New QZAB Rule Would Clarify Steps to Correct Proper Use
- MICHIGAN SITE-BASED CAD DEDUCTION. Nesi, Nicholas A. // CPA Journal;May2000, Vol. 70 Issue 5, p66
Deals with the court case Jefferson Smurfit Corp. versus the United States (US) Treasury Department that challenged the amendments to the capital acquisition deduction (CAD) regulation of Michigan. How the amendment violated the US Constitution according to Smurfit; Reasons the Michigan Court...
- Go-ahead for banks-only EBT bidding. Fox, Justin // American Banker;6/9/1995, Vol. 160 Issue 110, p2
Reports on US District Judge Emmett G. Sullivan's ruling allowing the Department of Treasury to discuss with banks bidding for an electronic benefits transfer contract. Rejection of Transactive Corp.'s request for a preliminary injunction to stop the banks-only bidding process.
- LIFTING EQUIPMENT DID NOT QUALIFY FOR MICH. INDUSTRIAL PROCESSING EXEMPTION. // Sales & Use Tax Alert;12/1/2013, Vol. 33 Issue 21, p4
The article discusses the court case Lifting Gear Hire Corp. vs. Department of Treasury on October 17, 2013 wherein a subcontractor that sold lifting equipment to Detroit Edison Co.'s general contractor on a power plant project was not qualified for a Michigan sales tax refund.
- GM Creditors Sue Over Their Lender Suit. // American Banker;6/9/2011, Vol. 176 Issue 89, p2
Brief information is given about a lawsuit against the U.S. Treasury Department filed by former creditors of General Motors automaker that will prevent the government from claiming proceeds from the creditors' lawsuit against JPMorgan Chase & Co.
- On balance, it was a dumb idea. Karpovichi, Todd // Long Island Business News (7/1993 to 5/2009);5/17/2002, Vol. 49 Issue 21, p17B
Reports that Silver Spring man Louis H. Lebaga faces federal charges for allegedly trying to defraud the U.S. Treasury, the Bureau of Public Debt and a bank in California. Sufficiency of funds in the bank accounts of Lebaga; Punishment of Lebaga; Importance of accounting regarding the issue.
- Dem Lawmaker Has No Sympathy for GSE Shareholder Claims. Collins, Brian // Nationalmortgagenews.com;7/16/2015, p14
The article reports remarks made by U.S. Representative for Maryland John Delaney regarding the lawsuit filed by Federal National Mortgage Association and Federal Home Loan Mortgage Corporation shareholders against the U.S. Treasury Department.
- Did the IRS Go Too Far With MCI? Hahn, Avital Louria // Investment Dealers' Digest;9/8/2003, Vol. 69 Issue 34, p7
Reports on the legal challenge to the U.S. Treasury Department's ruling depriving MCI Corp., formerly WorldCom Inc., of as much as $7 billion in future tax breaks. Disagreement over the law government net operating losses; Emergence of the firm from bankruptcy; Amount of debt cancelled.
- WHO SHOULD HAVE PERSONAL LIABILITY FOR Compliance Failures? CAUSEY, DAWN // ABA Banking Journal;Sep/Oct2015, Vol. 107 Issue 3, p46
The article discusses chief compliance officer (COO) personal liabilities for banks and companies failing to comply with anti-money laundering and other requirements. It discusses a court case U.S. Dept. of Treasury v. Haider, in which COO Thomas Haider was alleged his responsibility for...
- Dem Lawmaker Has No Sympathy for GSE Shareholder Claims. Collins, Brian // American Banker;7/17/2015, Vol. 180 Issue F327, p0
The article focuses on lack of support of lawmakers for a lawsuit filed by Government-Sponsored Enterprises (GSEs) shareholder against the U.S. Treasury. Topics covered Representative John Delaney citing no merit in the claims of Fannie Mae and Freddie Mac shareholders to regain their...