Show simple item record Phelan, Marilyn E. 2010-02-26T20:48:19Z 2010-02-26T20:48:19Z 1990
dc.identifier.citation 21 Tex. Tech L. Rev. 379 en_US
dc.description.abstract The Fifth Circuit issued opinions in twenty cases involving federal taxation questions during the current survey period. The cases involved a wide spectrum of issues; a few involved unprecedented issues. The court rendered several noteworthy opinions in cases addressing the definition and/or application of various tax concepts, such as "innocent spouse," "working capital needs" of a corporation, and "sham transaction"; it also issued a highly questionable opinion relating to the application of the "assignment of income" doctrine. One unprecedented case, addressing the redemption rights of the Internal Revenue Service ("IRS") regarding property subject to a junior tax lien, caused adverse consequences to a first lien mortgagor who bid less than the fair market value for the property at a foreclosure sale. en_US
dc.language.iso en_US en_US
dc.publisher Texas Tech Law Review
dc.subject Fifth circuit en_US
dc.subject Federal taxation en_US
dc.subject Innocent spouse en_US
dc.subject Working capital needs en_US
dc.subject sham transaction en_US
dc.subject assignment of income en_US
dc.subject Redemption rights en_US
dc.subject Junior tax lien en_US
dc.title Federal Taxation en_US
dc.type Article en_US

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