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Michigan Supreme Court Denies 'Dark Store' Valuation Appeal in Win for Localities

The Michigan Supreme Court denied an appeal by a big-box retailer in a “dark store” valuation suit October 20, foreclosing the use of the tax reduction technique. The state supreme court, which heard oral arguments on whether to take the case...

TaxAnalysts®
New California Tax Appeals Office Under Construction

California’s new Office of Tax Appeals (OTA) will begin hearing cases at the start of 2018, just six months after it was created, but observers still have questions about how — and how well — the new appeals forum will perform. The OTA...

LexisNexis Tax Law Community Staff
Amendments to Partnership Audit Regime

by Ronald Levitt * On November 2, 2015, the Bipartisan Budget Act of 2015 (Pub L No 114-74, 114th Cong (Nov 2, 2015)) (the Act) became law. The Act radically alters the audit procedures for partnerships. In this respect, Act Section 1101 (Partnership...

LexisNexis Community Staff
Tax Residency in a FATCA and CRS World

by William H. Byrnes IV and Robert J. Munro * Contributing Author: John Richardson, LL.B., J.D., www.CitizenshipSolutions.ca . Rewritten by William Byrnes with additional material included. In a FATCA and CRS world tax residency is an important...

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LexisNexis Tax Law Community Staff
Taxation of New York City Real Property

by Steven Tishko * In New York City, real estate taxes have become an increasingly greater expense for property owners and landlords in recent years. As such, they are an ever-growing factor that any potential purchaser or tenant must account for in...

LexisNexis Tax Law Community Staff
Excess "Golden Parachute" Payments--Nondeductible and Penalty Tax

By Alison Stemler, J.D. * The golden parachute rules in IRC Section 280G state that if an employee or contractor receives or will receive compensation that is triggered by or closely related to a change in control, and that change in control compensation...