I just realized that if Gary Michelson had funded his non-profits and awarded his prize he wouldn't have needed the tax breaks. Here Gary rants that everyone is cheating him when it's really Gary cheating himself... and the IRS. Law360, Los Angeles (April 17, 2014, 8:48 PM ET) -- A Los Angeles surgeon suing
I just read this from one of those articles. Serial litigant Gary Michelson is going to lose this case.
"In a demurrer filed in April, Proskauer asserted that it issued the opinion letters long after Michelson completed the transactions, and says that the letters only stated that if Michelson contested an adverse IRS determination, a reviewing court should uphold his position.
“Each letter cautions that ‘there can be no guarantee that following an audit, the [IRS] will not take a position contrary to the opinion set forth herein, which ultimately may be sustained by the courts,’” the demurrer said.
Proskauer claimed that when the IRS did make an adverse determination, Michelson chose not to litigate. Instead, Michelson settled with the government and went after Proskauer, the firm said."
Gary Michelson has now sued many people for "cheating" him and he lost most of the cases. (1) He sued a real estate person for appraising a property for more than what it ultimately sold for. He lost, appealed and lost again. He created his own loss in that situation. (2) He sued Proskauer for cheating him on tax free investments and will soon lose again. (3) He claimed Loftus cheated him and stole. Loftus sued him and won for defamation. (4) He claimed Richard cheated him in Costa Rica yet the DA said there was no crime, no evidence of any crime. Something is obviously very wrong with Gary Michelson.
|Gary Michelson, Proskauer, lawsuit, tax cheat, irs, fines, tax shelter|
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