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The Tax Court disallowed the deal as having no purpose other than avoiding taxes, and an appeals court upheld that decision this month.
The ruling greatly narrows the sort of deals that the Internal Revenue Service can disallow as having no purpose besides tax avoidance.
I was really afraid of the world, afraid of being alone, afraid of having no purpose or meaning.
Having no loved ones, having poor health, having no friends to offer support during tough times, having no spiritual connection, having no purpose in life.
Similar(56)
She had no purpose in life".
"History has no purpose!" Herzen says.
This has no purpose," he said.
For history makes no mistakes, since it has no purpose.
We may have no purpose at all except to continue.
The mirror behind the bed has no purpose at all.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com