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Taxation & Estate Planning

: TaxProf Blog

Court Rejects $1.1b Tax Losses Claimed by Andrew Beal in DAD Tax Shelter

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In the first distressed asset/debt (DAD) tax shelter case to go to trial, the U.S. District Court for the Northern District of Texas on Tuesday rejected $1.1 billion in losses claimed by D. Andrew Beal, #329 on Forbes list of the 400 Richest Americans. Southgate Masters Fund v. United States,...

Full post as published by TaxProf Blog on August 20, 2009 (boomark / email).

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