DETROIT (AP) - The estate of former Detroit Pistons owner Bill Davidson is challenging the government in U.S. Tax Court over billions of dollars claimed by the IRS.
The Detroit Free Press ( says the Internal Revenue Service objects to how Davidson's accountants valued stock in his company, Guardian Industries, which makes glass and parts for the auto industry.
Other issues include tens of millions of dollars given to Davidson's wife and money used to help her daughter build a home. The newspaper says the IRS is seeking about $2 billion or more in estate taxes. The agency declined to comment. Davidson's estate challenged the IRS last week in a filing in U.S. Tax Court.
Davidson died in 2009 at age 86.
Information from: Detroit Free Press,

Top NBA Public Bets

#1 505 New York Knicks  68% Bet Now
#2 503 Miami Heat  60% Bet Now
#3 507 Atlanta Hawks  57% Bet Now
#4 502 Orlando Magic  52% Bet Now

NBA Top Stories

Thumbnail NBA 2016-17 MVP Odds Will Stephen Curry make a run at a third straight NBA MVP honor, or will someone else push him for the crown? Get a...
Thumbnail Lottery pick to begin pro career as reserve The Lakers stumbled to a 17-65 finish in 2015-16. Yet that doesn’t mean they’re willing to just hand over the keys to the No. 2 overall pick in June’s NBA draft.
More inNBA Articles  

NBA Team Pages