Tax attorney Burton W. Kanter died eight years ago, but he still managed to win a case against the IRS earlier this month.
Or at least his heirs did after a Chicago appeals court decided his estate didnt have to pay about $40 million in taxes, interest and penalties the IRS claimed they owed. In the context of the Senate leaderships failure this week to extend the estate tax at its current rates, the
As the IRS steps up its efforts to go after high-income clients with expert examiners from its Large and Mid-size Business Division, the story of Kanters success at constantly staying one step ahead of the IRS shows how ingenuity and a shrewd attorney can still get around the best efforts of the tax authorities, albeit after years of legal proceedings that would exhaust the resources of all but the wealthiest clients.