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In its latest message to wealthy taxpayers, the IRS says it plans to target improper art donation tax deductions, focusing on promoters who “encourage taxpayers to buy various types of art, often at a ‘discounted’ price” but with built-in fees for additional services. An IRS examination may end up supporting the claimed full fair market value of the charitable deduction—or find the deduction was improperly given.
Plaintiff: Cassandra Domino Defendant: Johnson Controls International, PLC, Tom Maniscalco, John Fino and Scott Schultz Case Number: 1:2023cv07676 Filed: August 29, 2023 Court: US District Court for the Southern District of New York Nature of Suit: Civil Rights: Jobs Jury Demanded By: Plaintiff RSS Track this Docket This docket was last retrieved on August 29, 2023. A more recent docket listing may be available from PACER.
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