Journal Issue:
Agricultural Law Digest: Volume 20, Issue 11
Agricultural Law Digest: Volume 20, Issue 11
No Thumbnail Available
Volume
Number
Issue Date
Journal Title
Journal ISSN
Journal Volume
Journal Volume
Articles
Publication
Cases, Regulations, and Statutes
(
2009-06-05)
Publication
Related Persons: Always Check the Definition - A Lesson from Like-Kind Exchanges
(
2009-06-05)
When encountering the term “related party” or “related person” in a statute, it is always important to check the definition.1 For example, the definitions for the two provisions designed to combat abuse in the installment sales area – the so-called two-year disposition rule2 and the sale of depreciable property rule between related persons3 – have vastly different “related person” rules4 even though they are stabled in the same section of the Internal Revenue Code and deal with similar problems in the abuse area.