Ex-Merrill Adviser's $3M Award Ordinary Income, 3rd Circ. Told

By Amy Lee Rosen · March 16, 2020, 7:08 PM EDT

A loan forgiveness award of $3.2 million won by a former Merrill financial adviser against his former employer in arbitration should be taxed as ordinary income and not at the lower...

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Case Information

Case Title

Robert Connell v. Commissioner of Internal Reven

Case Number

19-2668

Court

Appellate - 3rd Circuit

Nature of Suit

tax court 

Date Filed

July 23, 2019