2nd Circ. Revives Penalty Collection Fight In $380M Tax Case

By Kat Lucero · June 29, 2026, 6:49 PM EDT

The Second Circuit revived penalty collection challenges Monday by six companies found to owe $380 million to the IRS from participating in a tax scheme, saying an appeals officer's failure to verify that fines had been approved by...

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Case Information

Case Title

Besicorp Group, Inc. v. Commissioner of Internal Revenue

Case Number

23-296

Court

Appellate - 2nd Circuit

Nature of Suit

Agency 

Date Filed

March 07, 2023