Gerald Leuhsler, Beverly Leuhsler 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 that even unsophisticated investors cannot escape a negligence penalty by claiming reliance on the advice of those who are not professional investment counselors
• holding that even unsophisticated investors cannot escape a negligence penalty by claiming reliance on the advice of those who are not professional investment counselors
• observing that a tax court's findings on negligence issues are reviewed for clear error
• unsophisticated investors cannot escape negligence penalty by relying on the advise of persons who are not professional investment counselors
• even an unsophisticated taxpayer may not reasonably rely on \advice\ from a promoter of a tax shelter

Source: CourtListener parenthetical corpus (CC0).