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Goodwill

Radio station transfer did not include goodwill

Radio station transfer did not include goodwill

A recent case involving a failure to transfer goodwill is worth noting,  Deseret Management Corp, (Ct Fed Cl, 7/31/2013) 112 AFTR 2d ¶ 2013-5151.  In that case, and after providing a rather comprehensive analysis of the general applicability and calculation of goodwill, the Court of Federal Claims concluded that the transfer of a radio station […]

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Sole shareholder’s goodwill wasn’t corporate asset taken into account on sale of business

Sole shareholder’s goodwill wasn’t corporate asset taken into account on sale of business

The Tax Court has concluded, in H & M, Inc v. Commissioner, 212 T.C. Memo. 290 (2012), that where a corporation sold its insurance brokerage business to its competitor and its sole shareholder entered into employment with that buyer, the compensation under the employment agreement wasn’t a disguised purchase price payment to the selling corporation. […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney