Capes Sokol Prevails Against the IRS Commissioner 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.

Capes Sokol

Capes Sokol is a St. Louis-based law firm focusing on corporate and real estate matters; business, commercial, intellectual property, and product liability litigation; employment law; tax litigation and controversy; white collar criminal defense; trusts and estates; entertainment and media; and digital currency and blockchain technology.

The content on this post does not constitute legal advice, may be geographically or time sensitive, and is for informational purposes only. You should not act upon the information presented herein without seeking the advice of legal counsel.

The choice of a lawyer is an important decision and should not be based solely upon advertisements. Past results afford no guarantee of future results. Every case is different and must be judged on its own merits.

Al-Shathir, Schwerin, and Neill to Present at the ABA Tax Section 2023 Midyear Tax Meeting
The Power of Mediation: The Path to Healthy Resolution
Maintaining S Corporation Status – Getting Easier and Less Costly