Comment Comment by notacoward Here are some citations.https://www.irs.gov/pub/irs-drop/n-14-58.pdfhttps://www.irs.gov/Businesses/Guidance-for-Examiners-and-Ma...Just look up "sham transaction" for plenty more. It's a very well established concept and doctrine. Nobody should be splitting hairs about avoiding vs. evading taxes, or generally pontificating about fiduciary duty, without understanding it. parent notacoward 10 years ago
https://www.irs.gov/pub/irs-drop/n-14-58.pdf
https://www.irs.gov/Businesses/Guidance-for-Examiners-and-Ma...
Just look up "sham transaction" for plenty more. It's a very well established concept and doctrine. Nobody should be splitting hairs about avoiding vs. evading taxes, or generally pontificating about fiduciary duty, without understanding it.