http://www.oyez.org/issues/federal-taxation/priority-of-claims/ U.S. Supreme Court Oral Arguments, presented by The Oyez Project (www.oyez.org) en-us http://www.oyez.org/images/oyezfeed.jpg U.S. Supreme Court Audio Recordings, presented by The Oyez Project (www.oyez.org) Tue, 27 Mar 1990 12:00:00 -0500 No details yet. No details yet. 89-393_19900327-argument http://www.oyez.org/cases/1980-1989/1989/1989_89_393/argument/ supreme, court, oyez, rehnquist Mon, 25 Mar 1996 12:00:00 -0500 <p>The IRS filed claims in Bankruptcy Court for taxes, interest, and penalties that accrued when Thomas R. Noland, the trustee of the in-debt First Truck Lines, Inc., sought relief under federal Bankruptcy Code. The Bankruptcy Court held that the claims for taxes and interest were the first priority in the case. Consequently, the court subordinated the penalties, to be adjudicated following the taxes and interest, because the penalties were not financial losses for the IRS. The Court of Appeals affirmed the decision.</p> <p>May a bankruptcy court subordinate government attempts to collect tax penalties?</p> 95-323_19960325-argument http://www.oyez.org/cases/1990-1999/1995/1995_95_323/argument/ supreme, court, oyez, rehnquist Mon, 07 Dec 1992 12:00:00 -0500 No details yet. No details yet. 91-1229_19921207-argument http://www.oyez.org/cases/1990-1999/1992/1992_91_1229/argument/ supreme, court, oyez, rehnquist Wed, 15 Oct 1975 12:00:00 -0500 No details yet. No details yet. 74-687_19751015-argument http://www.oyez.org/cases/1970-1979/1975/1975_74_687/argument/ supreme, court, oyez, rehnquist Mon, 25 Mar 1996 12:00:00 -0500 <p>The Employee Retirement Income Security Act of 1974 obligated CF&I Steel Corporation (CF&I) to make annual funding contributions to pension plans they sponsored. The required contribution for the 1989 plan totaled $12.4 million. CF&I failed to make the payment and petitioned the Bankruptcy Court for Chapter 11 reorganization. The Government filed a proof of claim for tax liability arising under the Internal Revenue Code, 26 U.S.C. Section 4971(a), which imposes a 10 percent "tax" on any "accumulated funding deficiency" of plans such as CF&I's. The court allowed the claim, but rejected the Government's argument that the claim was entitled to priority as an "excise tax" under the Bankruptcy Code. The Bankruptcy Court also subordinated the Section 4971 claim to those of all other general unsecured creditors under the Bankruptcy Code's provision for equitable subordination. The court later approved a reorganization plan for CF&I giving lowest priority (and no money) to claims for non-compensatory penalties. The District Court and the Court of Appeals affirmed.</p> <p>Is the Internal Revenue Code's 10% tax liability claim on any "accumulated funding deficiency" in pension plans an "excise tax" under the Bankruptcy Code? May the Government's tax claims be given a lower priority than competing claims by other creditors in bankruptcy proceedings?</p> 95-325_19960325-argument http://www.oyez.org/cases/1990-1999/1995/1995_95_325/argument/ supreme, court, oyez, rehnquist Mon, 06 Dec 1982 12:00:00 -0500 No details yet. No details yet. 81-1476_19821206-argument http://www.oyez.org/cases/1980-1989/1982/1982_81_1476/argument/ supreme, court, oyez, rehnquist Mon, 12 Jan 1998 12:00:00 -0500 <p>Both a judgment lien and federal tax liens encumbered the real property of Francis Romani's Pennsylvania estate, worth $53,001, following his death. The estate's administrator sought a county court's permission to transfer the property to the judgment creditor. The Government objected to the conveyance, arguing that 31 USC section 3713(a), which provides that a Government claim "shall be paid first" when a decedent's estate cannot pay all of its debts, prioritized its payment. Nevertheless, the court authorized the conveyance. Ultimately, the Pennsylvania Supreme Court affirmed. The court concluded that Federal Tax Lien Act of 1966 modified the Government's preference and recognized the priority of many state claims over federal tax liens.</p> <p>Does the federal priority statute, 31 USC section 3713(a), require that that a federal tax claim be given preference over a judgment creditor's perfected lien on real property where such a preference is not authorized by the Federal Tax Lien Act of 1966?</p> 96-1613_19980112-argument http://www.oyez.org/cases/1990-1999/1997/1997_96_1613/argument/ supreme, court, oyez, rehnquist Mon, 31 Oct 1988 12:00:00 -0500 No details yet. No details yet. 87-1043_19881031-argument http://www.oyez.org/cases/1980-1989/1988/1988_87_1043/argument/ supreme, court, oyez, rehnquist