John Woolley

The IRS was dealt a pair of losses by the US Tax Court on Thursday, which barred as too late the agency’s tax deficiency determinations against partners in a direct-mail subscription business.

The IRS sued an extended family of 17 shareholders for more than $80.9 million in taxes and penalties, accusing them of generating fake capital loss to avoid paying taxes resulting from their stock sale.

A couple can proceed with their $308,600 tax refund lawsuit against the US government after a federal court in Florida rejected the IRS’s argument that the pair had filed too late.

The US Supreme Court on Monday said it won’t consider whether the IRS agreed to limit its right to collect additional tax from an Alabama real estate developer when the agency consented to a limited proof of claim in bankruptcy court.

Eighth Circuit judges focused on 3M Co.‘s level of control over its Brazilian subsidiary during oral arguments Tuesday about 3M’s tax liability, with one judge appearing particularly skeptical of the IRS’s justification for its tax increase.

An Eighth Circuit judge appeared highly skeptical of the government’s position that Mayo Clinic shouldn’t qualify as a tax-exempt educational institution during oral arguments Wednesday.

A tax return preparer that the IRS sued for filing false returns and misappropriating electronic filing identification numbers reaped about $733,700 in ill-gotten gains, a Texas federal district court said in agreeing with the federal government.

Vanguard finalized its $40 million settlement with investors who say the firm breached its fiduciary duty when it restructured its mutual funds in such a way that caused them to pay surprise capital gains taxes.

Two Missouri tax attorneys and an insurance agent were sentenced to a combined 16 years in prison for their roles in operating a tax shelter that the federal government says defrauded the IRS of more than $22 million.