United States Seventh Circuit
BAKER v. COMM'R OF INTERNAL REVENUE, 02-3262
An insurance agent's termination payments constituted ordinary income, rather than consideration for sale of a capital asset, thus a deficiency determination is affirmed.
Appellate Information
- Argued 05/12/2003
- Decided 08/04/2003
- Published 08/04/2003
Judges
- BAUER, Circuit Judge., Before BAUER, KANNE, and WILLIAMS, Circuit Judges.
Court
- United States Seventh Circuit
Counsel
- For Appellant:
- Thomas J. O'Rourke (argued), Miles & Stockbridge, Rockville, MD, petitioners-appellants.
- For Appellees:
- Francesca M. Ugolini (argued), Department of Justice, Tax Division, Appellate Section, Washington, DC, for respondent-appellee.