United States Ninth Circuit

In a tax refund action, the district court's judgment, finding that taxpayer had failed to establish a reliable cost basis in certain rights for which it sought tax deductions and losses in connection with taxpayer's acquisition of certain failed savings and loan associations during the 1970s and 1980s, is affirmed where the district court permissibly concluded that taxpayer did not meet its burden of establishing a cost basis for its intangible assets.

Appellate Information

• Published 2017/05/12

Judges

• ENGLAND

Court

• United States Ninth Circuit

Counsel