United States Seventh Circuit

The Tax Court did not commit clear error by characterizing petitioner's participation interest in a bank loan made to petitioner's Subchapter S corporation as a guaranty.

Appellate Information

• Argued 12/01/2000
• Decided 04/13/2001
• Published 04/13/2001

Judges

• POSNER, Circuit Judge., Before POSNER, DIANE P. WOOD, and WILLIAMS, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Edward R. Hannon (argued), Pedersen & Houpt, Chicago, IL, for Petitioners-Appellants.


• For Appellees:
  
• Donald J. Tobin (argued), Teresa McLaughlin, Dept. of Justice, Tax Div., Appellate Section, Washington, DC, for Respondent-Appellee.