Howard v. United States (I)

BVLaw
Full Text of Court Cases
July 30, 2010
8021 Offices and Clinics of Dentists
621210 Offices of Dentists
federal taxation

Howard v. United States (I)
2010 WL 3061626 (E.D.Wash.)
US
Federal Court
N/A
United States District Court
none
Peterson

Summary

Federal district court finds that when a dentist incorporates his practice, including a covenant not to compete, the subsequent sale generates professional goodwill that is a corporate asset and its value is dividend income to the dentist.
Howard v. United States (I)
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See Also

Noncompete Is a Corporate Asset, for Income Tax Purposes

Federal district court finds that, when a dentist incorporates his practice, including a covenant not to compete, the subsequent sale generates professional goodwill that is a corporate asset and its value is dividend income to the dentist.