In re: ICL Holding Co., Inc., et al
Case Number:
14-2709
Court:
Nature of Suit:
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November 24, 2015
IRS Won't Challenge Loss Over $24M LifeCare Sale Tax Bill
The federal government told the Third Circuit on Monday that it has decided not to pursue its challenge over LifeCare Holdings Inc.'s $320 million bankruptcy sale to Carlyle Group LP that purportedly stiffed the Internal Revenue Service for $24 million in capital gains taxes.
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September 14, 2015
IRS Loses Appeal Over $24M LifeCare Sale Tax Bill
The Third Circuit on Monday let stand LifeCare Holdings Inc.'s $320 million bankruptcy sale to Carlyle Group LP, rejecting a government challenge over the structure of the deal that left $24 million in capital gains tax incurred on the sale unpaid.