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Tax Court Denies SECA Exception to Soroban
01 Jul 2025 05:31 GMT
The Tax Court recently ruled for the IRS in … In November 2023, the Tax Court rejected Soroban Capital Partners LP … summary judgment decision, the Tax Court applied a functional analysis … decision aligns with similar rulings against Denham Capital Management LP …
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AbbVie Catches a Break in Termination Fee Tax Court Case
01 Jul 2025 05:31 GMT
… 17, the U.S. Tax Court ruled that AbbVie, Inc. could deduct … v. Commissioner, however, the Tax Court rejected the IRS’s position … to property.” Rather, the Tax Court reasoned that each party’s … generally ordinary deductions.
This ruling will no doubt be welcome …
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Will Strict Evidence Rules Derail Nigeria’s Tax Appeal Tribunal?
04 Jul 2025 10:19 GMT
… Delays: Strict evidentiary rules would necessitate professional legal … Act. In a 2016 ruling, the Tribunal itself … dispute resolution.
Tailored Evidentiary Rules: Instead of wholesale … Tribunal into a specialized Tax Court especially with the proposed …
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Tax Court turns to 1997 'safe harbour' rule to allow appeal related to refugee’s expired work permit
27 Jun 2025 22:57 GMT
… Tax Court of Canada has allowed an appeal of a decision that ruled …
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Supreme Court Gives IRS Ability to Levy Taxpayers Without Tax Court Challenge
26 Jun 2025 23:59 GMT
In a pivotal ruling, the U.S. Supreme … matter to Tax Court.
Zuch’s case before the Tax Court unfolded over … the proposed levy.
The ruling raises practical concerns for taxpayers … permanently foreclose their day in Tax Court.
Tax professionals and taxpayers …
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U.S. Tax Court Issues Ruling on Self-Employment Tax Exception for Limited Partners
13 Jun 2025 03:25 GMT
… May 28, the U.S. Tax Court ruled in Soroban Capital Partners LP … . Commissioner, the U.S. Tax Court found that the legislative history … . Ultimately, the U.S. Tax Court concluded that all income allocable …
After the U.S. Tax Court’s ruling in Soroban, it is …
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Jones Day Argues New Approach To Valuation In Recent Tax Court Cases
15 Jun 2025 01:03 GMT
… Images Group via Getty Images
Tax Court Judge Goeke's opinion … of $193,250. He also ruled that the 40% gross valuation … Valuation Dog: Five Key FMV Rules. Mr. Hodges is the lead … he sees it the Tax Court with its ruling that discounted cash flow …
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SCOTUS: Tax Court couldn’t hear taxpayer’s due process appeal
13 Jun 2025 21:06 GMT
… .S. Supreme Court has ruled in reversing a decision from … collection effort. Because the Tax Court lacked jurisdiction to do so … its case to the Tax Court. Then, if the Tax Court seems likely to … levy and avoid an unfavorable ruling on the taxpayer’s underlying …
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Woolworths vindicated over VAT treatment
08 Jul 2025 08:34 GMT
… ) appeal against a Western Cape Tax Court ruling in favour of Woolworths Holdings … additional assessments and approached the Tax Court to appeal Sars’s decision … to the output tax. The Tax Court upheld Woolworths’s appeal.
That …
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U.S. Tax Court Rules That Limited Partners of an Investment Manager Are Subject to Self-Employment Tax
11 Jun 2025 17:35 GMT
… In November 2023, the Tax Court ruled that a limited partner’s … roles and responsibilities. The Tax Court evaluated the following:
The … return on investment.
The Tax Court concluded that the limited … are currently appealing the Tax Court’s interpretation of the …