United States Third Circuit
Lattera v. Comm'r of Internal Revenue, 04-4721
Lump-sum consideration paid for the right to future lottery payments is ordinary income and not a capital gain for tax purposes.
Appellate Information
- Argued 01/09/2006
- Decided 02/14/2006
- Published 02/14/2006
Judges
- AMBRO, Circuit Judge., Before BARRY and AMBRO, Circuit Judges, and DEBEVOISE, District Judge.
Court
- United States Third Circuit
Counsel
- For Appellant:
- Mark E. Cedrone, (Argued), Cedrone & Janove, Philadelphia, PA, for Appellants.
- For Appellees:
- Eileen J. O'Connor, Assistant Attorney General, Regina S. Moriarty, (Argued), Richard Farber, United States Department of Justice, Tax Division, Washington, DC, for Appellee.