TaxProf Blog

Editor: Paul L. Caron
Pepperdine University School of Law

A Member of the Law Professor Blogs Network

Saturday, November 28, 2009

Tax Court Awards $323k in Attorneys' Fees to Two Kersting Tax Shelter Investors Because of IRS Misconduct

The Tax Court on Wednesday awarded $322,693 in attorneys' fees (after a 33.3% reduction for "overlawyering") and $15,290 in expenses under § 6673(a)(2)(B) to two Kersting tax shelter investors (Kersting v. Commissioner, T.C. Memo. 1999-197 (June 17, 1999)) for expenses incurred during the remand proceedings stemming from IRS misconduct. Hongsermeier v. Commissioner, T.C. Memo. 2009-273 (Nov. 25, 2009). Prior TaxProf Blog coverage:

http://taxprof.typepad.com/taxprof_blog/2009/11/tax-court-awards.html

New Cases, Tax | Permalink

TrackBack URL for this entry:

http://www.typepad.com/services/trackback/6a00d8341c4eab53ef0120a6e30301970b

Listed below are links to weblogs that reference Tax Court Awards $323k in Attorneys' Fees to Two Kersting Tax Shelter Investors Because of IRS Misconduct:

Comments

This money should be deducted from the Executive Services Bonus Account.

Posted by: AD | Nov 28, 2009 4:47:34 PM

Great case on tax shelter litigation and IRS misconduct. In some cases I have found they "make up the law' as they go along, in others they play by the book. I enjoy your blog keep up the good work.

Posted by: Nick Paleveda MBA J.D. LL.M | Nov 29, 2009 9:40:40 AM