Monday, May 06, 2013

Eleventh Circuit -- David H. Crumpton v. Richard Stephens

Payment to shareholder of closely held S-corporation in order to offset tax liability generated by the corporation's assets was not a fraudulent transfer, as it was compensation for the S-corporation election.

David H. Crumpton v. Richard Stephens
Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.