State of Iowa v. Ashley Nicole Wiltse

How courts have described this case

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

• reaching same result on similar facts, when purchase and sale occurred \within hours\ of each other
• Rejecting the taxpayer's argument that the foreign tax credit regime completely sets forth Congress' intent as to allowable foreign tax credits and that an additional economic substance requirement was not intended by Congress
• administrative fees were not deductible because they were “incurred in connection with, and were an integral part of, a sham transaction”

Source: CourtListener parenthetical corpus (CC0).