United States of America v. Altaba, Inc.

1:20-cv-00811

August 11, 2020
Verizon Wants In On $1.6B Tax Suit Against Yahoo Successor

Verizon should be allowed to intervene in the U.S. government's suit seeking $1.6 billion in taxes from dissolved Yahoo successor Altaba, because Verizon could have to foot some of the bill, the company told a Delaware federal court Tuesday.
July 22, 2020
US Now Seeks $1.6B In Taxes From Defunct Yahoo Successor

Dissolved Yahoo Inc. successor Altaba Inc. owes the U.S. nearly $1.6 billion in unpaid income taxes, the government told a Delaware federal court, adding around $564 million to the taxes it is seeking to recoup from the company.
July 10, 2020
5 Federal Tax Cases To Watch In The 2nd Half Of 2020

In the remainder of the year, federal courts will examine several administrative law challenges to tax regulations along with questions of whether preventing some taxpaying Americans from receiving COVID-19 stimulus checks violates constitutional law and how attorney-client privilege extends to law firm client lists. Here, Law360 looks at five federal tax cases to watch in the second half of 2020.
June 16, 2020
Yahoo Successor Owes Over $1B In Unpaid Taxes, US Says

Yahoo Inc. successor Altaba Inc., whose assets primarily consisted of shares in the Chinese technology giant Alibaba, owes the IRS more than $1 billion in income and employment taxes, the U.S. government told a Delaware federal court Tuesday.