363 Sales

Supreme Court says tax must be paid on sale of family farm during bankruptcy - Washington Post

05/14/12

WASHINGTON — The Supreme Court says a farming family has to pay tax on the bankruptcy sale of their farm. The high court on Monday voted 5-4 for the IRS in its fight with Lynwood and Brenda Hall over their bankruptcy sale of their 320-acre farm in ...

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Ally Financial's mortgage arm files for bankruptcy - MLive.com

05/14/12

The government is hoping to get the rest of the money back through a public stock offering by Ally, or perhaps the sale of its remaining businesses. When the bankruptcy and potential sale of international operations are finished, Ally expects to ...

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Court says farmers must pay bankruptcy tax - msnbc.com

05/14/12

WASHINGTON (AP) - The Supreme Court says a farming family has to pay tax on the bankruptcy sale of their farm. The high court on Monday voted 5-4 for the IRS in its fight with Lynwood and Brenda Hall over their bankruptcy sale of their 320-acre farm in ...

[more]

Court says farmers must pay bankruptcy tax - Boston Globe

05/14/12

WASHINGTON—The Supreme Court says a farming family has to pay tax on the bankruptcy sale of their farm. The high court on Monday voted 5-4 for the IRS in its fight with Lynwood and Brenda Hall over their bankruptcy sale of their 320-acre farm ...

[more]

Ally hopes to end mortgage woes with ResCap bankruptcy - YAHOO!

05/14/12

Ally still owes the government about $12 billion, counting dividend payments by the lender and sale of some securities by the Treasury. The bankruptcy filing comes as pressure increases on Ally to repay that money and problems at ResCap become increasingly unmanageable.

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High court says farmers must pay bankruptcy tax - United Press International

05/14/12

Writing for the majority, Justice Sonia Sotomayor said federal income tax liability arising from a post-bankruptcy petition farm sale is not "incurred by the estate" under the Bankruptcy Code and is not "dischargeable." A "discharged" debt is ...

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Court says farmers must pay bankruptcy tax - San Francisco Gate

05/14/12

The Supreme Court says a farming family has to pay tax on the bankruptcy sale of their farm. The high court on Monday voted 5-4 for the IRS in its fight with Lynwood and Brenda Hall over their bankruptcy sale of their 320-acre farm in Willcox ...

[more]

Supreme Court says tax must be paid on sale of family farm during bankruptcy - Washington Post

05/14/12

WASHINGTON — The Supreme Court says a farming family has to pay tax on the bankruptcy sale of their farm. The high court on Monday voted 5-4 for the IRS in its fight with Lynwood and Brenda Hall over their bankruptcy sale of their 320-acre farm in ...

[more]

Court says farmers must pay bankruptcy tax - San Jose Mercury News

05/14/12

WASHINGTON—The Supreme Court says a farming family has to pay tax on the bankruptcy sale of their farm. The high court on Monday voted 5-4 for the IRS in its fight with Lynwood and Brenda Hall over their bankruptcy sale of their 320-acre farm ...

[more]

Court says farmers must pay bankruptcy tax - El Paso Times

05/14/12

WASHINGTON—The Supreme Court says a farming family has to pay tax on the bankruptcy sale of their farm. The high court on Monday voted 5-4 for the IRS in its fight with Lynwood and Brenda Hall over their bankruptcy sale of their 320-acre farm ...

[more]