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ESTATE TAX DISPUTE
- 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...
He wrote $464,000 in checks before his father's death; the IRS later challenged the giftsA Pennsylvania man's decision to write 11 checks worth $464,000 five days before his father's death led to an IRS estate tax dispute. A US ...- In 2024, a US court ruled on an ownership dispute involving two properties sold for $10,200 after a tax-deed transfer; here's what happenedIn a decision in Thomas DeCola v. Matt H. and Anne L. Sheafer, the appeals court rejected Thomas DeCola's arguments. It stated that the tax...
- 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...
- IMF's bullish call: Why is India sprinting when the world stumbles?The IMF has raised India's growth forecast to 7% for both FY27 and FY28, highlighting the country's resilience despite higher oil prices an...
- In 2000, Allen Paulson left behind $193 million fortune, unpaid taxes, family inheritance fight led US authorities to pursue his heirsPaulson died on July 19, 2000, leaving behind an estate valued at $193.4 million for federal estate-tax purposes. Most of his assets were h...
- In 1942, a woman inherited property worth $33,650, its value rose to $95,000, then a mother-son ownership arrangement triggered a US estate-tax disputeThe dispute reached the US Court of Appeals for the Fourth Circuit, which ruled on November 1, 1967, in favour of the Internal Revenue Serv...
- In 2007, heirs sold a conservation easement on inherited farmland for $910,000, in 2013, they got a shock from US Tax CourtIn Van Alen v. Commissioner, decided on October 21, 2013, the court ruled in favour of the Internal Revenue Service (IRS). The dispute invo...
- GST Council reforms address key industry concerns, focus shifts to implementation, says Dept of Revenue officialDuring the 57th GST Council meeting, significant recommendations were made to address concerns from stakeholders. The government plans to i...
- In 2005, a US couple sold their farm during bankruptcy, IRS sent them a tax bill, Supreme Court settled who paysThe case, Hall v. United States, involved Lynwood and Brenda Hall, who filed for bankruptcy under Chapter 12 of the US Bankruptcy Code in A...
- In 1977, US couple swapped apartment building, transferred property to a partnership the same day: Why a court told IRS their tax break staysThe US Court of Appeals for the Ninth Circuit upheld the decision in favour of Norman J. and Beverly G. Magneson in February 1985, rejectin...
- GST 2.0: From stuck tax credit to fewer disputes, industry chambers list key reform demandsGST 2.0 reforms: Industry chambers are calling for reforms to GST 2.0 during the upcoming GST Council meeting. They seek improvements in in...
- In 1979, Oregon family sold 1,843 acres, IRS demanded tax, then mostly lost: How a ruling changed tax-deferred property exchangesBack in 1967, an Oregon family's sale of their 1,843 acres of timberland sparked a major dispute with the IRS. The case ended up in the Nin...
- Horoscope Tomorrow, October 8, 2026: New Opportunities, Better Money Decisions and Emotional Balance Await These 12 Zodiac SignsHoroscope tomorrow, 8 October 2026, brings a practical mix of career movement, financial awareness, relationship conversations and wellness...
- In 2018, Silvio Scaglia paid $56M for a Tribeca penthouse; 8 years later, it sold for $57MSilvio Scaglia bought a Tribeca penthouse for $56 million in 2018. The property sold for $57 million in February 2026 after it was awarded ...
- Foreign capital is slipping away. Can India lure investors back?India faces a tougher battle for foreign capital as FPI outflows rise and global investors shift money towards AI, semiconductors and manuf...
- Will gives you property rights, but what next? Know these 7 steps to transfer ownership and secure possessionA Will plays a crucial role in outlining how assets will be allocated following an individual's death, which can lead to family disputes if...
- Booked flats for Rs 1.16 crore, two homebuyers awaiting possession find project lapsed; MahaRERA orders builder to give money back with interestIn 2013, two homebuyers believed they would receive their flats by 2014. However, the project registration expired, leaving construction st...
- Houston lawyer buys $15.5 million, 15,000-sq-ft mansion just to demolish it; plans to donate $4 million worth of luxury materials & turn the land into a garden; here’s whyIn River Oaks, Houston lawyer Tony Buzbee has purchased a mansion to expand his existing property. He has partnered with Habitat for Humani...
- Tax notice in a deceased person's name? Don't ignore it; here's what legal heirs should doDid someone close to you leave behind unresolved tax responsibilities? Explore how heirs can address income tax notices, file overdue retur...
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