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Taxation & Estate Planning

: TaxProf Blog

Why Are We Bailing Out These Guys?

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Stadnyk v. Commissioner, T.C. Memo. 2008-289 (Dec. 22, 2008): On December 11, 1996, petitioners purchased a used 1990 Geo Storm from Nicholasville Road Auto Sales, Inc. (Nicholasville Auto), for their son for $3,430. Petitioner wife tendered two checks to Nicholasville...

Full post as published by TaxProf Blog on December 23, 2008 (boomark / email).

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