Thompson, C v. Commissioner (II)

Full Text of Court Cases
June 24, 1997
5122 Drugs, Drug Proprietaries, and Druggists' Sundries
446120 Cosmetics, Beauty Supplies, and Perfume Stores
federal taxation
s corporation

Thompson, C v. Commissioner (II)
1997 Tax Ct. Memo LEXIS 341
Federal Court
United States Tax Court
Paul H. Meade (for respondent) Mark L. Mitchell (for petitioner)


Case name: Thompson v. Commissioner Citation: 1997 Tax Ct. Memo LEXIS 341 At issue is whether State Supply may amortize $ 2.5 million, or some lesser amount, for covenants not to compete.
Thompson, C v. Commissioner (II)
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See Also

Tax Court Details Noncompete Covenant

The issue in this case is whether State Supply, a distributor of beauty supply products organized as an S corporation, may amortize $2.5 million for noncompete covenants.