Tax Court Right To Reject Couple's $2.4M Tax Shelter: 4th Circ.

By David Hansen · December 10, 2018, 4:19 PM EST

A Fourth Circuit panel has upheld a U.S. Tax Court rejection of a $2.4 million tax shelter scheme, ruling it had no economic substance and the taxpayers should have known it...

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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