One Law Partners, LLC represented a housing construction and real estate development company that received a notice of a proposed heavy acquisition tax assessment based on a corporate relocation into a metropolitan area.On behalf of the taxpayer, the firm filed a pre-assessment review petition and successfully obtained a decision cancelling in ful...

One Law Partners, LLC successfully represented a corporate operator of a franchise coffee chain in a Tax Tribunal appeal challenging a heavy acquisition tax assessment imposed in connection with the establishment of a branch in a metropolitan area, obtaining a decision fully cancelling the assessment.1. Case Overview A corporation operating a fran...

Case Overview Since 2020, the National Tax Service (NTS) has implemented the “Small Building Appraisal Project” to enhance fairness in inheritance and gift taxation. Under this initiative, the NTS conducted retroactive appraisals on properties for which inheritance tax had already been properly reported and paid, resulting in additiona...