United States Sixth Circuit
MAS ONE LTD. P'SHIP v. US, 03-4188
A loan payment, made to obtain a release from a Debt Service Guaranty Agreement, constitutes gross income and is a taxable capital contribution.
Appellate Information
- Decided 11/19/2004
- Published 11/19/2004
Judges
- Before: KENNEDY and GILMAN, Circuit Judges; HOOD, District Judge.
Court
- United States Sixth Circuit
Counsel
- For Appellees:
- ARGUED: Terrence A. Grady, Terrence A. Grady & Associates Co., Columbus, Ohio, for Appellant. Teresa E. McLaughlin, Department of Justice, Washington, D.C., for Appellee. ON BRIEF: Terrence A. Grady, Terrence A. Grady & Associates Co., Columbus, Ohio, for Appellant. Teresa E. McLaughlin, Joel L. McElvain, Department of Justice, Washington, D.C., for Appellee.