United States Eighth Circuit
Russell v. Comm'r of Internal Rev., 09-2306
In taxpayers' appeal from the tax court’s decision that several loans did not constitute "indebtedness of the S corporation to the shareholder" such that taxpayers could claim losses incurred by the Missouri River Royalty Corporation (MMRC), the order is affirmed where the court's review of the record revealed no error in the tax court's rulings.
Appellate Information
- Decided 08/27/2010
- Published 08/27/2010
Judges
- Array
Court
- United States Eighth Circuit