§3124 — Estimate of revenue reduction
2 cases·2 cited
Statute Text — 26 U.S.C. §3124
The Secretary at intervals of not longer than 3 years shall estimate the reduction in the amount of taxes collected under this chapter by reason of the operation of section 3121(b)(9) and shall include such estimate in his annual report.
2 Citing Cases
Must all now be subject to the uncertainty of the Grodt & McKay test? I respectfully concur in the result in this case and even the imposition of penalties (because Calloway did not respect hi s own characterization of the transaction as a loan) . But unless future courts .treat,our analysis today as a limited-time ticket good on
Must all now be subject to the uncertainty of the Grodt & McKay test? I respectfully concur in the result in this case afed even the imposition of penalties (because Calloway did not respect his own characterization of the transaction as a loan). But unless future courts treat our analysis today as a limited-time ticket good only