Payne v. Comr., 357 Fed. Appx. 734 (8th Cir. 2009)

(affirmance of Tax Court decision; discharge of credit card debt constituted discharge of indebtedness income and not a purchase price adjustment; I.R.C. Sec. 108(e)(5) applies only to direct agreements between purchaser and seller).

CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.

RSS​ Facebook Twitter