TaxTrends

Recent Cases
and Rulings

David O’Driscoll, J.D., LL.M.

IN THIS DEPARTMENT

Corporations & Shareholders

Prearranged stock transfers nontaxable under Sec. 351: Rev. Rul. 2003-51

  

Credits Against Tax

Software enhancements lacked requisite innovation and experimentation for research credit: Eustace, 7th Cir.

  

Depreciation

15-year amortization for covenant not to compete in redemption acquisition: Frontier Chevrolet Co., 9th Cir.

   

Procedure & Administration

Refund claims involving a Saturday, Sunday or legal holiday: Rev. Rul. 2003-41
 

The reports of cases, rulings, etc., herein, except for the Reflections, are edited versions of the relevant court opinion, published ruling, etc.

^*This development, concerning related matters, is covered in the Reflections to the report of the principal item.