Podcasts Other Ed Zollars' Tax Update Podcast That's Not Income, That's a DiscountThe Ninth Circuit Corrects the Tax Court

That's Not Income, That's a DiscountThe Ninth Circuit Corrects the Tax Court

Published: July 8, 2006, 1:36 p.m.

b'The issue of the taxation of prepaid purchase discounts that may need to be refunded if purchase goals are not met has resurfaced as the Ninth Circuit Court of Appeals reversed the Tax Court in the case of Westpac Pacific Foods v. Commissioner.\\xa0 The Ninth Circuit\'s views on this topic differ both from those of the Tax Court and the IRS, each of which has it own views o this topic.

In the podcast, the question to be addressed is what do we tell our clients who are faced with this issue?\\xa0

The materials for this podcast can be downloaded from http://edzollars.com/2006-07-08_Westpac_Advances.pdf .

The podcast is sponsored by Leimberg Information Services, located on the web at http://www.leimbergservices.com .


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