Subscribe (Free) to
Daily or Weekly Newsletters
Post a Job

Featured Jobs

Plan Compliance Analyst (Administrator)


RPA logo

Education Consultant

(Remote / Putnam Valley NY)

Pentegra logo

View More Employee Benefits Jobs

Free Newsletters

“BenefitsLink continues to be the most valuable resource we have at the firm.”

-- An attorney subscriber

Mobile App image LinkedIn icon
Twitter icon
Facebook icon

<< Previous news item   |   Next news item >>

Third Circuit: Camelot Music's COLI Arrangement Lacked Economic Substance (PDF)
U.S. Court of Appeals for the Third Circuit, via FindLawLink to more items from this source
Aug. 19, 2002

IRS v. CM Holdings, Inc., No. 00-3875 (3d Circuit Aug. 16, 2002). Excerpt: Appellant CM Holdings, Inc. ("CM Holdings'), the parent company of Camelot Music, Inc. ('Camelot'), challenges the District Court's holding that loading dividends used to fund insurance premiums for corporate-owned life insurance ('COLI") policies were shams in fact, and that the transactions as a whole lacked economic substance. We affirm[.]

Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).
An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).
© 2022, Inc.