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The Case of the Missing Cattle-Overvaluation Penalty

EPISODE · Feb 28, 2009 · 22 MIN

The Case of the Missing Cattle-Overvaluation Penalty

from Ed Zollars' Tax Update Podcast

Can nonexistent cattle be overvalued?  The Ninth Circuit, disagreeing with the Tax Court and other circuits, says it cannot be in the case of Keller v. Commissioner, 2009 TNT 37-17 reversing on this issue the Tax Court's decision in TC Memo 2006-131.The materials for this podcast can be downloaded at http://www.edzollars.com/2009-03-02_Cattle.pdf .The podcast is sponsored by Leimberg Services at http://www.leimbergservices.com .

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The Case of the Missing Cattle-Overvaluation Penalty

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