Bernard M. Barenholtz v. The United States

How courts have described this case

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

• describing the exception to the general rule regarding collater-alization with tax-exempt securities
• government may make upward adjustments to taxable income in years closed by the statute of limitations to determine tax liability in open years
• government may make upward adjustments to taxable income in years closed by the statute of limitations to determine tax liability in open years
• “The fact that [plaintiff] used the tax-exempt bonds as collateral is direct evidence of the prohibited purpose.”
• “Tt is well settled that the IRS and the courts may recompute taxable income in a closed tax year in order to determine tax liability in an open year.”

Source: CourtListener parenthetical corpus (CC0).