HMN Financial, Inc. received confirmation from the Minnesota Supreme Court that economic substance doctrine could not be used to override statutory tax benefits flowing from captive REIT structure. Our firm represented the client in this case. HMN Financial, Inc. v. Commissioner of Revenue, 782 N.W.2d 558 (Minn. 2010)
May 2010
Banking Institution Confirms Tax Benefits From Captive REIT Structure
United States - Minnesota
