By: Derek Hawkins//January 22, 2019//
7th Circuit Court of Appeals
Case Name: Sugarloaf Fund, LLC, v. Commissioner of Internal Revenue
Case No.: 18-1046
Officials: RIPPLE, SYKES, and SCUDDER, Circuit Judges.
Focus: Tax Shelter
Before us in this appeal is a tax shelter almost identical to the one we agreed reflected an abusive sham in Superior Trading, LLC v. Commissioner, 728 F.3d 676 (7th Cir. 2013). We reach the same conclusion here and affirm the Tax Court’s judgment and imposition of penalties.
Affirmed