Sanford Strategic Investment Fund LLC v. United States of America
Case Number:
3:04-cv-04398
Court:
Nature of Suit:
Judge:
Firms
-
January 13, 2015
US, Tax Shelter Ordered To Finish Suit Over Loss Deductions
A California federal judge moved toward closing a case Monday against the U.S. government filed by two partnerships found to have operated illegal tax shelter funds now that the government won't pursue an additional negligence penalty against the funds, which unsuccessfully sued in attempt to claim certain deductions.
-
September 08, 2014
Tax Shelter Funds Blast US Bid To 'Create New Law'
Two companies found to have operated illegal tax shelter funds blasted the U.S. government’s purported bid to seek more penalties in a suit over their bond-linked issue premium structures, saying that the government has asked the court to “create new law on partnership proceedings.”
-
August 01, 2014
KPMG-Backed Tax Shelter Funds Can't Shake IRS Penalties
A California federal judge on Thursday granted summary judgment to the U.S. government in a suit brought by allegedly criminal tax shelter funds promoted by KPMG LLP, saying that their bond-linked issue premium structures lack economic substance.
-
July 23, 2014
IRS Right To Penalize KPMG-Backed Tax Shelters, Gov't Says
The federal government argued Wednesday that the U.S. Internal Revenue Service correctly penalized a raft of sham tax-shelter funds promoted by KPMG, urging a California federal judge to end several long-running suits brought by investment funds who say they were unfairly taxed.