SHOCKLEY v. C.I.R.

No. 16-13473.

872 F.3d 1235 (2017)

Sandra K. SHOCKLEY, et al., Petitioners-Appellants, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

United States Court of Appeals, Eleventh Circuit.

October 3, 2017.


Attorney(s) appearing for the Case

Jenny Louise Johnson Ware , Guinevere M. Moore , Johnson Moore, LLC, Chicago, IL, for Petitioner-Appellant.

Arthur Thomas Catterall , Gilbert Steven Rothenberg , Francesca Ugolini, U.S. Department of Justice Chief Appellate Section Tax Division, William J. Wilkins , Chief Counsel-IRS, Washington, DC, for Respondent-Appellee.

Before TJOFLAT and WILSON, Circuit Judges, and ROBRENO, District Judge.


Terry and Sandra Shockley, a husband and wife duo, formerly owned a television and radio company called Shockley Communications Corporation ("SCC"). In conjunction with their retirement, the Shockleys sold SCC and reported their gains from this sale on timely federal income tax...

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