TaxTrends

Recent Cases
and Rulings

David O’Driscoll, J.D., LL.M.

IN THIS DEPARTMENT

Gross Income

Insurance agency termination payments were ordinary income: Baker, 7th Cir.

Individuals

Owners of multiple residences lose principal residence exclusion: Guinan, DC AZ
 

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.