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 (http://on.freep.com/12ZhEZC) 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, http://www.freep.com

Top NBA Public Bets

NBA Top Stories

Thumbnail Rockets vs. Clippers Pick Are the Los Angeles Clippers going to win a fifth straight game tonight when they host the Houston Rockets at...
Thumbnail Pacers vs. Jazz Pick  Will the scoreboard be lit up tonight when the Indiana Pacers play at the Utah Jazz?...
Thumbnail Kings vs. Thunder Pick Are the host Oklahoma City Thunder going to win by double digits tonight when they battle the Sacramento Kings at...
Thumbnail Warriors vs. Cavaliers Pick Are the Golden State Warriors going to win for the second time this season against the host Cleveland Cavaliers tonight when the...
Thumbnail Lakers vs. Grizzlies Pick Will the Los Angeles Lakers get it done as a small road underdog today when they play at the Memphis Grizzlies? Game time is 5:30PM...

NBA Team Pages