Kardash v. Commissioner (III)

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Full Text of Court Cases
August 4, 2017
1522 General Contractors-Residential Buildings, Other Than Single-Family
236118 Residential Remodelers
federal taxation
expert testimony, intangible assets, asset approach, discounted cash flow (DCF), fair market value (FMV), market approach, solvency, constructive fraud, internal revenue code (IRC), dividends, transferee liability

Kardash v. Commissioner (III)
2017 U.S. App. LEXIS 14389
US
Federal Court
11th Circuit
United States Court of Appeals
Stanley A. Murphy (petitioners); Dr. Israel Shaked (IRS/respondent)
Boggs

Summary

Appeals court upholds Tax Court’s transfer liability rulings; there was constructive fraud in that dividend payments to appellant were not compensation for services rendered but were part of a series of transfers leading to company’s insolvency.
Kardash v. Comm’r (Kardash III)
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See Also

Appeals Court Upholds Insolvency Rulings in Transfer Liability Case

Appeals court upholds Tax Court’s transfer liability rulings; there was constructive fraud in that dividend payments to appellant were not compensation for services rendered but were part of a series of transfers leading to company’s insolvency.