Happy Tuesday!  As of August 15, 2011, we now have a reported tax case arising from the infamous ClassicStar debacle.  Not surprisingly, the precedent involves "bad facts" and is not helpful for other taxpayers who took part in a ClassicStar deal or similar deal.  The following guest post on the opinion, entitled Van Wickler v. Commissioner, is

In a rare appellate opinion dealing with a Texas stock law, the Waco Court of Appeals recently found in favor of Bradley Evans, an “alleged” cow owner in the case of Evans v. Hendrix

The memorandum opinion was rendered by the Honorable Al Scoggins, a fomer district judge in my home town of Waxahachie, Texas.  According