Stephen A. Mahoney, Iii, and Mary Ann Mahoney 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.

• inquiry is whether transaction has any practical economic effects beyond the creation of tax benefits
• in commodities-trading-based tax shelter, grant of complete discretion over transaction in one party is curious in face of alleged risk involved and lack of experience of taxpayers

Source: CourtListener parenthetical corpus (CC0).