Sugarloaf Fund, LLC v. CIR
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January 02, 2019
Partnership Was Tax Sham, 7th Circ. Affirms
The Seventh Circuit has upheld a U.S. Tax Court ruling against a partnership, saying it was a sham formed solely to avoid taxes.
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November 07, 2018
Atty In Tax Shelter Fight May Have Conflict, 7th Circ. Told
The attorney for a limited liability company in a tax dispute with the Internal Revenue Service may have a conflict of interest because he owns one of the partner companies in the dispute, the U.S. told the Seventh Circuit on Wednesday.
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June 14, 2018
IRS Asks 7th Circ. To Uphold Tax Shelter Penalties On LLC
The Internal Revenue Service has asked the Seventh Circuit to uphold penalties assessed to a limited liability company by the U.S. Tax Court for its participation in a tax sheltering scheme.