A Loudoun County Circuit Court denies an owner’s request for correction of the 2010 tax assessments on four contiguous parcels of land, both improved and unimproved, in the town of Leesburg, that the owner recently valued as one parcel for ...

Tagged with: Judge Thomas D. Horne Loudoun County Circuit Court Taxation Virginia Circuit Courts

A couple who served as co-pastors of a North Carolina church are convicted of tax evasion for omitting millions of dollars of taxable income from their jointly filed tax returns; the 4th Circuit rejects the taxpayers’ claims that they did ...

Tagged with: 4th U.S. Circuit Court of Appeals Judge J. Harvie Wilkinson III Taxation

An affordable housing development on eight non-contiguous parcels should have been assessed as separate tax parcels, despite restrictions on its use for affordable housing, and the Supreme Court of Virginia reverses judgment for the development owner correcting an erroneous tax ...

Tagged with: Justice Cynthia D. Kinser Supreme Court of Virginia Taxation

Four former owners of a trucking business who sold their stake to a company that in turn sold it to another buyer, without following through on an agreement to pay taxes the former owners owed on the sale proceeds, do ...

Tagged with: 4th U.S. Circuit Court of Appeals Judge Andre M. Davis Taxation

Lawyers have seen an uptick in people reporting employers, financial companies or high-worth individuals for ripping off the U.S. Treasury. Under a relatively new and lesser known whistleblower law, anyone can report suspected tax fraud to the IRS, and if ...

Tagged with: Employment Taxation

A Richmond Circuit Court grants summary judgment for corporate taxpayer Wendy’s, the national franchise restaurant chain, in its suit seeking a refund of income tax paid from 2004 to 2007. Unlike federal tax law, Virginia tax law does not allow ...

Tagged with: Judge Melvin R. Hughes Jr. Richmond Circuit Court Taxation Virginia Circuit Courts

Petitioners challenging a city’s tax assessment of two properties, including an office building, did not present sufficient evidence to establish the fair market value of the office building, but simply advanced a theory of highest and best use of the ...

Tagged with: Judge Louis Allen Sherman Norfolk Circuit Court Taxation Virginia Circuit Courts

A country club wins its case to correct four years of tax assessments on its 231-acre golf course in the city of Fairfax, as the city used a disfavored “development cost” approach to assess the property at $65 to $69 ...

Tagged with: Fairfax County Circuit Court Judge Jane Marum Roush Taxation Virginia Circuit Courts

A tax-exempt subdivision association must pay taxes on net income from two parking lots and a beach club that benefit the private interests of association members rather than the general public; the 4th Circuit affirms the Tax Court judgment, as ...

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

A municipal corporation does not have the authority to tax a bank as a non-exempt entity for the interest owned by a housing authority – an exempt entity – in property owned by the bank and the housing authority as ...

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