United States Third Circuit
NEONATOLOGY ASSOC., P.A. v. COMM'R OF INTERNAL REVENUE, 01-2862
Contributions made by professional medical corporations into Voluntary Employees Beneficiary Program Plans, well in excess of the cost of term life insurance, were not ordinary and necessary business expenses, but constituted constructive dividends chargeable to individual taxpayers.
Appellate Information
- Decided 07/29/2002
- Published 07/29/2002
Judges
- GREENBERG, Circuit Judge., Before: SCIRICA and GREENBERG, Circuit Judges, and FULLAM, District Judge .
Court
- United States Third Circuit
Counsel
- For Appellant:
- Neil L. Prupis,Lampf, Lipkind, Prupis, Petigrow & LaBue, West Orange, NJ, Kevin L. Smith (argued), Hines Smith, Costa Mesa, CA, David R. Levin, Wiley Rein & Fielding, Washington, D.C., for Appellants., Steven J. Fram, Archer & Greiner, Haddonfield, NJ, for Amici Curiae Vijay Sankhla, M.D., Yale Shulman, M.D., Boris Pearlman, M.D., Marvin Cetel, M.D. and Barbara Schneider, M.D.
- For Appellees:
- Eileen J. O'Connor, Assistant Attorney General, Kenneth L. Greene, Robert W. Metzler (argued), Attorneys Tax Division, Department of Justice, Washington, D.C., for Appellee.