Tax Refunds

California Supreme Court Allows Class Actions for Local Tax Refunds - Class Actions Allowed Despite Local Ordinances Banning Them

by Michael M. Mullins, William Priest, Kelly Salt | Best Best & Krieger LLP on 5/3/2013

The California Supreme Court recently ruled that local tax refund claims may be pursued as class actions, even where a city has an existing ordinance prohibiting such claims. The ruling is broad enough to expose local...more

IRS Issues Additional Payroll Tax Refund Procedures

by Rena Pirsos | XpertHR - Partnered with LexisNexis on 4/22/2013

The Internal Revenue Service (IRS) has posted additional procedures explaining how employers and employees can obtain refunds of overpaid federal income, Social Security and Medicare (FICA) taxes after the 2012 transportation...more

Married Same-Sex Couples Should File Protective Claims For Tax Refunds Now

by William Rohrer | Carlton Fields on 4/10/2013

When the Supreme Court ultimately decides United States v. Windsor, it could strike down the portion of the Defense of Marriage Act (DOMA) that prohibits married same-sex couples from receiving the federal benefits provided...more

Employer Tax Considerations for Supreme Court’s Pending DOMA Decision

by Andy R. Anderson, David Fuller, Mary Hevener, Patrick Rehfield | Morgan Lewis on 4/9/2013

High Court considers the constitutionality of DOMA, which may create tax-refund opportunities for employers and employees before April 15....more

Deadline for Filing FICA Tax Refunds is April 15

by Sheppard Mullin Richter & Hampton LLP on 4/5/2013

As previously reported, the payment of certain severance benefits may be exempt from FICA taxes. Under the Sixth Circuit’s decision in Quality Stores, severance pay made in connection with an involuntary separation from...more

A Court has Ruled that Severance May Not be subject to FICA, Therefore You and Your Company May Be Owed a Tax Refund!

by Valerie Menager | Carr, McClellan, Ingersoll, Thompson & Horn -... on 3/27/2013

The Sixth Circuit Court of Appeals recently held that severance paid to employees in a reduction in force event is not subject to FICA taxes. United States v. Quality Stores, Inc. No. 10-1563 (6th Circuit, September 7, 2012)....more

Tax Law Blog: Does the IRS Have Your 2009 Refund?

by Jana M. Luttenegger | Davis Brown Law Firm on 3/19/2013

The IRS estimates 984,000 taxpayers who did not file a federal income tax return in 2009 have a tax refund waiting for them. Of those, approximately 9,800 are Iowans with combined refunds of almost $8,000. If you think you...more

Are You Part Of The Billion Dollar IRS Jackpot? Act By April 15.

by Deirdre R. Wheatley-Liss | Fein, Such, Kahn & Shepard, P.C. on 3/15/2013

Guess what? You might be one of the 1 million or so taxpayers that are due $917 million from the IRS. Sad thing is, it's your money that they are trying to get back to you....more

Section 409A Tax Assessed An Discounted Stock Options – Taxpayer Sues For Refund In Federal Court Of Claims

by Jeffrey P. Cairns | Leonard, Street and Deinard - Employee... on 3/8/2013

Code Section 409A which was effective in January 1, 2005, provides strict rules that must be applied to most deferred compensation arrangements accruing benefits after the effective date. Failure to comply with the Code and...more

FinCEN Reminds Institutions About Tax Refund Fraud And SAR Filing

by BuckleySandler LLP on 3/7/2013

On February 26, FinCEN issued Advisory FIN-2013-A001 to remind financial institutions of their important role in identifying tax refund fraud and provide a list of red flags to aid in such identification. The Advisory also...more

FinCEN Issues Advisory to Financial Institutions: Update on Tax Refund Fraud and Related Identity Theft

by Jeffrey M. Werthan | Katten Muchin Rosenman LLP on 3/7/2013

On February 28, and in connection with the start of tax season, the Financial Crimes Enforcement Network (FinCEN) issued an advisory to remind financial institutions about tax refund fraud and the required reporting of such...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - March 1, 2013

by BuckleySandler LLP on 3/4/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - PRIVACY/DATA SECURITY - CRIMINAL...more

Corporate and Financial Weekly Digest - March 1, 2013

by Katten Muchin Rosenman LLP on 3/4/2013

In this issue: - Recent SEC Speeches Focus on Investor Protection and Disclosure - SEC 2013 Examination Priorities - CFTC Revises Clearing Compliance Schedule for iTraxx CDS Indices - SEC Division...more

Revised Common Level Ratio for Philadelphia May Entitle Certain Taxpayers to a Refund

by David Augustin, George Kroculick, Louise Melchor, Brett Messinger | Duane Morris LLP on 2/20/2013

A recent change may affect the parties to certain real estate transactions with respect to property located in Philadelphia County, Pennsylvania, that took place on or after July 1, 2012....more

File for FICA Tax Refunds Before April 15

by Sheppard Mullin Richter & Hampton LLP on 2/20/2013

As previously reported, the payment of certain severance benefits may be exempt from FICA taxes. Under the Sixth Circuit’s decision in Quality Stores, severance pay made in connection with an involuntary separation from...more

Are You Thinking About Filing Bankruptcy? Call Me Before You File Your Taxes! #bankruptcy

by Janet Spears | Rowley Chapman & Barney, Ltd. on 2/14/2013

Are you expecting a tax refund this year? You need to read this first! ...more

California Tax Refund Opportunity Based on Gillette

by Morgan Lewis on 10/12/2012

Taxpayers should review their apportionment methodology for prior taxable years to determine whether they should file refund claims based on the Multistate Tax Compact's evenly weighted three-factor apportionment formula....more

Gillette Wins. You Win. Taxpayers Should Hurry to File California Refund Claims Before the Fall Deadline

by Reed Smith on 7/26/2012

Executive summary and action item Today, a California Court of Appeal held that taxpayers have the option of electing to single-weight (as opposed to double-weight) their sales factor to compute their California...more

Home

Legal News

Find a Lawyer

Browse Subjects

Subscribe

Pro Services

For Reporters