Topic: there is not even a colorable basis for the tax shelter tha… · Go Syfert
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Topic #19959

7 canonical passages across 5 cases, quoted by 21 opinions in total. These passages cluster together because the same opinions keep quoting them side by side — they state parts of one doctrine. The anchor passage is from Superior Trading, LLC v. Commissioner.

#Case FlagCanonical passage Citers
1 Superior Trading, LLC v. Commissioner Anchor
ca7 · 2013
green “there is not even a colorable basis for the tax shelter that mr. rogers created and the parties implemented.” 3
2 Superior Trading, LLC v. Commissioner
ca7 · 2013
green “an entity without economic substance, whether a sham partnership or a sham trust, is a sham either way and hence is not recognized for federal tax law purposes.” 3
3 Superior Trading, LLC v. Commissioner
ca7 · 2013
green “no joint business goal motivated the creation of warwick” 3
4 Superior Trading, LLC v. Comm'r
· 2012
green “alternative holdings, each by itself sufficient to sustain respondent's adjustments” 3
5 Gerdau MacSteel, Inc. & Affiliated Subsidiaries v. Commissioner
· 2012
green “expenditures made in an attempt to obtain abusive tax shelter benefits are not ordinary and necessary business expenses or otherwise deductible under section 162(a).” 3
6 Gordon v. Commissioner
tax · 1985
green “formally separate steps in an integrated and interdependent series that is focused on a particular end result will not be afforded independent significance in situations in which an isolated examination of the steps will not lead to a determination reflecting the actual overall …” 3
7 Penrod v. Commissioner
· 1987
green “whether 'the steps are so interdependent that the legal relations created by one transaction would have been fruitless without a completion of the series.” 3

A red or yellow flag on a member means the underlying case has negative treatment — for those, check the case page before relying on the passage.

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