MUHICH v. CIR, 00-1186
Taxpayers' family trusts were "shams" where taxpayers transferred their assets to the trusts in an attempt to have the trusts pay all their personal expenses, warranting decision penalties under I.R.C. Section 6662(a), and denial of sham trust deductions.
- Argued 10/25/2000
- Decided 01/25/2001
- Published 01/25/2001
- COFFEY, Circuit Judge., Before COFFEY, DIANE P. WOOD, and WILLIAMS, Circuit Judges.
- United States Seventh Circuit
- For Appellant:
- Joe A. Izen, Jr. (argued), Izen & Associates, Bellaire, TX, for Petitioners-Appellants.
- For Appellees:
- Frank P. Cihlar, Department of Justice, Tax Division, Appellate Section, Washington, DC, for Respondent-Appellee in 00-1186., Frank P. Cihlar, Joel L. McElvain (argued), Department of Justice, Tax Division, Appellate Section, Washington, DC, for Respondent-Appellee in 00-1187.