The substance over form doctrine allows the IRS to look through the legal formalities of a transaction to determine its true economic nature.

Name: The substance over form doctrine allows the IRS to look through the legal formalities of a transaction to determine its true economic nature.
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The substance over form doctrine permits the IRS to assess the actual economic substance of a transaction rather than just its legal form, ensuring that tax liabilities reflect the true nature of the transaction.

The Substance Over Form Doctrine Allows the IRS to Look