The Internal Revenue Service has the authority to require taxpayers and some third parties to submit certain records about “reportable transactions.” CIC Services, LLC v. Internal Revenue Serv. at 249. The Internal Revenue Service also defines what...
taxes
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Elmer and Dorothy Cullers created the EC Term of Years Trust (“the Trust”), the Petitioner, in 1991 to reduce the impact of federal taxes on their estate. Brief for Petitioner at 3. Two years later, the Internal Revenue Service (the “IRS”) assessed...
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The State of New York imposes a tax on all cigarettes sold or used in the State (known as a use tax). See City of New York v. Smokes-Spirits.com, Inc., 541 F.3d 425, 432 (2nd Cir. 2007). A similar tax exists for cigarettes sold or used within New York...