2010-05-23
Continuing our series on Famous Tax Quotes, in discussing a partnership that had no business purpose, the Second Circuit stated:
[I]t could be called a “sham,” a “disguise,” a “masquerade,” a “fiction,” a “subterfuge,” a “make-believe,” a “mere pretense,” a “mask,” a “screen,” a “veil,” an “artifice,” a “ruse,” or other names . . .
Kocin v. U.S., 187 F.2d 707 (2nd Cir. 1951)
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