10th Circuit: Son of Boss Transaction Lacks Economic Substance

The 10th Circuit Court of Appeals rejects the District Court’s findings in support of a taxpayer who entered into a Son of BOSS transaction and holds that the transaction lacked economic substance.

Sala v. U.S. Docket No. 08-1333 (10th Cir. July 23, 2010)

For informed commentary on Sala link HERE and HERE.

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