Carney v. Internal Revenue Service

U.S. Court of Appeals, Fifth Circuit · Decided 2001-07-16

Cited by 174 later decision(s) in our corpus · see the citation network in Lexace

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From the opinion

BENAVIDES, Circuit Judge: John H. Carney appeals from an adverse summary judgment in his challenge to the validity of tax deficiency claims made against him by the Internal Revenue Service (IRS). The deficiencies stem from the IRS’s determination that certain partnership investments by Carney lacked economic substance, and hence could not support tax credits and depreciation deductions that Carney claimed. We AFFIRM the gran…

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