Countryside Limited Partnership: Pro-Taxpayer Decision Despite Economic Substance Attack

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12/22/2008

Bruce Givner Contact

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The economic substance doctrine has been around for a long time. It is a common-law doctrine which the IRS uses to persuade courts to disregard transactions which lack economic substance despite the transactions' literal compliance with the Internal Revenue Code. Here I take a close look at one particularly interesting case: Countryside Limited Partnership.

The Law Offices of Givner & Kaye, APC. (310) 207-8008

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Published In: Finance & Banking Updates, Tax Law Updates, Wills, Trusts, & Estate Planning Updates

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.