KORNFELD v. C.I.R.

No. 96-9016.

137 F.3d 1231 (1998)

Julian P. KORNFELD, Petitioner-Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

United States Court of Appeals, Tenth Circuit.

March 3, 1998.


Attorney(s) appearing for the Case

Tom M. Moore and Clarke L. Randall, Kornfeld Franklin Renegar & Randall, Oklahoma City, OK, for Petitioner-Appellant.

Richard Farber and Thomas J. Sawyer, Tax Division, Department of Justice, Washington, DC, for Respondent-Appellee.

Before SEYMOUR, Chief Judge, LOGAN and MURPHY, Circuit Judges.


LOGAN, Circuit Judge.

This appeal presents the question whether the Tax Court correctly relied on the substance over form doctrine in determining that Julian P. Kornfeld (taxpayer) was not entitled to a federal income tax deduction for amortization of a life interest in bonds that he purportedly jointly purchased with his daughters and secretary, who took remainder interests.

The legal right of a taxpayer to decrease the amount of what otherwise would be...

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