USA v. John Paulson, et al
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July 25, 2023
9th Circ. Won't Revisit Gulfstream Heirs' $10M Tax Case
The Ninth Circuit won't revisit a split panel decision concluding that the family members of the founder of Gulfstream Aerospace Corp. can be held personally liable for his estate's $10 million tax bill, the appeals court said Tuesday.
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June 30, 2023
Gulfstream Widow Urges 9th Circ. To Rethink $10M Estate Tax
The widow of the founder of Gulfstream Aerospace Corp. asked the Ninth Circuit on Friday to reconsider its conclusion that she can be held personally liable for his estate's $10 million tax bill, arguing the ruling "radically expands the Internal Revenue Service's power," among other consequences.
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May 18, 2023
Gulfstream Founder's Family Owes $10M In Tax, 9th Circ. Says
The widow and family members of the Gulfstream Aerospace Corp. founder can be held personally liable for more than $10 million in taxes on the estate left behind, even if they received property from the estate long after the founder's death, a split Ninth Circuit ruled.
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February 11, 2022
Gulfstream Heirs' $10M Tax Bill Turns On Comma, IRS Says
The IRS told the Ninth Circuit on Friday that a lower court misinterpreted a comma in the tax code when ruling that there is no personal liability for unpaid estate taxes on successor trustees who receive assets from a decedent's living trust, such as family of the founder of Gulfstream Aerospace Corp.
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November 12, 2021
Gulfstream Family On Hook For $10M In Taxes, 9th Circ. Told
The IRS can hold family members of the founder of Gulfstream Aerospace Corp. personally liable for $10 million in taxes accrued by his estate, the U.S. government told the Ninth Circuit on Friday, disputing a lower court's contrary decision.
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July 13, 2021
Trustees Liable For Estate's $6.6M Taxes, US Tells 9th Circ.
A California federal court was wrong when it ruled the successor trustees of an estate with a $6.6 million unpaid tax liability were not personally liable for that outstanding debt, the U.S. government has told the Ninth Circuit.