Wilson v. The United States of America
Case Number:
20-603
Court:
Nature of Suit:
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July 28, 2021
IRS Can Impose $3.2M Penalty In Trust Case, 2nd Circ. Says
The IRS can impose a $3.2 million penalty on a dead man's estate because he failed to report a distribution from a foreign trust he owned and enjoyed as beneficiary, the Second Circuit held Wednesday, vacating a district court's ruling.
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June 29, 2020
Court Wrongly Tossed Man's $3.2M IRS Penalty, 2nd Circ. Told
A New York man owes a $3.2 million penalty for failing to report a distribution from his foreign trust, the U.S. told the Second Circuit on Monday, urging it to reverse a lower court's rejection of the penalty.