Summary
Tax cases and decisions
Six court cases and rulings in 1997 that provide tax planning opportunities are presented. These are Kordoptis v. US, Reser v. Comm, Motter v. US, Wise v. US, Delk v. Comm, and Uslu v. US. These 1997 cases and rulings present situations that can be applied to actual tax planning practices. However, other cases and rulings should be considered to ensure that these 1997 cases and rulings are applied to an individual's specific situation.See the full content of this document
Extract
1997 court cases & rulings.
The purpose of this column is to alert the reader to recent cases and rulings where there is a planning opportunity presented, a case or ruling that could be used in practice, or a warning about a trap for the unwary.
As to planning opportunities, Delk v. Comm. sets forth this situation. The other cases provide situations the reader can use in practice. Of course, the reader, before applying these cases and rulings to actual practice, should consult additional cases and rulings to make sure they apply to the specific situation facing the reader. Kordoptis...See the full content of this document
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