United States Eighth Circuit
TOBERMAN v. COMM'R OF INTERNAL REVENUE, 01-1398
A taxpayer met the insolvency exception to discharge of indebtedness income, and thus was insolvent at the time of discharge of his debt to his Subchapter S corporation; disallowance of claimed net-operating-loss carryforwards, and assessment of an accuracy-related penalty, were appropriate.
Appellate Information
- Decided 06/20/2002
- Published 06/20/2002
Judges
- RICHARD S. ARNOLD, Circuit Judge., BEFORE: BOWMAN, RICHARD S. ARNOLD, and HANSEN, Circuit Judges.
Court
- United States Eighth Circuit
Counsel
- For Appellant:
- Daniel W. Schermer, argued, Minneapolis, MN, for appellant.
- For Appellees:
- Kenneth W. Rosenberg, argued, DOJ, Washington, DC, for appellee.