IRS Urges 4th Circ. To Uphold Ruling Against Tax Shelter

By David Hansen · May 4, 2018, 4:44 PM EDT

A sophisticated investor looking to the economic substance of a loan would not pay more than $2 million in fees to borrow $5.3 million, the IRS told the Fourth Circuit Thursday in...

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Case Information

Case Title

Guy R. Baxter v. Commissioner of IRS

Case Number

17-2402

Court

Appellate - 4th Circuit

Nature of Suit

U.S. Tax Court 

Date Filed

December 07, 2017