OVERVIEW

Appellants are a group of related companies and their principals, engaged in the business of marketing and selling internet kiosk investment opportunities. On summary judgment, the district court found Appellants civilly liable for making material misrepresentations and engaging in de...   MORE>>

Donald and Evelyn Russell, and Loren and Dawn Kopseng appeal the tax court’s decisions that several loans did not constitute “indebtedness of the S corporation to the shareholder” such that they could claim losses incurred by the Missouri River Royalty Corporation (MMRC). United Energy Corpora...   MORE>>

This case arises from failed negotiations for the acquisition and management of H&W Motor Express, Inc. (“H&W”), a financially struggling trucking company in Dubuque, Iowa. Roger Waldner appeals the district court’s adverse grant of summary judgment on his various state law tort and contract c...   MORE>>

Cyril C. Anuforo owned two home healthcare companies, Comfort Plus Health Care, Inc. (Comfort Plus) and U.S. Central Comfort Plus Care Systems, Inc. (U.S. Central). Anuforo repeatedly failed to file the companies’ tax returns in a timely manner, and he also failed to make full payment of the emplo...   MORE>>

I. BACKGROUNDPlaintiffs Lyric Hale, Michael Grainger, and Dr. Ronald Michael, individually and as derivative representatives of China Online, Inc., filed a corporate derivative lawsuit against defendants China Online, Victor Chu, Pansy Ho Chiu-King, and Stanley Ho Chiu-King, in the Circuit Court of ...   MORE>>

Millenium Holding Group, Inc., has shares that were registered under the Securities Act of 1933 and are traded over the counter. It also has few assets and is insolvent. In 2004 its assets came to $60,000 and its liabilities to $1.5 million; things have not improved since. Millenium does not have an...   MORE>>

This is a declaratory judgment action under section 7476 that petitioner filed in response to a final revocation letter respondent issued in 2008 (revocation letter) stating that petitioner’s Employee Stock Ownership Plan (ESOP) failed to meet the requirements under section 401(a) for 2000 to 2004...   MORE>>

Petitioners, father and son, have run a farming operation (Holdner Farms) since 1977. Each petitioner effectively reported one-half of Holdner Farms’ gross income for 2004, 2005, and 2006 on Schedules F, Profit or Loss From Farming, and Schedules D, Capital Gains and Losses, of their respective Fe...   MORE>>

Respondent determined a $190,093 deficiency in Restituto T. and Virgencita P. Cezar’s (petitioners) individual Federal income tax as well as a $130,408 deficiency in the Federal income tax of petitioners’ wholly owned corporation, R.V.J. Cezar Corporation (the corporation) for 2004. Respondent a...   MORE>>

Respondent determined deficiencies in the income tax of Dominick and Mary Ann DeNaples of $714,019 for 2003, $587,257 for 2004, and $1,023,299 for 2005. Respondent also determined deficiencies in the income tax of Louis and Betty A. DeNaples of $714,019 for 2003, $570,197 for 2004, and $1,023,298 fo...   MORE>>