United States Eighth Circuit

Tax court's assessment of income tax deficiencies is affirmed where the tax court did not err in determining money taxpayer received from his employer constituted gross income rather than payments under an accountable plan, and a sale of tools to his employer was subject to capital gains tax on equipment.

Appellate Information

• Decided 01/27/2006
• Published 01/27/2006

Judges

• BYE, Circuit Judge., Before BYE, BOWMAN, and GRUENDER, Circuit Judges.

Court

• United States Eighth Circuit

Counsel

• For Appellant:
  
• Jay B. Kelly, argued, St. Paul, Minnesota, for appellant.


• For Appellees:
  
• John A. Nolet, argued, Washington, D.C. (Eileen J. O'Connor and Richard Farber, on the brief), for appellee.