Kardash v. Commissioner: Minority Shareholder Liable for Unpaid Taxes Under Section 6901

The Eleventh Circuit, in Kardash v. Commissioner (11th Circuit 16-14254, Aug. 4, 2017), affirmed a Tax Court decision that held a minority shareholder in a concrete products company liable for the company’s unpaid taxes under section 6901 as a transferee, stating that the Tax Court did not err in finding that payments he received were fraudulently transferred to him by the majority shareholders.

See full opinion of Kardash v. Commissioner by clicking here. 

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.