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Tax Shelter

By: Derek Hawkins//January 22, 2019//

Tax Shelter

By: Derek Hawkins//January 22, 2019//

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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

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Derek A Hawkins is trademark corporate counsel for Harley-Davidson. Derek oversees the prosecution and maintenance of the Harley-Davidson’s international trademark portfolio in emerging markets.

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