The economic substance doctrine /

"... analyzes the "economic substance doctrine" as codified in [section] 7701(o) of the Internal Revenue Code. Section 7701(o) defines the "economic substance doctrine" as the "common law" developed by the courts to disallow tax benefits for tax-motivated transacti...

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Bibliographic Details
Main Author: Chip, William W.
Corporate Author: Tax Management Inc
Other Authors: Keinan, Yoram
Format: Electronic Continuing Resource
Language:English
Published: Arlington, VA : Tax Management, [2006]-
Series:Tax management portfolios ; 508-2nd
Subjects:
Online Access:https://www.bloomberglaw.com/product/tax/citation/tm%20508
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001 ocm83248580
003 OCoLC
005 20161014021220.0
006 m o d
008 070213c20069999vau x w o b 0 2eng d
040 |a BNA  |e rda  |c BNA  |d BNA  |d OCLCA  |d BNA  |d OCLCQ  |d OCLCA  |d OCLCF  |d OCLCO  |d BNA  |d OCLCO  |d BNA 
043 |a n-us--- 
049 |a BNAM 
100 1 |a Chip, William W., 
245 1 4 |a The economic substance doctrine /  |c William W. Chip, Esq. (Covington & Burling LLP, Washington, D.C.) ; based on an earlier version by Yoram Keinan, Esq. (Carter Ledyard & Milburn LLP, New York, NY) 
260 |a Arlington, VA :  |b Tax Management,  |c [2006]- 
300 |a 1 online resource 
310 |a Updated irregularly 
490 1 |a U.S. income portfolios ;  |v 508-2nd 
500 |a Author: Yoram Keinan, <Sept. 27, 2007>-2015 
500 |a Published: Washington, D.C., 2006-2007 
504 |a Includes bibliographical references 
505 0 |a Detailed analysis. Introduction and scope of portfolio -- Landmark pre-codification decisions -- Other judicial anti-abuse doctrines -- The pre-codification circuit splits -- The pre-codification profit requirement -- Economic substance and entity recognition -- Integration or bifurcation of a series of transactions -- Pre-codification economic substance cases by topic -- Working papers 
520 |a "... analyzes the "economic substance doctrine" as codified in [section] 7701(o) of the Internal Revenue Code. Section 7701(o) defines the "economic substance doctrine" as the "common law" developed by the courts to disallow tax benefits for tax-motivated transactions that had no "business purpose" or no "economic substance." The "business purpose" test looks to the taxpayer's motives for entering into the transaction, while the "economic substance" test looks to the reality of the transaction. Prior to codification, the presence of either "business purpose" or "economic substance" was sufficient in some circuits to sustain a transaction's tax benefits (the "disjunctive" test); in other circuits both needed to be present (the "conjunctive test") 
530 |a Also issued in print 
538 |a Mode of access: World Wide Web 
588 |a Description based on contents viewed on Oct. 1, 2015; title from description page 
650 0 |a Taxation  |z United States 
650 0 |a Tax shelters  |z United States 
700 1 |a Keinan, Yoram, 
710 2 |a Tax Management Inc. 
776 0 8 |i Print version:  |a Chip, William W.  |t Economic substance doctrine.  |d Arlington, VA : Tax Management Inc., ©2015-  |z 9781633590786  |w (OCoLC)921278557 
830 0 |a Tax management portfolios ;  |v 508-2nd 
856 4 0 |u https://www.bloomberglaw.com/product/tax/citation/tm%20508 
907 |a .b2381461 
998 |a inter 
999 |c 111766 
852 |a Law Library  |b Online