Legal Opinion
John McMahan v. Deutsche Bank AG
Court of Appeals for the Seventh Circuit
Decided June 13, 2018No. 17-2988PublishedCited by 54 opinions
1Opinion of the Court
Manion, Circuit Judge.
In 2001, John McMahan and his wholly owned corporation, Northwestern Nasal and Sinus Associates, S.C., 1 participated in a tax shelter known as "Son of BOSS." The shelter "is a variation of a slightly older alleged tax shelter known as BOSS, an acronym for 'bond and options sales strategy.' " Kligfeld Holdings v. Comm'r , 128 T.C. 192 , 194 (2007). It "was aggressively marketed by law and accounting firms in the late 1990s and early 2000s" and involves engaging in a series of transactions to create an "artificial loss [that] may offset actual-and otherwise taxable-gains,…
2Cases cited25 opinions
- Gasperini v. Center for Humanities, Inc.Supreme Court of the United States · 1996
- Walker v. Armco Steel Corp.Supreme Court of the United States · 1980
- Anthony Johnson v. Richard Kamminga, G. Brown, Lieutenant Dave ConoverCourt of Appeals for the Seventh Circuit · 1994
- Michael B. Smith v. Douglas Lamz and the Village of Algonquin, a Municipal CorporationCourt of Appeals for the Seventh Circuit · 2003
- William Morris Jeanne Morris v. Morgan Stanley & Co. Randal LongfieldCourt of Appeals for the Ninth Circuit · 1991
20 more not listed; retrieve them via the Exa API.
3Cited by54 opinions
- Aishef Shaffer v. Jacqueline LashbrookCourt of Appeals for the Seventh Circuit · 2020
- Lawrence Krivak v. Home Depot U.S.A., Inc.Court of Appeals for the Seventh Circuit · 2021
- Next Millennium Telecom Co. v. American Signal CorporationCourt of Appeals for the Seventh Circuit · 2024
- Aishef Shaffer v. Jacqueline LashbrookCourt of Appeals for the Seventh Circuit · 2020
- Alice Jeffries v. Carlotta AdamsCourt of Appeals for the Seventh Circuit · 2021
49 more not listed; retrieve them via the Exa API.