Spiridon Spireas v. Commissioner of Internal Reven
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June 05, 2018
3rd Circ. Corrects Order Upholding $5.8M Tech Royalty Tax
The Third Circuit has corrected a decision upholding a $5.8 million tax deficiency against a pharmaceutical scientist for royalties paid on a technology license agreement, amending a footnote in the decision.
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May 10, 2018
Scientist Asks 3rd Circ. To Rehear $5.8M Royalty Tax Case
A pharmaceutical scientist has pushed for the Third Circuit to reconsider its decision to uphold a $5.8 million tax deficiency against him, arguing that royalties paid on a technology license agreement should be treated as capital gains and not as ordinary income.