US Court of Appeals ruling in Superior Trading permits broad penalty application in tax shelter cases

Joe Dalton

September 01 2013

The US Court of Appeals for the Seventh Circuit is the latest appellate court to favour the Internal Revenue Service’s (IRS) broad application of penalties on taxpayers entering into transactions lacking economic substance, after its ruling against Superior Trading.

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Joe Dalton

Joe Dalton worked at ITR between 2011 and 2013

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