Holding a Bad Hand: The Third Circuit Addresses Economic Substance, Part II.

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This post continues my discussion of the Third Circuit's decision in Crispin v. Commissioner; this segment focuses on the penalty assessed on the basis of a gross valuation misstatement.

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Published In: Tax Updates

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.

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