United States Sixth Circuit

Ruling that the IRS had improperly disallowed certain deductions and assessed tax deficiencies and interest involving plaintiff's corporate-owned life insurance policies is reversed where the insurance plans were economic shams and, thus, the IRS deductions were properly disallowed.

Appellate Information

• Decided 01/23/2006
• Published 01/23/2006

Judges

• Before:  RYAN, MOORE, and COOK, Circuit Judges.

Court

• United States Sixth Circuit

Counsel

• For Appellees:
  
• ARGUED:  Dennis M. Donohue, United States Department of Justice, Washington, D.C., for Appellant.  John B. Magee, McKee Nelson LLP, Washington, D.C., for Appellee.   ON BRIEF:  Dennis M. Donohue, Richard Farber, Gilbert S. Rothenberg, Robert W. Metzler, James D. Hill, United States Department of Justice, Washington, D.C., for Appellant. John B. Magee, Gerald Goldman, Raj Madan, Richard C. Stark, Sheri A. Dillon, McKee Nelson LLP, Washington, D.C., for Appellee.