In this appeal of Arlington County’s tax assessment against appellant Nielsen Company, which operates in 18 states, the Supreme Court of Virginia reverses a circuit court decision rejecting the Tax Commissioner’s use of a payroll percentage calculation to determine the ...

Tagged with: Justice LeRoy F. Millette Jr. Supreme Court of Virginia Taxation

The 4th Circuit upholds a Tax Court decision disallowing a $10,524,000 charitable deduction for a conservation easement based on a golf course donated by the taxpayers, which did not qualify as a real property interest because the easement agreement permitted ...

Tagged with: 4th U.S. Circuit Court of Appeals Judge Diana Gribbon Motz Taxation

The 4th Circuit upholds the validity of an IRS Rule implementing the premium tax credit provision of the Patient Protection and Affordable Care Act for individuals who purchase health insurance on both state-run insurance Exchanges and federally facilitated Exchanges, creating ...

Tagged with: 4th U.S. Circuit Court of Appeals Judge Roger L. Gregory Taxation

Taxes remain one of the certainties in life but a new interpretation by the Internal Revenue Service could have clients – and lawyers – paying even more if they aren’t careful. For years, taxpayers have had the luxury of conducting ...

Tagged with: Taxation

The National Organization for Marriage, a tax-exempt group that promotes heterosexual marriage may sue the IRS for compensatory damages from an employee’s unintentional disclosure of the group’s donor list, to include legal fees NOM paid to investigate the disclosure, the ...

Tagged with: Judge James C. Cacheris Taxation U.S. District Court - Eastern District

A confidential list of donors leaked by the IRS may have been a fund-raising bonanza for the National Organization for Marriage Inc., once the list showed up on the Huffington Post. The Internal Revenue Service is trying to turn that ...

Tagged with: Federal Courts Judge James C. Cacheris Taxation

The risk of a tax audit for a small-business client may be small, but that’s little comfort for the client who gets the call from the IRS. A business client facing an audit may find some comfort, however, in the ...

Tagged with: ADR Taxation

WASHINGTON — Avoiding what attorneys say could have been an “earthquake” effect from businesses rushing to file for a collective $1 billion in tax refunds, the U.S. Supreme Court recently held that severance payments are wages for federal tax withholding ...

Tagged with: Employment Taxation U.S. Supreme Court

Many Virginia law firms would have to switch their accounting methods and pay taxes on income before the money actually is collected, if a proposed federal tax reform makes its way through Congress. The proposal – not yet incorporated in ...

Tagged with: Law Firms Taxation

WASHINGTON — Is a severance package a form of employment income, or does it constitute a supplemental unemployment benefit? The answer makes a big difference when it comes to income taxes, and it’s now up to the justices of the ...

Tagged with: Employment Federal Courts Taxation U.S. Supreme Court