Author : David K. Burton (Lawyer, Esq)
Publisher :
ISBN 13 : 9781633594470
Total Pages : 0 pages
Book Rating : 4.75/5 ( download)
Book Synopsis Equipment Leasing--substance and Form by : David K. Burton (Lawyer, Esq)
Download or read book Equipment Leasing--substance and Form written by David K. Burton (Lawyer, Esq) and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: " ... examines key equipment leasing issues and offers advice for both novice and tenured practitioners based on the authors’ decades of real-world experience. To the uninitiated, equipment leasing sounds like a mundane topic involving an industry that transacts business using preprinted forms. However, it has been the source of some of the most important case law with a reach that goes well beyond equipment leasing. Equipment leasing transactions invoke many fundamental tax law concepts: ownership, substance versus form, economic substance, application of tax accounting concepts, and principles of administrative law. In fact, equipment leasing has been, in many respects, the catalyst for such concepts. More than being the means to procure rented cars and photocopiers, equipment leasing involves planning to ensure the tax incentives that Congress provides for investment in equipment are available to the party best positioned to monetize them. However, given the complexity of the Internal Revenue Code and the underlying regulations, ensuring such a monetization is successful requires a nuanced understanding of authorities that span from private letter rulings to Supreme Court cases."--Portfolio description (p. iii)