Motown Songwriter Beats IRS in $20 Million Tax Lien Case

A Motown songwriter responsible for 1960s hits including “Stop In The Name of Love” and “Baby Love” was found to have not defrauded creditors as claimed by the IRS in a $20 million tax lien case.

A three-judge panel of the U.S. Court of Appeals for the Sixth Circuit affirmed a lower court’s ruling that Edward Holland Jr. acted in accordance with IRS regulations. Holland didn’t defraud creditors when he created a partnership and transferred his song royalty assets to it in 1998, subsequently monetizing the assets, according to the Tuesday opinion.

In 2012 the ...