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Taxation & Estate Planning

: TaxProf Blog

Tax Court Denies $1.34m Loss Deduction on WorldCom Stock

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The Tax Court yesterday denied a former employee of WorldCom a $1.34 million loss deduction on WorldCom stock. Taghadoss v. Commissioner, T.C. Summ. Op. 2008-44 (4/29/08): Petitioner was employed by the WorldCom for 17 years. During the course of petitioner's...

Full post as published by TaxProf Blog on April 30, 2008 (boomark / email).

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