KSP Investments, Inc. v. United States of America
Filing 179
Opinion and Order signed by Judge James S. Gwin on 5/28/08. For the reasons stated in this entry the Court sustains the IRS's determination that plaintiffs' asserted tax benefits relating to the AWG transaction are improper. The Co urt denies the plaintiffs' claimed depreciation deductions, interest expense deductions and amortization of transaction costs deductions. The Court also sustains the IRS's imposition of accuracy-related penalties at the partnership level for substantial understatement of tax liability. (Related Doc. 1 ) (M,G)
Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia.
