United States Ninth Circuit

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Slone v. Commissioner of Internal Revenue, 16-73354

Held that shareholders were liable for taxes on proceeds from the sale of a close corporation. The Internal Revenue Service sued the shareholders, claiming they violated Arizona's Uniform Fraudulent Transfer Act by engaging in a complex series of stock and asset transactions that resulted in creating a debtor company unable to pay the tax bill. Agreeing with the IRS's position, the Ninth Circuit reversed a decision of the Tax Court and remanded with instructions to enter judgment in favor of the IRS.

Appellate Information

  • Argued
  • Submitted
  • Decided
  • Published 2018/07/24


  • Schroeder


  • United States Ninth Circuit


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