Emhart Corp. v. Commissioner, 75 T.C.M. 2231 (1998)
Jan 01, 1998OUTCOME: Taxpayer victory
Won taxpayer's claim to a worthless stock deduction for losses attributed to the disposition of a foreign subsidiary.
West Conshohocken, PA
Tax Lawyer at West Conshohocken, PA
Practice Areas: Tax, Litigation
OUTCOME: Taxpayer victory
Won taxpayer's claim to a worthless stock deduction for losses attributed to the disposition of a foreign subsidiary.
OUTCOME: Settled
Obtained favorable settlement before trial for taxpayer seeking to amortize a $100 million greenmail payment over the term of the standstill agreement provided by a hostile shareholder in exchange for ... the greenmail payment.
OUTCOME: Taxpayer victory
Obtained full IRS concession in Tax Court case involving the question of whether taxpayer could accrue and deduct costs for cooperative advertising with its retailers before claims were submitted and p ... ayments were made.