Death may have been certain for prominent Chicago tax attorney Burton Kanter, who died in 2001, but taxes are not -- following a decision Tuesday by the 7th Circuit. The unanimous opinion directed the U.S. Tax Court to find that the late lawyer did not engage in a fraudulent scheme to avoid taxes, as alleged by the Internal Revenue Service. The ruling in the 23-year-old case will wipe out about $15 million, plus interest, in tax deficiencies and civil penalties that the government claimed Kanter owed.
Late Tax Attorney Escapes Final Levy Thanks to 7th Circuit
The National Law Journal
December 2, 2009