Andrews Securities Litigation and Regulation Reporter
April 11, 2001
Copyright (c) 2001 Andrews Publications
DERIVATIVES MARKET TRADER ENGAGED IN TAX AVOIDANCE, 10TH CIR. RULES
Keeler v. Commissioner of Internal Revenue
A taxpayer who traded in an artificially created derivatives market for the sole purpose of generating tax losses must pay more than $200,000 in additional taxes and interest, a federal appellate court has ruled, upholding the U.S. Tax Court's...