1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 69 T.C.M.
  5. 69 T.C.M. 1982 (1995)
 

WACHNER v. COMMISSIONER

Docket No. 6291-93.

69 T.C.M. 1982 (1995)

T.C. Memo. 1995-88

Linda J. Wachner v. Commissioner.

United States Tax Court.

Filed March 2, 1995.

Attorney(s) appearing for the Case

Robert A. Jacobs, 1 Chase Manhattan Plaza, New York, N.Y., for the petitioner. Stephen C. Best, John Aletta, and Powell W. Holly, Jr., for the respondent.

Memorandum Findings of Fact and Opinion

WELLS, Judge:

Respondent determined a deficiency in petitioner's 1986 Federal income tax in the amount of $820,730. The issue to be decided1 arises out of a settlement of a lawsuit concerning a failed leveraged buyout of a subsidiary of Revlon, Inc. (Revlon). We must decide whether the portion of the settlement proceeds received by petitioner during 1986 is taxable as ordinary income or...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases