Federal Income Taxation

Survey of all the cases decided by the Fifth Circuit during the survey period involving federal taxation issues. Topics include the abandonment of property as a sale or exchange, limits on the lessor’s depreciation deduction, the utilization of the Corn Products doctrine by a holding company, liability of a private foundation for excise taxes, loan or contribution to capital, the order of limitations on tax deductions for percentage depletion and dividends received deduction, tax procedure, tax protestors, and the sale of a tax shelter.