USA v. Shant Hovnanian, et al
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May 01, 2024
Family Trust Asks Justices To Review $16.2M Tax Row
A family trust established by grandparents for their five grandchildren asked the U.S. Supreme Court to review a Third Circuit ruling finding the trust was the nominee of an adult son with $16.2 million in tax liabilities, saying the decision stands to upset estate planning norms.
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April 24, 2024
Court Pauses Order To Sell Office Park In $16M Tax Battle
A New Jersey federal court paused its order allowing the U.S. government to sell a family trust's office park to satisfy a trustee's $16.2 million tax debt Wednesday, giving the family time to appeal a decision approving the sale to the U.S. Supreme Court.
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February 05, 2024
3rd Circ. Upholds Property Sale In $16M Tax Row
A family trust's New Jersey office park was properly sold off by the government to satisfy the $16.2 million tax debt of a trustee, the Third Circuit ruled Monday, finding the trustee substantially controlled the property even though he didn't hold the title.