U.S. Supreme Court cites Florida Law Review

Published: January 22nd, 2001

Category: News

In his dissenting opinion from a January 9, 2001, decision, Justice Breyer of the United States Supreme Court cited a recent Florida Law Review regarding interpretation of a recent congressional amendment to the Tax Code. In Gitlitz v. Commissioner of Internal Revenue, Justice Breyer cited an article by James F. Loebl, entitled “Does the Excluded COD Income of an Insolvent S Corporation Increase the Basis of Shareholders’ Stock?,” published in the December 2000 issue of the Florida Law Review, as supporting the proposition that ‘the shareholders’ basis in their stock is not adjusted by the amount of debt discharge income that is excluded at the corporate level.” Loebl is an Assistant Professor of Taxation and Business Law at Indiana University – Purdue University, Fort Wayne, and holds an L.L.M. degree in Taxation from the Levin College of Law. The Florida Law Review’s consistent track record of timely publication of topical issues gives judges and other legal practitioners the opportunity to remain on the cutting edge of developments in the law. The Law Review publishes five issues per year, in January, April, July, September and December.

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