Emmanuel L. Roco - Page 1

                                   121 T.C. No. 10                                    


                               UNITED STATES TAX COURT                                


                           EMMANUEL L. ROCO, Petitioner v.                            
                    COMMISSIONER OF INTERNAL REVENUE, Respondent                      


               Docket No. 8470-01.               Filed September 11, 2003.            


                    Petitioner (P) sued the New York University                       
               Medical Center (NYUMC) in a qui tam action under the                   
               False Claims Act, 31 U.S.C. secs. 3729-3733 (2000).                    
               NYUMC agreed to pay $15,500,000 to the United States to                
               settle the case.  The United States paid $1,568,087 of                 
               the settlement proceeds to P in 1997.                                  
                    The parties dispute whether the $1,568,087 qui tam                
               payment is includable in P’s gross income for 1997.                    
                    Held: The $1,568,087 payment is includable in P’s                 
               gross income for 1997.                                                 
                    Held, further, P is liable for the accuracy-                      
               related penalty under sec. 6662(a), I.R.C., for 1997.                  
                                                                                     








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