Search results
15 lip 2024 · In a dispute between the IRS and a media company over the tax consequences of a disguised sale of a professional baseball team, the parties disagree over the impact of a recent Supreme Court decision on Treasury's partnership anti-abuse rule.
The New York Times Company and Gannett Satellite Information Network, Inc. (collectively, "plaintiffs" or "the newspapers") move for a preliminary injunction to prohibit defendants City of Chicago ("the city") and American Airlines ("American") from seizing or relocating coin-operated newsboxes from the passenger *1346 concourse area of Terminal...
15 lut 2024 · The government appealed the case in January 2023, arguing the Tax Court misinterpreted anti-abuse rules laid out in the U.S. Treasury regulations. It claimed the Cubs owners' financial gymnastics were an abuse of tax law that would open the door to worse offenses.
15 lip 2024 · At the end of its 2023 term, the Supreme Court issued two opinions that will drastically change how taxpayers can challenge Department of Treasury (Treasury) and Internal Revenue Service (IRS) regulations and significantly impact tax administration.
The city of Chicago, a municipal corporation, brought in the circuit court of Cook county its action of trespass on the case for libel against the Tribune Company, a corporation publishing a newspaper circulating in the city of Chicago and surrounding territory, alleging damages of $10,000,000.
26 cze 1987 · Tribune has failed to show to the court's satisfaction that such binding commitments are outside the usages of the marketplace. Action by Tribune's Board of Directors. The parties disagree as to whether the Teachers' loan was or was not approved by Tribune's Board of Directors.
The Tax Court (court) held (Tribune Media Co., et al. v. Commissioner, T.C. Memo. 2021-122, Dkt. Nos. 20940-16, 20941-16, Oct. 26, 2021) that the senior debt portion of the financing for Tribune Media's sale of the Chicago Cubs was bona fide and a nontaxable debt-financed distribution. The court also held that the subordinated debt (the sub ...
