Commissioner v. National Alfalfa Dehydrating & Milling Co.

How courts have described this case

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

• holding that a taxpayer has discretion in structuring a transaction but is bound by its tax consequences
• referring to “the established tax principle that a transaction is to be given its tax effect in accord with what actually occurred and not in accord with what might have occurred”
• “[W]hile a taxpayer is free to organize his affairs as he so chooses, nevertheless, once having done so, he must accept the tax 20 (...continued
• \a transaction is to be given its tax effect in accord with what actually occurred and not in accord with what might have occurred\
• transaction is to be given tax effect in accord with what actually occurred and not in accord with what might have occurred
• taxpayer must accept unfavorable tax consequences of chosen transaction form, whether contemplated or not

Source: CourtListener parenthetical corpus (CC0).