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Results: 1-10 of 21

Lenders should consider suggesting bankruptcy to borrowers following the sale of delinquent taxes on a principal residence

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • January 31 2014

The Seventh Circuit Court of Appeals recently held that a plan under chapter 13 of the Bankruptcy Code can modify the rights of a purchaser of

Revenue Procedure 2014-12 creates an historic tax credit investment safe harbor

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • January 27 2014

In 2012, the United States Court of Appeals for the Third Circuit, reversing the Tax Court, found that an investor in an historic rehabilitation

Court declares Chicago Vacant Property Ordinance preempted and impermissible tax on governmental lenders: private lenders still on the hook

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • August 26 2013

A federal court in Illinois has declared the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac exempt from Chicago's Vacant Property

Court of appeals upholds requirement that tax notices be issued to representative

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • November 19 2012

November 19, 2012The Michigan Court of Appeals recently upheld two decisions of the Michigan Tax Tribunal regarding notice requirements under Michigan law as applied to the appeal of sales tax assessments

Circuit split on FICA taxes: is it time to file your refund claim?

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • October 2 2012

The Internal Revenue Service (IRS) has historically taken the position that severance payments are subject to payroll taxes

Recent case serves as a reminder that both tax and bankruptcy law implications should be considered

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • September 17 2012

In 2012, several judicial opinions have reminded directors, officers and “responsible persons” that personal liability may be imposed for business taxes

Third Circuit applies tax shelter theory in historic tax credit case

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • September 7 2012

Recently, the United States Court of Appeals for the Third Circuit issued an opinion overruling the Tax Court in Historic Boardwalk Hall, LLC v Commissioner, Case No. 11-1832 (August 27, 2012

Recent decisions serve as a reminder that officers can be held responsible for corporate or LLC trust fund taxes

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • June 20 2012

Recently, the United States Courts of Appeals for the Federal Circuit and the Tenth Circuit ruled that chief executive officers (CEOs) were responsible persons liable for the trust fund recovery penalty under Section 6672 of the Internal Revenue Code (the Code

Fannie Mae and Freddie Mac not exempt from statelocal real estate transfer taxes

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • March 30 2012

In a decision that could have extensive implications for the entire mortgage industry, a federal judge in Michigan ruled that Fannie Mae and Freddie Mac are not exempt from paying local and state real estate transfer taxes

Tax Court reaffirms that a tax lien attaches to property held in tenancy by the entireties: United States v. Barczyk

  • Dykema Gossett PLLC
  • -
  • USA
  • -
  • January 26 2012

The Supreme Court of the United States recently denied the taxpayer's petition for certiorari in United States v. Barczyk, 6th Cir. No. 10-1498 (Aug. 18, 2011) cert denied (Jan. 17, 2012