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Tag Archives: Taxation

TDR Tax Assessment Premature, Court Says (access required)

Two owners of historic “garden apartment” complexes in Arlington are not liable for taxation of their TDRs, or “transferrable development rights,” granted by the county to preserve the properties until the county also approves a “receiving site” for the TDRs; ...

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Court Upholds 25-Percent Local Machinery Tax (access required)

A divided Supreme Court of Virginia upholds a commissioner of revenue’s figures for taxation of appellant refin­ery’s machinery and tools for the coun­ty’s machinery and tools tax under Va. Code § 58.2-3507(A), using a figure of 25 percent of original ...

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Company Owner Liable for Missed Payroll Taxes (access required)

The sole owner and chief executive offi­cer of an industrial construction company, who received financial information and IRS notices about the company’s failure to cover payroll taxes, and who made deci­sions about prioritizing payments to other creditors, was a “responsible ...

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The new relevance of income taxes in estate planning (access required)

Estate Planning Seniors FEA

Historically, estate planning has focused more on estate, gift, and generation-skipping taxes, and less on income taxes. Therefore, most estate plans for affluent cou­ples include what is often referred to as “A-B Trusts.” Following the substantial changes made by the ...

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