Don't want ads? Subscribe or login now.

IRS Secretly Targeted Some ESOPs, Court Told

By Anna Scott Farrell · August 22, 2024, 5:57 PM EDT

The Internal Revenue Service secretly promulgated rules that treat certain employee stock ownership plans as potentially abusive, an ESOP and its related parties told a Wisconsin federal court in accusing the...

To view the full article, register now.

Try a seven day FREE Trial

Already a subscriber? Click here to login

Documents

Complaint

Case Information

Case Title

Daines et al v. Internal Revenue Service

Case Number

1:24-cv-01057

Court

Wisconsin Eastern

Nature of Suit

Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision

Date Filed

August 21, 2024

Recent Articles By Anna

August 22, 2024
Tax Co. Owner Didn't Fraudulently Fail To File, Tax Court Says
August 21, 2024
Tax Biz Owner Says Any Errant Returns Were Honest Mistakes
August 20, 2024
Tax Prep Biz Falsified Credits, Caused $41M Loss, US Says
August 20, 2024
Son Can't Protect Property In $10M Tax Case, US Says
August 19, 2024
Spouse Asks Tax Court To Reconsider Relief Request
August 19, 2024
H&R Block's Case On In-House Judges' Role Is Paused
August 16, 2024
Kyocera Says It Doesn't Need Records For R&D Credits
August 16, 2024
Ch. 7 Trustee Can't Recover Tax Payment, States Tell Justices
August 15, 2024
IRS Nix Of $52M Easement Deduction Invalid, Donor Says
August 15, 2024
Partnership's $47M Easement Deduction Is Fraud, IRS Says