Bail Bonds by Marvin Nelson, Inc., a Corporation v. Commissioner of the Internal Revenue Service

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• absence of arm’s length dealing and lack of evidence demonstrating that obligation to repay loans was genuine supports conclusion that alleged legal obligation to repay loans was purely formal; thus, interest on loans not deductible
• “A stipulation will generally be enforced unless manifest injustice would result.”

Source: CourtListener parenthetical corpus (CC0).