Legal Opinion
James Karr and Nancy L. Karr v. Commissioner of Internal Revenue
Court of Appeals for the Eleventh Circuit
Decided February 27, 1991No. 90-8000PublishedCited by 77 opinions
1Opinion of the Court
HATCHETT, Circuit Judge:
In this tax case, we affirm the Tax Court holding that the transactions in question constituted sham transactions, subjecting the taxpayers to deficiencies, additions to taxes, and interest.
FACTS
Richard Basile was a promoter of energy-related limited partnerships. In 1981, he discussed a possible K-Fuel project with a Swiss investor, with whom Basile had an ongoing relationship. K-Fuel is a dry, stable, high heating value solid fuel, physically resembling coal, which is produced by placing wood, peat, lignite and other low-grade biomass or fossil fuel into a Koppel-man…
2Cases cited10 opinions
- Knetsch v. United StatesSupreme Court of the United States · 1960
- E.A. Brannen and Frances K. Brannen v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 1984
- Rice's Toyota World, Inc. (Formerly Rice Auto Sales, Inc.) v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1985
- Beck v. CommissionerUnited States Tax Court · 1985
- Rose v. CommissionerUnited States Tax Court · 1987
5 more not listed; retrieve them via the Exa API.
3Cited by77 opinions
- Duffie v. United StatesCourt of Appeals for the Fifth Circuit · 2010
- Acm Partnership, Southampton-Hamilton Company, Tax Matters Partner, in No. 97-7484 v. Commissioner of Internal Revenue Acm Partnership, Southampton-Hamilton Company, Tax Matters Partner v. Commissioner of Internal Revenue, in No. 97-7527Court of Appeals for the Third Circuit · 1998
- Krause v. CommissionerUnited States Tax Court · 1992
- Donald Feldman and Patricia Feldman, A/K/A Patsy Jane Feldman v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 1994
- Swanson v. CommissionerUnited States Tax Court · 1996
72 more not listed; retrieve them via the Exa API.