SUPREME COURT HOLDS TAX COURT NOT HELD

Supreme Court holds tax court not held. The 30 day limit of Sec. 6330(d) for taxpayers to file a petition with the Tax Court to review an IRS determination is nonjurisdictional, the U.S. Supreme Court held, meaning it can be extended in certain instances. The Court’s unanimous opinion, written by Justice Any Coney Barrett, was […]

TAX BREAKS FACE SCRUTINY OVER LOCAL HIRE

Tax breaks face scrutiny over local hire. Companies that have tax abatements with Jefferson County could soon face greater scrutiny of their efforts to buy and hire from within the local area. As part of the tax breaks they get for having their operations here, companies typically agree to make a good faith effort to […]

STEALTH BAILOUT GIVES MILLIONS TO BIG OIL

    Stealth bailout gives millions to big oil. As it headed toward bankruptcy, Diamond Offshore Drilling Inc. took advantage of a little noticed provision in the stimulus bill Congress passed in March to get a $9.7 million tax refund. Then it asked a bankruptcy Judge to authorize the same amount as bonuses to nine executives. […]