TaxTrends

Recent Cases
and Rulings

David O’Driscoll, J.D., LL.M.

IN THIS DEPARTMENT

Depreciation

Taxpayers have until Dec. 31, 2003 to elect out of mid-quarter convention for 2001: Notice 2003-45

Gains and Losses

Bankruptcy professional fees are not SLLs for carryback purposes: Major Paint Co., Fed. Cir.
 

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.