tax

AGI

(Wex page)

An abbreviation for Adjusted Gross Income.

(LIIBULLETIN preview)

In 1976, Congress enacted the Railroad Revitalization and Regulatory Reform Act, known as the 4-R Act. Railroad Revitalization and Regulatory Reform Act, 49 U.S.C. § 11501. This act makes it illegal for a state to “impose a tax that discriminates...

(LIIBULLETIN preview)

Respondent Michael Loos (“Loos”) is a former employee of Petitioner, BNSF Railway Company (“BNSF”). Loos v. BNSF Railway Company at 3. During his employment with BNSF, Loos incurred a number of attendance policy violations, some of which Loos...

(LIIBULLETIN preview)

Colorado requires that all retailers pay a 2.9 percent tax on the sale of all tangible goods within the state. Direct Marketing Ass’n v. Brohl, 735 F.3d 904, 906 (10th Cir. 2013). The Commerce Clause and the Supreme Court’s decision in Quill Corp. v....

(Wex page)

Federal legislation permitting the government to impose a tax on business in order to fund state unemployment agencies.  Employers must file a Form 940 annually to report this tax.

(Wex page)

The 12-month period over which a company reports its spending and income.  It is measured by the first day of the month through the last day of the twelfth month.

(LIIBULLETIN preview)

Prior to its bankruptcy, Piccadilly Cafeterias, Inc. ("Piccadilly") operated 145 cafeterias in the southeastern United States and was one of the largest cafeteria chains in the nation. See In Re Piccadilly Cafeterias, Inc...

(LIIBULLETIN preview (pre-2014))

Oral argument: March 26, 2008.

Appealed from: United States Court of Appeals for the Eleventh Circuit (April 18, 2007).

BANKRUPTCY, TAX, STAMP TAX, STATUTORY INTERPRETATION

Soon after...

(LIIBULLETIN preview)

In 1991, Gilbert P. Hyatt (“Hyatt”) began to receive large amounts of income from licensing fees for a computer chip patent. See Franchise Tax Board v. Hyatt, 335 P.3d 125, 131 (Nev. 2014). In his 1991 tax return, Hyatt stated that just...

(LIIBULLETIN preview)

In 1991, Gilbert P. Hyatt (“Hyatt”) began to receive large amounts of income from licensing fees for a computer chip patent. See Franchise Tax Board v. Hyatt, 335 P.3d 125, 131 (Nev. 2014). In his 1991 tax return, Hyatt stated that just prior to...

(Wex page)
Overview

In 1913, the Sixteenth Amendment to the U.S. Constitution was ratified. It states: "The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without...

(LIIBULLETIN preview)

In the late 1930s, entrepreneur Margaret Rudkin founded a small business that ultimately developed into 

Pepperidge Farm. In 1961, the Campbell Soup Company bought Pepperidge Farm. On April 14th, 1967, Margaret'...

(LIIBULLETIN preview (pre-2014))
<& /supct/inclusions/header_cert.htm &>

Oral argument: Nov. 27, 2007

Appealed from: United States Court of Appeals, Second Circuit (Jun. 25, 2007)

TAX, TAX DEDUCTION, TRUSTS, INTERNAL REVENUE SERVICE, STATUTORY...
(LIIBULLETIN preview)

Between 1992 and 2010, Carlo J. Marinello operated a freight service, Express Courier, in western New York and chose to destroy business records, avoid keeping books, pay his employees in cash, use business income for personal expenses, and avoid...

(LIIBULLETIN preview (pre-2014))
<& /supct/inclusions/header_cert.htm &>

Oral argument: Jan. 16, 2008

Appealed from: Appellate Court of Illinois, First District, Sixth Division (Jan. 12, 2007)

TAX, APPORTIONMENT, DUE PROCESS, INTERSTATE COMMERCE,...
(LIIBULLETIN preview)

Situated on the terminus of the Trans Alaska Pipeline System, Respondent the City of Valdez ("Valdez") serves as a crucial link in the transportation of crude oil from Alaskan oil fields to refineries. See City of Valdez v. Polar...

(LIIBULLETIN preview (pre-2014))

Oral argument: Apr. 1, 2009

Appealed from: Supreme Court of Alaska (Apr. 25, 2008)

TONNAGE CLAUSE, INTERSTATE COMMERCE, TAX, PROPERTY TAX, MARITIME

In 1999, the city of Valdez imposed a tax on vessels using its harbors. This case concerns...

(Wex page)
DefinitionThe act of implicating oneself in a crime or exposing oneself to criminal prosecution.  Overview

Self-incrimination may occur as a result of interrogation or may be made voluntarily. The Fifth Amendment of the Constitution protects a...

(Wex page)

A financial method or investment scheme that is created primarily to reduce or delay one's amount of taxable income.  Some tax shelters have been outlawed by statute or voided by courts, but others remain legal or even encouraged by law.

(Wex page)

Established by Congress under Article I of the Constitution.

Upon a determination of a tax deficiency by the Commissioner of Internal Revenue, the taxpayer may dispute the deficiency in the Tax Court before paying any disputed amount.

...

(LIIBULLETIN preview (pre-2014))
Facts

This case centers on whether a party accusing the Internal Revenue Service (“IRS”) of issuing a summons for an improper purpose is entitled to an evidentiary hearing. See Petition For A Writ of Certiorari at I. The IRS began an investigation into...

(LIIBULLETIN preview)

n 1999, Respondent Robert Pierce sought to sell his ownership in the Home Oil and Coal Company (“Home Oil”). See Home Concrete & Supply, LLC et. al. v. United States, 634 F.3d 249, 251 (4th Cir. 2011). Based on professional...

(LIIBULLETIN preview (pre-2014))

Oral argument: January 17, 2012

Appealed from: United States Court of Appeals for the Fourth Circuit (Feb. 7, 2011)

In 2006, the IRS adjusted Respondent Home Concrete’s 1999 tax return, claiming that Home Concrete overstated its basis in...

(LIIBULLETIN preview)

The Confederated Tribes and Bands of the Yakama Nation (“Yakama Nation”) is an Indian Tribe recognized by the federal government. Brief for Respondent, Cougar Den, Inc. at 2. The Yakama Nation and the United States entered into a treaty (“the Treaty”)...

(LIIBULLETIN preview)

Wisconsin Central Limited, Grand Trunk Western Railroad Company, and Illinois Central Railroad Company (“Wisconsin Central”) are rail carriers and subsidiaries of the Canadian National Railway Company (“Canadian National”) that operate primarily in the...