The ruling eliminated an existing division in the circuit courts and required taxpayers to include in gross income all litigation proceeds
, including any amount that went to the lawyers under a contingent fee arrangement.
Bassuk, "Wachovia and Fannie Mae were extremely responsive and provided the proceeds
requested by the Borrower on highly advantageous terms.
It was a breach of fiduciary duty, conflict of interest, unsafe and unsound practice, and violation of law, for Respondent to divert portions of customer loan proceeds
on 13 home equity loans without the customers' knowledge, consent, or approval; falsify internal loan documents in order to hide from the Bank the fact that he was charging customers broker fees that exceeded the Bank's broker fee cap; and give customers misleading HUD-1 Settlement Statements that masked the broker fees charged.
104(a), settlement proceeds
received on account of physical personal injury or sickness are excludible from income.
Nationwide and locally, restaurants have put their best spatula forward and scheduled events, either ongoing or single-day situations, with proceeds
going to charities involved in aiding those who lost loved ones in New York on Sept.
Criminals must obscure or hide the source of their wealth or alternatively disguise ownership or control to ensure that illicit proceeds
are not used to prosecute them.
Thus, the distributed "qualified business" (or the proceeds
thereof) must have been (or must be considered to have been) operated directly by the distributing corporation.
60 per share resulting in $75,600,000 in gross proceeds
or $72,198,000 in net proceeds
to the Company, after deducting underwriting commissions but before deducting offering expenses.
For any used vehicle with a claimed value of more than $500 donated after January 1, 2005, the provision limits a donor's deduction to the actual gross proceeds
from the car's sale by the charity.
These providers are not the traditional first mortgage providers, but are "mezzanine loan providers" who bridge the gap between what a traditional first mortgage provider is willing to lend and the proceeds
the owner needs in order to complete their financing.
C proposes to (1) accept receipt of the proceeds
of A's IRA as the surviving trustee of D; (2) allocate them to subtrust E; (3) withdraw the proceeds
from E; and (4) roll over the funds into his IRA, all within 60 days of the original receipt of the proceeds
from A's IRA.
Section 981 (a)( 1 )(B) authorizes the United States to seize and forfeit assets within its borders that represent the proceeds
of drug-related felonies committed abroad even where there has not been a violation of domestic law.
In addition, holders of fewer than 20% of the Company's shares issued in its initial public offering exercised their right to convert shares into a pro rata portion of the proceeds
of the Company's initial public offering placed in a trust account.
One, commonly known as the facilitation theory, involves a subject's use of property to facilitate a criminal act, and the other involves the proceeds
of a criminal offense--commonly known as the proceeds
6/14/00) is heating up the battle over whether a taxpayer may exclude from gross income the portion of proceeds
received from a settlement and retained by his attorney pursuant to a contingent fee arrangement.