The Internal Revenue Service won its first court case against the questionable tax shelters known as "Son of Boss" on a procedural point.

The boss in Son of Boss is short for a bond and options sales strategy, which the IRS formally disallowed in 2000, saying that the tax treatment created artificial losses to offset legitimate gains. Last week's decision from a U.S. Tax Court judge is the first time a court has ruled on the shelter.

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