Mark S. Hines, and Wife Lisa B. Hines v. United States of America, Mark S. Hines, and Wife Lisa B. Hines 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 the transaction at issue possessed economic substance because of an expected pretax profit, but denying the deduction because the court found that the sole motive of the plaintiff in entering the transaction was to gain tax benefits, “without any other business purpose”

Source: CourtListener parenthetical corpus (CC0).