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Stock Sale 'Utterly Devoid' Of Economic Substance, 4th Circ. Told

By David Hansen · March 28, 2019, 7:07 PM EDT

The president and a business partner of a distressed-debt business sold their company's stock to themselves in a transaction "utterly devoid" of economic substance to avoid taxes on $45.7 million in...

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Case Information

Case Title

Estate of Arthur E. Kechijian v. Comm of Internal Revenue

Case Number

18-2277

Court

Appellate - 4th Circuit

Nature of Suit

U.S. Tax Court 

Date Filed

October 29, 2018


Case Title

Larry Austin v. Commissioner of IRS

Case Number

18-2402

Court

Appellate - 4th Circuit

Nature of Suit

U.S. Tax Court 

Date Filed

November 26, 2018