Indu Rawat v. Cmsnr. IRS

  1. February 08, 2024

    DC Circ. Skeptical Of 5-Hour Energy Partner's Tax Challenge

    D.C. Circuit judges seemed skeptical of a Canadian citizen's argument that $6.5 million in gains she received from selling a share of a U.S. partnership that sold 5-Hour Energy drinks shouldn't be federally taxed, grappling to understand her reasoning during oral arguments Thursday.

  2. December 19, 2023

    5-Hour Energy Partner Doesn't Owe Tax On Gain, DC Circ. Told

    A Canadian citizen's $6.5 million in gains from the sale of her share in a U.S. partnership that sold 5-Hour Energy drinks should be free from federal taxes, she told the D.C. Circuit on Tuesday, arguing that a lower court failed to acknowledge her personal property.

  3. November 08, 2023

    Foreign Partner Liable For $6.5M In Gains, DC Circ. Told

    A foreign citizen living abroad who sold her share in a U.S. partnership that sold 5-Hour Energy drinks owed federal income tax on $6.5 million in gains stemming from the partnership's sale of inventory, the U.S. government told the D.C. Circuit.