Tuesday, October 27, 2015

Tax Division Alumnus in the Tax News (10/27/15)

Yesterday, the Tax Court decided the case of Estate of Redstone v. Commissioner, 145 T.C. No. 11 (2015), here.  I post the case here because an alumnus is a player in the drama in the case.  Here is the pertinent quote about his service with the Tax Division:
Sumner [Redstone] graduated from Harvard College in 1944 and Harvard Law School in 1947. He practiced law for several years, including a stint in the Tax Division of the U.S. Department of Justice, before starting work in 1954 for the family business. 
Many of you will recall the name Sumner Redstone.  His Wikipedia entry is here.

The following footnote also appears in the decision:
   n2  Sumner is the petitioner in a companion case, Redstone v. Commissioner, T.C. Dkt. No. 8097-13 (filed Apr. 10, 2013). That case has not been consolidated with the instant case. While the cases share a common factual background, they present different issues.

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