DISCLAIMER:  The following unofficial case summaries are prepared by the clerk's office
                        as a courtesy to the reader. They are not part of the opinion of the court.

001221P.pdf   06/14/2001  Alliant Energy Corp.  v.  USA
   U.S. Court of Appeals Case No:  00-1221
                          and No:  00-1535
   Northern District of Iowa   
   Civil case - federal tax. District court erred in finding 
   American Depository Receipts transactions were shams
   for tax purposes; the trades had both economic substance 
   and business purpose and were valid for tax purposes, and 
   taxpayer is entitled to a tax refund; district court correctly 
   determined taxpayer was entitled to deduct fifteen years'
   worth of environmental cleanup assessments in the tax year
   in which the amount of the liability was determined.