Then Dorcas went on, in her simple and earnest way, to furnish illustrations.
I changed the subject, and made her resume her illustrations. She had scored against me fairly, and I wasn't going to cheapen her victory by disputing it.
Illustration 14 adds a slight twist to Illustration 13; the law firm that prepared the opinion has a reputation for being knowledgeable about tax issues associated with the proposed transaction.
Illustration 15 involves a situation similar to Illustrations 13 and 14, except that the law firm's opinion "is carefully tailored to the taxpayer's facts." Thus, a member may rely on the opinion in determining whether the realistic possibility standard is met as to the taxpayer's participation in the transaction, as long as he or she is satisfied with the opinion's relevance, source and persuasiveness.
Illustration 16 reiterates the conclusion of Illustration 15, even though the law firm has a reputation of being knowledgeable about the tax issues related to the proposed transaction.