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Philip H Karter

Philip Karter’s Legal Cases

13 total


  • Frontier Oil Corporation v. Commissioner, Docket No. 21151-10 (U.S.T.C.)

    Practice Area:
    Tax
    Date:
    Jan 01, 2011
    Outcome:
    Settled
    Description:
    Lead trial counsel for taxpayer claiming § 162(m)(4)(C) exception to limitation on deductability of qualified performance-based compensation.
  • WFC Holdings Corp. v. United States, Docket No. 07-CV-3320 (D.Minn.)

    Practice Area:
    Tax
    Date:
    Oct 04, 2010
    Outcome:
    Government victory; Certiorari to U.S. Supreme Court Denied
    Description:
    Lead trial counsel for taxpayer claiming $423 million capital loss from the sale of stock in a contingent liability lease management subsidiary. Case tried to court, October, 2010.
  • Black & Decker Corp. v. United States,340 F. Supp. 2d 621 (D. Md. 2004)

    Practice Area:
    Tax
    Date:
    Jan 01, 2006
    Outcome:
    Settled
    Description:
    Trial counsel for taxpayer claiming $560 million capital loss from the sale of stock in a contingent liability health care subsidiary.
  • Kohler Co. v. United States, 468 F.3d 1032 (7th Cir. 2006)

    Practice Area:
    Tax
    Date:
    Jan 01, 2005
    Outcome:
    Taxpayer victory
    Description:
    Obtained Seventh Circuit decision affirming summary judgment in favor of taxpayer's claim that participation in Mexican debt-equity swap did not produce short-term capital gain.
  • VF Corp. v. Commissioner, No. 7584-02 (U.S. Tax Court, filed Apr. 19, 2002)

    Practice Area:
    Tax
    Date:
    Jan 01, 2002
    Outcome:
    Taxpayer victory
    Description:
    Obtained full IRS concession in Tax Court case involving the question of whether $59 million cost of providing retail display to retail customers is currently deductible or must be capitalized.
  • Kimberly-Clark Tissue Co. v. United States, 38 F. Supp. 2d 1028 (E.D. Wis. 1999)

    Practice Area:
    Tax
    Date:
    Jan 01, 1999
    Outcome:
    Taxpayer victory
    Description:
    Won summary judgment on issue involving taxpayer's entitlement to an investment tax credit under the "world headquarters" transitional rule of the 1986 Tax Reform Act.
  • Emhart Corp. v. United States, No. 98-1823 (D. Md., filed June 9, 1998)

    Practice Area:
    Tax
    Date:
    Jan 01, 1998
    Outcome:
    Settled
    Description:
    Obtained favorable settlement for taxpayer seeking to deduct the costs associated with the defense against a hostile takeover attempt.
  • Emhart Corp. v. Commissioner, 75 T.C.M. 2231 (1998)

    Practice Area:
    Tax
    Date:
    Jan 01, 1998
    Outcome:
    Taxpayer victory
    Description:
    Won taxpayer's claim to a worthless stock deduction for losses attributed to the disposition of a foreign subsidiary.
  • Kimberly-Clark Tissue Co. v. United States, No. 97-0134 (E.D. Wis., filed Feb. 12, 1997)

    Practice Area:
    Tax
    Date:
    Jan 01, 1997
    Outcome:
    Settled
    Description:
    Obtained favorable settlement before trial for taxpayer seeking to amortize a $100 million greenmail payment over the term of the standstill agreement provided by a hostile shareholder in exchange for the greenmail payment.
  • VF Corp. v. Commissioner, No. 23340-95 (U.S. Tax Court, filed Nov. 9, 1995

    Practice Area:
    Tax
    Date:
    Jan 01, 1995
    Outcome:
    Taxpayer victory
    Description:
    Obtained full IRS concession in Tax Court case involving the question of whether taxpayer could accrue and deduct costs for cooperative advertising with its retailers before claims were submitted and payments were made.