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Famous Tax Quotes - The Form of a Transaction Can Control Tax Consequences

2013-10-22

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[T]he solution of hard tax cases requires something more than the easy generalization that the substance rather than the form of a transaction is determinative of its tax effect. * * * [I]n numerous situations the form by which a transaction is effected does influence or control its tax consequences * * *.

Casner v. Commr., 450 F.2d 379 (5th Cir. 1971)

Also,

The statute itself exalts form over substance.

Chrome Plate, Inc. v. Commr., 614 F.2d 990 (5th Cir. 1980)

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