What is the difference between these court cases that I find online while I’m looking for tax answers where they call the trust a sham trust & use words like No Economic Substance & those kind of words? How can we differentiate what we do & how we operate our trusts from the ones that are in civil/criminal cases?

DWQA Questions › Category: General Questions › What is the difference between these court cases that I find online while I’m looking for tax answers where they call the trust a sham trust & use words like No Economic Substance & those kind of words? How can we differentiate what we do & how we operate our trusts from the ones that are in civil/criminal cases?

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Daryl-Lynn: Peach asked 9 years ago

what is the difference between these court cases that I find online while I'm looking for tax answers where they call the trust a sham trust & use words like No Economic Substance & those kind of words? How can we differentiate what we do & how we operate our trusts from the ones that are in civil/criminal cases? Links referenced:http://www.pgdc.com/pgdc/tax-court-affirmed-trusts-were-shamshttp://www.justice.gov/tax/StephensonComplaint.pdf