Forbes reports that The Cheesecake Factory has filed a Tax Court Petition challenging an IRS deficiency assessment of $838,000:
In a bit of reflux from the big Wall Street scandal involving backdated stock options, the Cheesecake Factory has sued the Internal Revenue Service over its disallowance of $2.7 million of deductions for executive compensation.
A just-filed U.S. Tax Court lawsuit by the Calabasas Hills, Calif.-based casual dining chain disputes a bill from the feds for $838,000 in additional taxes and accuracy-related penalties for 2005, plus an unspecified amount of interest. A spokesperson for the company Thursday declined comment.
I hope the Cheesecake folks prevail because if they lose and are forced out of business, no more Oreo Cheesecake for me.
The petition is not yet available for download, but here is the Docket Sheet.
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave a Comment