Tristan Navera
Senior Reporter at Bloomberg Law
Senior Reporter at Bloomberg Law | @ThePost alumni society president | forever, Ohioan | 513⇛740⇛937⇛614⇛703
Articles
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6 days ago |
news.bloomberglaw.com | Tristan Navera
A parcel of central Alabama land ripe for granite mining should be allowed a $41.7 million conservation easement tax deduction, a partnership told the Tax Court. Chapman Glen LLC is disputing an IRS determination to deny the deduction for the 2020 tax year. That denial resulted in the IRS imputing a $15.5 million underpayment and $6.2 million in penalties.
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6 days ago |
news.bloombergtax.com | Tristan Navera
A parcel of central Alabama land ripe for granite mining should be allowed a $41.7 million conservation easement tax deduction, a partnership told the Tax Court. Chapman Glen LLC is disputing an IRS determination to deny the deduction for the 2020 tax year. That denial resulted in the IRS imputing a $15.5 million underpayment and $6.2 million in penalties.
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6 days ago |
news.bloomberglaw.com | Tristan Navera
A New Mexico chili and paprika producer is adding to an existing dispute with the IRS over denied tax deductions for its microcaptive insurance arrangement. Rezolex Ltd. and Biad Chili Ltd. Co., two related entities behind the Las Cruces, N.M., operation, petitioned the Tax Court to contest government denials that their 2020 insurance payments were valid.
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6 days ago |
news.bloombergtax.com | Tristan Navera
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1 week ago |
news.bloomberglaw.com | Tristan Navera
A taxpayer living in Switzerland is suing to stop the IRS from obtaining financial information from his Apple Inc. accounts as a part of an investigation into his taxes. Cristian Caruso asked the US District Court for the Northern District of California Wednesday to quash third-party summonses seeking “broad categories of records” from 2016 to 2023 including accounts controlled by him, connection records, session times and duration, and types of service used.
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In Ohio news, a broker whose 2013 kickback scheme ensnared the state treasurer's office can't deduct the loses from money that US Marshalls seized: https://t.co/LAAoqvwoSC
An IRS plan to share tax info of immigrants with Homeland Security will test the limits of the US Tax Code. A deep dive for @BLaw: https://t.co/Ng2VYdv6fy
Arlington County must return $1.5 million in property taxes to the FDIC thanks to its soon-to-end remote work policy: https://t.co/9cWQ4Dg8hM
