#Latest news with #OscarTangWall Street Journal02-05-2025BusinessWall Street JournalWhat an IRS Battle Over an 850-Year-Old Painting Means for Your TaxesNobody likes a battle with the Internal Revenue Service. But some battles are worse than others—and Oscar Tang has just been through a doozy. The Tax Court recently issued a decision in a long-running case between the IRS and Tang, a wealthy Chinese-American businessman and philanthropist. The dispute was about donations of early Chinese paintings by Tang's family partnership to New York's Metropolitan Museum of Art in 2010-2012.
Wall Street Journal02-05-2025BusinessWall Street JournalWhat an IRS Battle Over an 850-Year-Old Painting Means for Your TaxesNobody likes a battle with the Internal Revenue Service. But some battles are worse than others—and Oscar Tang has just been through a doozy. The Tax Court recently issued a decision in a long-running case between the IRS and Tang, a wealthy Chinese-American businessman and philanthropist. The dispute was about donations of early Chinese paintings by Tang's family partnership to New York's Metropolitan Museum of Art in 2010-2012.
02-05-2025
