(Download) "Schwartz v. Wisconsin Department of Revenue" by Wisconsin Court of Appeals * Book PDF Kindle ePub Free
eBook details
- Title: Schwartz v. Wisconsin Department of Revenue
- Author : Wisconsin Court of Appeals
- Release Date : January 11, 2002
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 73 KB
Description
1. Randall Schwartz appeals from a circuit court order affirming a decision and order of the Wisconsin Tax Appeals Commission (the Commission). The Commission determined that $112,278 of a $175,000 payment Schwartz received for the sale of his interest in Global Fastener & Supply, Inc. (Global), was taxable income paid in exchange for a covenant not to compete. The Commission further determined that the remainder of the payment was nontaxable income paid in exchange for a release of Schwartzs personal injury claims. On appeal, Schwartz contends that: (1) the Commission erred in failing to follow, or give sufficient weight to, the Internal Revenue Services (IRS) acceptance of Schwartzs allocation of the $175,000 payment; (2) the Commission otherwise erred in allocating the taxable and nontaxable portions of the payment; and (3) the Commission improperly denied his request for a rehearing. We reject Schwartzs arguments. We affirm the circuit court order upholding the Commissions decision and order.
 "Schwartz v. Wisconsin Department of Revenue" by Wisconsin Court of Appeals * Book PDF Kindle ePub Free){kind=link}