Treatment of Goodwill Upon the Sale of a Business
Asset of the Owner v. Asset of the Company When determining the proper tax treatment of proceeds from the sale of a service company, it must be determined what amount, if any, may be allocated as payments attributable to personal goodwill. A key case in this determination is a Washington federal district court case titled Howard v. Commissioner. In 1980, Larry E. Howard, D.D.S. incorporated...Read More
0
