Energy Co. Disputes Collection Period For $2.5M In Taxes

Law360, New York (January 27, 2014, 4:52 PM EST) -- The sole shareholder of a Colorado-based energy company filed a petition for certiorari Monday with the U.S. Supreme Court, claiming the Tenth Circuit ignored a two-year state statute of limitation law when giving the Internal Revenue Service 10 years to collect $2.5 million in back-due taxes.

James F. Holmes, the sole owner of Colorado Gas Compression Inc., is hoping the high court will review an August 2013 decision by the Tenth Circuit, which found he was liable for the company's tax debt as a transferee of...
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