Extreme long shot here, but if anyone has studied tax law extensively, I am in need of just getting a few cases that could help me.

I need to find decisions that held that loans (with conditions such as products being sold over the loan life to the lender to reduce principal -- I know this is how it works since the forgiven principal needs to be added to income but I can't find any case law to back it up!) should be treated as income in the year they were received... I know this contradicts the Indianapolis Power & Light case somewhat...

[Edited on April 23, 2009 at 12:25 PM. Reason : and no, I'm not in law school... it's for something else]

4/23/2009 12:24:40 PM

has a thread ever been too successful?

4/24/2009 1:16:03 PM

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4/24/2009 3:16:54 PM