Sugarloaf Fund, LLC, et al v. CIR
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March 06, 2020
Ex-Seyfarth Partner's Tax Shelter Still A Sham, 7th Circ. Says
A tax shelter designed by a former Seyfarth Shaw LLP partner remained an abusive sham despite changes to its structure, the Seventh Circuit ruled Friday in rejecting the scheme for the third time.
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February 14, 2020
7th Circ. Asks If Changes Truly Transformed Tax Shelter
A Seventh Circuit judge on Friday pushed an ex-Seyfarth partner to address whether rollups of trading companies and investor trusts did enough to "clean the sham status" of a partnership found to be a tax shelter in the early 2000s, as the partnership now asks the court to reject IRS adjustments for later tax years.
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December 17, 2019
Partnership Tells 7th Circ. It's No Longer Tax Shelter
A partnership found to be a tax shelter in the early 2000s has overhauled its structure and is now a legitimate business, it told the Seventh Circuit Tuesday in asking the court to reject IRS adjustments for later tax years.
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November 26, 2019
Biz Sold Tax Shelters, Not Collection Services, 7th Circ. Told
An attorney-promoted partnership purporting to operate as a debt collection operation was actually in the business of selling abusive tax shelters, the U.S. government told the Seventh Circuit on Tuesday.