Interstate Van Lines Family Protests $60.4M Tax Deficiency

Law360, Washington (March 19, 2014, 6:25 PM ET) -- The family of Interstate Group Holdings Inc.'s deceased founder has challenged an Internal Revenue Commission determination that they owe nearly $60.4 million in tax deficiencies and penalties due to their failure to pay gift and estate taxes on real estate and insurance policies.

Arthur E. Morrissette Jr., Donald J. Morrissette and Kenneth Morrissette — the sons of deceased Interstate Van Lines executive Arthur E. Morrissette Sr. and Clara M. Morrissette — filed a petition in the U.S. Tax Court on March 5, claiming the IRS erred...
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