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Company Loses Second Challenge to IRS Treatment of Stock Plan

A federal judge for a second time rejected allegations by a Wisconsin business that the IRS unfairly penalized its employee stock ownership plan set up by a man the agency calls a “tax shelter promoter.”

A federal judge for a second time rejected allegations by a Wisconsin business that the IRS unfairly penalized its employee stock ownership plan set up by a man the agency calls a “tax shelter promoter.”
Solid Ground Transportation Inc., along with i… [395 chars]

Source: Bloomberg Tax News | Published: 2026-05-05T13:11:34Z

Credit: Bloomberg Tax News

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