Recovery Group, Inc., et al. v. Comr., T.C. Memo. 2010-76

(plaintiff, S corporation shareholders, must amortize cost of covenant not to compete over 15 years because it is an I.R.C. Sec. 197 intangible; no accuracy-related penalty imposed).

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