Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower
At issue are losses related to the Trump International Hotel and Tower, which opened in 2009.
Tag: Internal Revenue Service
Caterpillar settles long-running tax dispute with IRS
PEORIA — Caterpillar has settled a long-running tax dispute with the Internal Revenue Service. The IRS maintained Caterpillar owes the federal government more than $2.3 billion in unpaid taxes and penalties stemming from the company’s alleged tax avoidance practice of funneling U.S. profits through the Swiss subsidiary CSARL, as of 2018. Caterpillar announced it reached a