The Court of Appeals for the Second Circuit vacated a judgment in Safdieh v. Comm'r and remanded, holding that the Commissioner may assess penalties under Internal Revenue Code Section 6038(b).
The Eleventh Circuit affirmed a Tax Court ruling that valued Savannah Shoals LLC's conservation easement at $480,000 and sustained a gross valuation misstatement penalty.
California's attorney general says a federal agreement to pay an Invenergy subsidiary to abandon a Central Coast offshore wind lease violates federal offshore leasing law.
The Federal Circuit let Dougherty Electric pursue one tax refund theory over IRS fraud penalties and interest, while rejecting a separate supervisor-approval theory as untimely.