"Madame," she said, in timid tones, for want had not yet made Adrienne bold or coarse, "I have a thimble to dispose of--could you be induced to buy it?"
First taking another look at the pretty little hand and fingers, to make certain the thimble might not be reclaimed, when satisfied that it really belonged to her who wished to dispose of it, she ventured to answer.
"You only intend, then, to dispose
of that part of your fortune which the law allows you to subtract from the inheritance of your son?" Noirtier made no answer.
According to her, after receipt of a complaint, the commission holds the inquiry and it disposes
of the case when officials of intelligence agencies tell them that the person in question is in their custody.
A horizontal carve-out, which disposes
of only part of the taxpayer's interest in the property, generates ordinary income.
(3) In Manrell, the court expanded the Fortino doctrine, holding that a "right to compete," which a taxpayer disposes
of when entering into a non-competition agreement, is not a "right" that constitutes "property" for income tax purposes.
If a taxpayer disposes
of the stock in a disqualifying disposition, the income may be characterized as both wages and capital gain:
Effective January 1, 1997, it provided that "whoever knowingly and willfully disposes
of assets (including the transfer in trust) in order for an individual to become eligible for medical assistance under a State plan under title XIX, if disposing of the assets results in the imposition of a period of ineligibility for such assistance..." will be guilty of a misdemeanor if convicted and subject to fines up to $10,000 or imprisonment of up to 1 year or both.(1)
Let's say, for example, that a taxpayer disposes
of land and building property he has owned for six years with a value of $3 million and an adjusted basis of $1 million.