Noncompete Transfers Professional Goodwill to Practice for Tax Purposes

Business Valuation UpdateVol. 17 No. 11
Legal and Court Case Update
November 2011

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8021 Offices and Clinics of Dentists
federal taxation
Howard v. United States (II)
2011 WL 3796723 (C.A.9 (Wash.))
August 29, 2011
US
Federal Court
9th Circuit
Court of Appeals
none
Clifton, Smith, and Korman

Summary

9th circuit upholds finding that a noncompetition agreement effectively conveyed a dentist’s personal goodwill to his C corporation, such that it became the corporation’s asset for income tax purposes.

See Also

Howard v. United States (II)

Full Text of Court Cases
August 29, 2011

Ninth circuit upholds finding that a non-competition agreement effectively conveyed a dentist’s personal goodwill to his C corporation, such that it became the corporation’s asset for income tax purposes.