Bird, Robert C.; Tucker, Alan L. - 2005
This article examines one of the leading tax shelter cases to wind its way through the federal court system: Salina Partnership, LP v. Commissioner (Salina). 80 T.C.M. (CCH) 686 (2000). In Salina, Florida Power & Light Co. (FPL), through an ingenious series of transactions, "refreshed" an...