Legal Opinion
Jason B. Sage v. Commissioner
United States Tax Court
Decided June 2, 2020No. 3372-16Published
1Opinion of the Court
154 T.C. No. 12
UNITED STATES TAX COURT JASON B. SAGE, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 3372-16. Filed June 2, 2020. P, a real estate developer, owned through subchapter S corporation IDG three parcels of Oregon real estate encumbered by liabilities in excess of their fair market values. In response to the 2008 economic recession, IDG engaged in a series of transactions in December 2009 designed to transfer the parcels to three separate liquidating trusts for the benefit of the mortgage holders. Between 2010 and 2012 the liquidating trusts disposed of the…
2Cases cited33 opinions
- Daubert v. Merrell Dow Pharmaceuticals, Inc.Supreme Court of the United States · 1993
- Welch v. HelveringSupreme Court of the United States · 1933
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Boehm v. CommissionerSupreme Court of the United States · 1945
- Wickwire v. ReineckeSupreme Court of the United States · 1927
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