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Tax Liability
By: Derek Hawkins//October 17, 2018//
Listen to this article7th Circuit Court of Appeals
Case Name: Exelon Corporation v. Commissioner of Internal Revenue
Case No.: 17-2964; 17-2965
Officials: MANION AND BARRETT, Circuit Judges, and GETTLEMAN, District Judge.
Focus: Tax Liability
Petitioner-Appellant Exelon Corporation (“Exelon”) appeals from a decision of the United States tax court which upheld a determination by the Commissioner of Internal Revenue that Exelon is liable for a deficiency of $431,174,592 for the 1999 tax year and $5,534,611 for the 2001 tax year. The tax court also affirmed the imposition of $87 million in accuracy-related penalties. We affirm both decisions.
Affirmed
Attorney Derek A. Hawkins is the managing partner at Hawkins Law Offices LLC, where he heads up the firm’s startup law practice. He specializes in business formation, corporate governance, intellectual property protection, private equity and venture capital funding and mergers & acquisitions. Check out the website at www.hawkins-lawoffices.com or contact them at 262-737-8825.
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