gxpantab.ppt - Anti-Abuse Regulations Copyright 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 James Edward Maule Applicable to all slides

gxpantab.ppt - Anti-Abuse Regulations Copyright 1998 1999...

This preview shows page 1 - 3 out of 3 pages.

Anti-Abuse Regulations © Copyright 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009 James Edward Maule Applicable to all slides in set Unauthorized copying, distribution, or use of these slides is a violation of the Academic Rules of the Villanova Graduate Tax Program.
Image of page 1
Issued under sec. 701 Designed to provide IRS a basis for attacking abusive use of partnerships. Incorporate "common law concepts" such as step transaction, business purposes, etc., Not exclusive Do not pre-empt those doctrines. Apply only to the income tax, not estate and gift tax. Not intended to apply to bona fide business arrangements. Controversy over IRS power to issue these regs.
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 3 pages?

  • Spring '14
  • JamesE.Maule
  • Taxation in the United States, 1920, 1922, 1916, 1918, 1925

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture