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Home > Personal Income Tax Planning > A Capital Idea-But Not In the Eyes of the Court - Ed Zollars
Podcast: Personal Income Tax Planning
Episode:

A Capital Idea-But Not In the Eyes of the Court - Ed Zollars
Category: Business
Duration: 00:00:00
Publish Date: 2008-01-26 22:00:59
Description: This PodCast is about the distinction between a capital and non-capital assets. The issue of what is a capital asset is looked at in the Ninth Circuit's decision in Trantina v. United States, 2008 TNT 7-8. In this case, an insurance agent was arguing that payments received from State Farm should have been taxed to him at capital gain rather than ordinary income rates. Unfortunately, the United States District Court disagreed with the taxpayer, and the Ninth Circuit did so as well.

The materials are at available for download at http://www.edzollars.com/2008-01-28_Trantina.pdf

This Podcast is sponsored by Leimberg Information Services, Inc. at http://www.leimbergservices.com

Please visit our software, books, and PowerPoint Presentations site at http://www.leimberg.com

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