Title
911--CHANG 681-692
By
PageMaker 6.5
Description
NOTES 681 Tax Lawyer, Vol. 54, No. 3 NOTE REASONABLENESS, FIRST IMPRESSION, AND THE ACCURACY-RELATED PENALTY IN NEONATOLOGY ASSOCIATES V. COMMISSIONER In Neonatology Associates v. Commissioner,1 the Tax Court held, inter alia,2 that contributions to a voluntary employees’ beneficiary association (VEBA) were not deductible in excess of the cost of life insurance because they were disguised constructive distributions. The Tax Court also held that the taxpayers were liable for accuracy-related...

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