Capes Sokol prevails against the Commissioner of Internal Revenue in Tax Court Case
In a case where the Internal Revenue Service alleged that Petitioners, a trucking company and its sole shareholder, were liable for millions of dollars in corporate and gift tax deficiencies and penalties, the U.S. Tax Court found one hundred percent in favor of Petitioners. The trial and post-trial briefing were handled by Mark E. Goodman, Co-Chair of the Firm’s Litigation Practice and Sara G. Neill, Chair of the Civil & Criminal Tax Controversy Practice. Capes Sokol attorneys Laura Krebs Al-Shathir, Sanford J. Boxerman, David V. Capes and Michelle F. Schwerin contributed substantially to the case. It is undetermined at this time whether the Commissioner will appeal to the Eighth Circuit.
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