Estate Of Checkers CEO Fights $4M IRS Assessment

Law360, Washington (December 13, 2013, 4:04 PM EST) -- The estate of late Checkers Fast Food Restaurants Inc. CEO Daniel J. Dorsch petitioned the U.S. Tax Court for a redetermination of a $4.3 million deficiency in estate taxes paid after Dorsch and his wife died in a 2009 plane crash, saying the government overvalued worthless indemnification rights against one of his companies.

Dorsch’s estate also claims the IRS erred by overvaluing the fair market value of Dorsch’s stock ownership in his company, Jordan Nicholas Elliott Inc., which owned fast food restaurant franchises in Florida. While...
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