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Family Owes $81M Taxes On 'Son-Of-Boss' Scheme, DOJ Says

By Kat Lucero · September 20, 2024, 6:44 PM EDT

Former shareholders of a family-owned holding company owe the IRS nearly $81 million for participating in what is known as a Son-of-Boss arrangement, which generated fake capital losses in the 2022...

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Documents

Complaint

Case Information

Case Title

United States of America v. Vance Finance and Holding Corp. et al

Case Number

1:24-cv-06846

Court

New York Southern

Nature of Suit

Taxes

Date Filed

September 10, 2024

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