tates, 536 F2d 746 (8th Cir. 1976), 435 US 561 (1978). 6Rev. Rul. 76.533, 1976-2 C.B. 189; see also Palmer v. Bender, 287 U.S. 551 (1933); Lynch v. Aiworib-Stephens, 267 U.S. 364 (1925). 7 Priv. Ltr. Rul. 88-12-055 (December 24, 1987). rtwkrsCoeLLP -3- 139063133.3 EFTA00811132 The foregoing principles cont