George v. Zmuda and Walburga Zmuda v. Commissioner of Internal Revenue

How courts have described this case

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

• holding three foreign trusts established to avoid taxes on the income from properties within the United States were shams
• negligence addition imposed where taxpayers did not make reasonable inquiry as to the income tax validity of their actions
• taxpayer's comprehension of the theories encompassed by the notice's language was evident in the pleadings
• individual investor has duty to make reasonable inquiry before acting
• investors, as trustees, had complete control over the income-producing property of the trusts

Source: CourtListener parenthetical corpus (CC0).