United States v. Woods

United States v. Woods
Supreme Court of the United States
Argued October 9, 2013 Decided December 3, 2013
Full case name	United States, Petitioners v. Woods
Docket nos.	12-562
Prior history	Petitioners request granted, US Dis. Ct.; District Court affirmed by 5th Ckt. Ct.
Argument	Oral argument
Holding
The district court had jurisdiction to determine whether the partnerships’ lack of economic substance could justify imposing a valuation-misstatement penalty on the partners.
Court membership
Chief Justice John G. Roberts Associate Justices Antonin Scalia · Anthony Kennedy Clarence Thomas · Ruth Bader Ginsburg Stephen Breyer · Samuel Alito Sonia Sotomayor · Elena Kagan
Case opinions
Majority	Scalia, joined by unanimous
Laws applied
Tax Equity and Fiscal Responsibility Act of 1982

United States v. Woods No. 12-562, 571 U.S. 310 (2014) is a United States Supreme Court case. The court addressed whether district courts have jurisdiction regarding provisions of the Internal Revenue Service Code and its implementation.^[1] The court held unanimously that a district court has jurisdiction in the application of the Internal Revenues Service Code to a partnership-level proceeding when it is applied to that partnership. The court additionally found that a transaction determined to lack economic substance can still trigger the penalty for overstatement because the overstatement and the action that led to it are inherently tied together.^[2]

References

1. "United States v. Woods - LII Supreme Court Bulletin - LII / Legal Information Institute". Retrieved 2014-08-02.
2. "United States v. Wood :: 39 U.S. 430 (1840) :: Justia US Supreme Court Center". Retrieved 2014-08-02.

External links

• Slip Opinion from Supreme Court