Joseph McKenny, et al v. USA

Track this case

Case overview

Case Number:

18-10810

Court:

Appellate - 11th Circuit

Nature of Suit:

2870 Tax Suits

  1. September 01, 2020

    Couple's Grant Thornton Settlement Taxable, 11th Circ. Says

    A couple owe tax on an $800,000 settlement of a suit against accounting firm Grant Thornton because they didn't show they wouldn't have owed taxes had the firm followed through on its tax planning, the Eleventh Circuit said Tuesday.

  2. December 05, 2018

    Accounting Malpractice Settlement Taxable, 11th Circ. Hears

    A federal court should have held that an $800,000 settlement over accounting malpractice was taxable to a Florida couple because it was an accumulation of wealth not excluded by the tax code, the IRS has told the Eleventh Circuit.

  3. October 09, 2018

    Lawsuit Settlement Not Taxable Income, 11th Circ. Told

    A Florida couple who were victims of an accounting firm's malpractice should not have to include in taxable income funds they recovered in a lawsuit settlement and should be allowed to deduct their legal expenses, the couple have told the Eleventh Circuit.

  4. September 06, 2018

    Malpractice Settlement Is Taxable Income, 11th Circ. Told

    A Florida district court erred when it ruled that a couple admitting to using an illegal tax shelter did not have to report an $800,000 malpractice settlement from their attorneys who advised them on the shelter, the federal government said in a brief filed Thursday with the 11th Circuit.