Samuel Anderson and Mary Anderson 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.

• concluding that taxpayer could reasonably rely on an investment adviser who was a friend and possessed a good reputation in the community
• finding that structure of transaction and mismatch between useful life of cargo containers and the seller’s obligation to attempt to lease them should have induced greater scrutiny from the taxpayers
• finding taxpayer’s reliance on an advisor who was an independent insurance agent and registered securities broker not unreasonable because the commission paid by taxpayer to the advisor, who was not affiliated with the investment, did not jeopardize the advisor’s independence
• wherein the taxpayers relied on their own investment adviser regarding the soundness of their investment

Source: CourtListener parenthetical corpus (CC0).