Glass Co.'s Insurance Plan Was Tax Scheme, 9th Circ. Says

By Amy Lee Rosen (June 26, 2019, 7:41 PM EDT) -- A California glass company's life insurance policy was a tax scheme that had to be disclosed to the IRS under pain of penalties, the Ninth Circuit said Wednesday.

A panel for the Ninth Circuit in San Francisco agreed with the government that a California glass company's life insurance policy was substantially similar to other abusive transactions. (Getty Images) A three-judge panel affirmed a district court's ruling that Interior Glass Systems Inc. was required to disclose a $5 million cash-value life insurance policy, called a group term life insurance plan for its sole employee, Michael Yates, from tax years 2009 to 2011....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Attached Documents

Related Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only


Subscribers Only

Nature of Suit

Subscribers Only


Subscribers Only

Date Filed

Subscribers Only


Government Agencies

Judge Analytics

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!