State of Iowa v. Carson Michael Walker

How courts have described this case

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

• stating that “When a legal issue is unsettled, or is reasonably debatable” a negligence penalty is generally not appropriate
• first impression exception applies to issue not previously considered by the court where the statutory language is not entirely clear
• first impression exception applies to issue not previously considered by the court where the statutory language is not entirely clear
• first impression exception applies to issue not previously considered by the court where the statutory language is not entirely clear
• exchange of notes between a shareholder and an S corporation is insufficient to establish an economic outlay which increases the shareholder's adjusted basis
• “Indeed, we have specifically refused to impose * * * [a penalty] where it appeared that the issue was one not previously considered by the Court and the statutory language was not entirely clear.”

Source: CourtListener parenthetical corpus (CC0).