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CICADA TAX FORECLOSURE CASE
In 2021, a Baltimore property entered the tax-sale system despite a $13,478 tax payment; what did the court say?The house at 2426 Reisterstown Road in Baltimore was bought by Frederick Williams in 2020. On April 22, 2021, he paid the city $13,478.67 b...- United Airlines CEO Scott Kirby calls for inheritance taxes near 100% and a national wealth tax. What he wants the US to change and why it mattersScott Kirby, the CEO of United Airlines, has called for a nationwide wealth tax and higher inheritance taxes. He argues that wealth inequal...
- Hiking uphill could feel easier with these robotic pants? Know how Google X’s spin-off claims to make climbing steep hills easier for youThe powered hiking system is called MO/GO. It was developed by wearable robotics company Skip in partnership with outdoor clothing brand Ar...
- In 1999, a Texas family lost its mineral rights in a tax foreclosure; 20 years later, heirs challenged the sale, what did the state Supreme Court say?In April 2024, the Supreme Court of Texas considered a dispute. It involved mineral interests that were sold at a tax auction in 1999. It w...
- Retired employee gets income tax notice over Rs 9.29 lakh leave encashment; ITAT Jaipur cancels it and gives him full tax exemption, here's whyMr. Gupta, a former employee of the State Bank of India, found himself facing an income tax notice concerning Rs 9.29 lakh in leave encashm...
- Rs 24 crore cash sales in Form 26AS, Rs 4-crore tax demand: How a five-star hotel cook won his case in Delhi High CourtMr. Lalit, a cook at Hotel Ashoka, received a surprising income tax notice claiming Rs 4 crore. This notice cited Rs 24 crore in cash sales...
- In 2021, a Pennsylvania woman's property was auctioned over a $7,771 tax bill; she claimed she was told the notice concerned a trailer, but court rejected her appealThe tax bureau had sent her a certified letter about the unpaid taxes in April 2020. In that same year, it sent her another notice by certi...
- Taylor Swift gave $100,000 to a struggling Nashville Symphony on her 24th birthday, weeks after her $4 million education center openedThis development came at a difficult for the organisation. Earlier that year, the Nashville Symphony had faced financial problems. It also ...
- India probing Pernod, Diageo Scotch imports under India-UK trade pact, sources sayIndian tax officials are investigating Pernod Ricard and Diageo for how they classified bulk Scotch imports. These companies may have impro...
- Global investors against use of judicial anti-avoidance rule by tax officialsInternational investors have raised concerns regarding the Indian Income-tax authorities' invocation of the judicial anti-avoidance rule. A...
- In 2018, a $6,123 tax debt put a New Orleans property in play; a $6,883 tax-sale bid led to a legal battle over ownershipJames M. Thorrick, on September 20, 2004, bought the property at 739-741 Montegut Street. According to the court records, he failed to pay ...
- Todd and Julie Chrisley hit with $1.57 million IRS tax lien after Donald Trump’s 2025 pardon; what we knowTodd and Julie Chrisley are facing a significant tax challenge with a federal lien amounting to $1.57 million, linked to unpaid taxes for t...
- Transferring immovable property? How TDS compliance is now simpler with new Form 141With the introduction of Form 141, taxpayers can easily report TDS by combining several earlier forms into one streamlined approach. This u...
- Rs 3.41 crore in FCNR deposits tagged as unexplained money despite being held by Dubai-based individual; ITAT Jaipur grants full reliefMrs. Khanwani, a Dubai resident, faced tax notices for unexplained money linked to her FCNR deposits. The ITAT Jaipur ruled in her favor, h...
- Rs 3.99 lakh penalty for under-reporting income and paying Rs 2 lakh less in income tax; ITAT Jaipur cancels penalty, know whyA man from Sikar faced a penalty of Rs 3.99 lakh for under-reporting his income. The Income Tax Department initiated penalty proceedings af...
- Global Market: China's wealthy rush to unwind offshore trusts as tax deadline loomsChina’s wealthy individuals are restructuring offshore trusts, selling investments and reassessing residency amid a new 20% tax on overseas...
- In 1997, a US appeals court ruled in an estate-tax battle involving a 657-acre Texas farm valued at $650,000 and three other properties; here's what happenedCervin died in 1988. He and his wife, Manita Cervin, had purchased three whole life insurance policies on his life from Mutual Life Insuran...
- Homeowner sold redeveloped flat for Rs 1.95 crore, paid no income tax, received a tax notice; wins relief in ITAT MumbaiAfter redevelopment of housing society, homeowner sold his flat for Rs 1.95 crore, pays no tax, got tax notice, wins case in ITAT Mumbai fo...
- A former Chicago Sears store was converted into 59 apartments. Four years later, it sold for nearly $29 millionA former Sears department store in Chicago’s Ravenswood neighborhood, redeveloped into 59 apartments and retail space in 2021, has sold for...
- Tech billionaire Peter Thiel bought Bel Air mansion Casa Encantada in Los Angeles for $130 millionPeter Thiel has been revealed as the purchaser of the mansion Casa Encantada, a Bel-Air property which sold for $130 million at a foreclosu...
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