thursday. The estate of Berek Dutkiewicz asked the US District Court for the Central District of California to grant its refund after paying nearly $2.34 million in audit deficiencies and penalties in April 2021.
End 1962 Philippines Tax Raid Feud, IRS Urges to Appeals Court

2 weeks ago | news.bloomberglaw.com | John Woolley

A deceased couple’s 60-year-old legal feud with the IRS should come to a close because the couple gave no proof that the agency hid tax documents, nor did they show that those records would change the outcome of their case, the government told a federal appeals court in Washington.
End 1962 Philippines Tax Raid Feud, IRS Urges to Appeals Court

2 weeks ago | news.bloombergtax.com | John Woolley

XYour Choices Regarding Cookies and IdentifiersWe and our 150 third party partners use cookies and similar technologies ("Cookies") and hashed identifiers (e.g., a hashed version of your name, email address or phone number) to help us identify you on our site and third-party sites and to process certain information, such as your IP address and digital identifiers, to analyze site usage and provide you with relevant advertisements and content.