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Taxation & Estate Planning

: TaxProf Blog

District Court Rejects $327m 'Son-of-Boss' Tax Shelters Claimed by Former U.S. Ambassasor Richard Egan

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The U.S. District Court in Massachusetts yesterday sided with the IRS in a 357-page opinion and disallowed two tax shelters used by the EMC Corp. founder (and ambassador to Ireland under President George W. Bush) RIchard J. Egan and his wife generating $160 million of ordinary losses and $167 million...

Full post as published by TaxProf Blog on May 18, 2010 (boomark / email).

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