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Taxation & Estate Planning

: TaxProf Blog

Speedway Takes Checkered Flag in Tax Dispute With IRS

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International Speedway Corp.("ISC"), which owns and operates 13 of the nation's major motorsports tracks (including Daytona and Talladega) today announced a settlement with the IRS in connection with depreciation deductions claimed on its 1999-2005 tax returns. ISC deposited $118 million with the IRS to avoid accruing additional interest, and the...

Full post as published by TaxProf Blog on June 08, 2009 (boomark / email).

Lawsuits and Settlements

Speedway Fatality
'Amazing Race' family wins lawsuit with Daytona Speedway.

Chattanooga, TN
Seven months in back pay resolves pepper spray dispute.

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Midland County et al. agree to $137 million settlement in property tax dispute.

The Plainfield School District
$10,500 settlement resolves eminent domain dispute.

Flint Energy Services Ltd.
$12.2 million settlement reached in taxation dispute.

Lake Superior Center Authority
$275,000 settlement reached in construction dispute.

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