Legal Opinion
Superior Trading, LLC v. Commissioner
Court of Appeals for the Seventh Circuit
Decided August 26, 2013No. 12-3367, 12-3370, 12-3368, 12-3371, 12-3369PublishedCited by 41 opinions
1Opinion of the Court
• POSNER, Circuit Judge.
These appeals are by multiple LLCs (limited-liability companies) involved in the creation and administration of a tax shelter. For the sake of simplicity we’ll treat the appeals as one appeal, by Warwick Trading, LLC. The other appellants are subsidiaries of Warwick used to attract investors in it and needn’t be discussed separately. The appeal challenges a decision by the Tax Court upholding the disal-lowance by the Internal Revenue Service of losses claimed by Warwick (ultimately for the benefit of the investors in the tax shelter) and also upholding a 40 percent…
2Cases cited18 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- United States v. BoyleSupreme Court of the United States · 1985
- Commissioner v. CulbertsonSupreme Court of the United States · 1949
- Commissioner v. TowerSupreme Court of the United States · 1946
- Moline Properties, Inc. v. CommissionerSupreme Court of the United States · 1943
13 more not listed; retrieve them via the Exa API.
3Cited by41 opinions
- CNT Investors, LLC v. Comm'rUnited States Tax Court · 2015
- Rogers v. CommissionerCourt of Appeals for the Seventh Circuit · 2013
- Blum v. CommissionerCourt of Appeals for the Tenth Circuit · 2013
- John E. Rogers & Frances L. Rogers v. CommissionerUnited States Tax Court · 2018
- Sugarloaf Fund, LLC v. Comm'rCourt of Appeals for the Seventh Circuit · 2018
36 more not listed; retrieve them via the Exa API.