Salesman’s Termination Payment Held Not For Goodwill Reviewed by Momizat on . The Tax Court also denies capital gain treatment but allows business deductions for a taxpayer's subsequent shooting activity. Recently, the Tax Court ruled tha The Tax Court also denies capital gain treatment but allows business deductions for a taxpayer's subsequent shooting activity. Recently, the Tax Court ruled tha Rating: 0
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Salesman’s Termination Payment Held Not For Goodwill

The Tax Court also denies capital gain treatment but allows business deductions for a taxpayer’s subsequent shooting activity. Recently, the Tax Court ruled that an individual who received income as a nominee of a C corporation was not subject to the hobby loss rules of Sec. 183.

To read the full article in the Journal of Accountancy, click: Salesman’s Termination Payment Held Not For Goodwill.

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