The Tax Court concluded that individuals who transferred appreciated stock to a charitable organization should be liable for the gain on the stock. The court applied the anticipatory assignment of income doctrine to the charitable donation. In this case...

The U.S. Court of Appeals for the Ninth Circuit applied the anticipatory assignment of income doctrine and determined that the taxpayers were liable for the capital gain on appreciated stock they donated to a charitable organization. The stock was transf...

Federal district court reviews bankruptcy decision for hindsight bias in determining insolvency, including expert opinions that allegedly used inflated company-specific risk premium, improper tax affecting, and ignored contemporaneous market data.