Philip Long v. Commissioner of IRS
Court of Appeals for the Eleventh Circuit
Non-Argument Calendar.
1Per curiam
Philip Long appeals the United States Tax Court’s final order and decision on his petition for redetermination of deficiency brought under 26 U.S.C. § 6213(a). Long argues that the Tax Court erred by concluding that the $5.75 million Long received from the assignment of his position as plaintiff in a lawsuit constituted taxable ordinary' income, rather than long term capital gains. Long also argues that the Tax Court erred by concluding that Long’s $600,000 payment to Steelervest, Inc. (Steelervest) did not qualify as a deductible expense. Long further argues that the Tax Court erred by…
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