Articles

  • 1 day ago | news.bloombergtax.com | Tristan Navera

    A couple must pay state taxes on premiums paid above face value for bonds after another New York court ruled against them. The state’s Supreme Court, Appellate Division Third Judicial Department affirmed a 2023 ruling from the Tax Appeals Tribunal that backed the state’s decision to deny refunds to Robert and Kira Ciardullo for their purchase of out-of-state bonds.

  • 2 days ago | news.bloombergtax.com | Tristan Navera

    Loans between companies owned by a California real estate executive can’t be treated as bad debt entitled to tax benefits because he didn’t prove they were worthless or uncollectable, the Ninth Circuit said Thursday. The companies owned by Michael Kelly couldn’t treat the transfers as bona fide loans so he must pay additional tax on them, Judge Jeffrey Vincent Brown said, for the US Court of Appeals for the Ninth Circuit.

  • 2 days ago | news.bloombergtax.com | Tristan Navera

    The government may recoup about $580,000 in unpaid taxes from the estate of a Motown singer and his wife. The US District Court for the Eastern District of Michigan granted the US motion to enforce judgment on the estate of Abdul “Duke” Fakir Sr., who was the last surviving member of the Four Tops, as well as his widow Piper Fakir. Judge Matthew F.

  • 2 days ago | news.bloombergtax.com | Tristan Navera

    The former owner of a Philadelphia cheesesteak icon asked the Third Circuit to mandate a rehearing of his case for a closer look at how the ‘Loper Bright’ ruling may impact his case. Nicholas Lucidonio asked the US Court of Appeals for the Third Circuit for a panel rehearing of his tax fraud sentence. The Third Circuit determined last month the district court misapplied a sentencing enhancement before sentencing Lucidonio to 20 months in prison.

  • 2 days ago | news.bloomberglaw.com | Tristan Navera

    Judges weigh ‘practical’ enforcement versus prior tax rulingsBoth sides deem TABOR argument ripe if remandedWhether Colorado can tack on sales tax on the purchase of a Netflix Inc. subscription shouldn’t come down to “philosophical” arguments, judges on the state’s appeals court said at oral argument Wednesday.

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Tristan Navera
Tristan Navera @TristanNavera
13 May 25

A DC judge declined to stop an information sharing agreement between the IRS and DHS for the sharing of tax information for immigrants: https://t.co/GWDZz30u0W

Tristan Navera
Tristan Navera @TristanNavera
30 Apr 25

105 members of Congress say IRS sharing tax info of immigrants would be "an intrusion by the executive branch upon powers reserved by the Constitution for Congress." https://t.co/NxlC0CWSjz

Tristan Navera
Tristan Navera @TristanNavera
21 Apr 25

I'll be at the Supreme Court tomorrow, where the IRS and Tax Court's powers to dismiss a taxpayer's dispute will be up for debate: https://t.co/3d72Qrg9GN