Klamath Strategic Investment Fund, LLC v. United States

How courts have described this case

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

• holding that tax matters partner reasonably relied on professional advice with regard to a transaction covered by Notice 2000-44
• holding that tax matters partner reasonably relied on professional advice with regard to a transaction covered by Notice 2000-44
• holding that tax matters partner reasonably relied on professional advice with regard to a transaction covered by Notice 2000-44
• noting that the Court of Appeals for the Fifth Circuit’s view on the applicability of the valuation misstatement penalty is contrary to the views of other Courts of Appeals, but holding that the court must follow the law of the Fifth Circuit
• considering reasonable cause and good faith defense at partnership level by looking to actions of managing member
• considering the transactions on merits and refusing to apply the gross valuation penalty

Source: CourtListener parenthetical corpus (CC0).