Capes Sokol Prevails Against the IRS Commissioner in Tax Court Case

In a case where the Internal Revenue Service alleged that Petitioners, a trucking company and its sole shareholder, were liable for millions of dollars in corporate and gift tax deficiencies and penalties, the U.S. Tax Court found one hundred percent in favor of Petitioners. The trial and post-trial briefing were handled by Mark E. Goodman,…

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Firm Obtains Tax Refund from IRS for Estate Assets Under Audit

Recently, the Internal Revenue Service issued its Closing Letter following its audit of an estate represented by Capes, Sokol, Goodman & Sarachan. As a consequence of adjustments agreed to by the IRS during the course of the audit, a refund was issued to the estate. The primary issue of the audit concerned whether valuable artwork,…

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