The ruling Monday is the latest court victory for the IRS in challenges to lease-in-lease-out and sale-in-lease-out transactions, commonly called LILO and SILO, which the tax agency has determined are vehicles for improper tax avoidance.
Read More »Commentary: Why gay couples have reason to hate the IRS
In the weeks after the U.S. Supreme Court’s rulings on same-sex marriage, celebration has given way to the challenges of carrying them out. The complications begin with the Barack Obama administration’s own long equivocation over who should take the leading ...
Read More »Court tosses challenge to KC streetcar district
The Missouri Court of Appeals Western District said that businesses within the district who object the additional taxes they will pay “could have, and should have” raised their claims in an earlier court action that led to the district’s formation.
Read More »Illinois charges ex-Premier Bank officers with loan fraud
The defendants, former directors and officers of state- chartered Premier Bank of Wilmette, Illin., were arrested at their homes on July 10 and arraigned Tuesday in Cook County Criminal Court on a multi-count indictment.
Read More »Interpublic Group wins dismissal of suit by former executive
New York state Supreme Court Justice Eileen Bransten threw out the suit, saying any oral contract between the executive, Ray Volpe, and Interpublic granting him profits over the sale of the Facebook investment was superseded by Volpe’s final employment agreement.
Read More »Appeals court lets sham arrest claims carry on
A three-judge panel of the 8th U.S. Circuit Court of Appeals agreed with a trial court judge that a sergeant and lieutenant colonel who allegedly helped in a cover up of the arrest didn’t have immunity from the suit.
Tagged with: 8th U.S. Circuit Court of Appeals St. Louis Metropolitan Police Department
Read More »CORRECTED: Judge Elliott won’t face discipline, commission says
The state’s judicial discipline commission has declined to pursue a complaint against R. Brent Elliott, a northern Missouri circuit judge who had been accused in open court of misconduct.
Read More »MetLife gets $5B SunTrust commitment for real estate
The funds from Atlanta-based SunTrust will be provided over the next three years for loans originated by MetLife.
Read More »Fed survey shows easier Lending for mortgages
U.S. banks are seeing an increase in demand for credit and are providing loans more readily to home buyers and businesses.
Read More »Ambulance company Rural/Metro seeks bankruptcy
Rural/Metro provides ambulance and firefighting services to about 700 communities in 21 states, including Missouri.
Read More »Caterpillar board sued over ERA Mining Machinery acquisition
Investor Michael D. Wolin of New Jersey accused the directors, Caterpillar Inc. Chairman Douglas R. Oberhelman and Chief Financial Officer Edward J. Rapp of breaching their fiduciary duties to the company in a complaint filed on its behalf in Chicago on Monday.
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