Are Separate Liability Losses Separate for Consolidated Groups?
Don Leatherman

The A.L.I. Tax Treaty Study—A Critique and a Modest Proposal
Philip F. Postlewaite
David S. Makarski

COMMENT

The Tax Implications of Catching Mark McGwire's 62^nd Home Run Ball

NOTES

Lawsuit Proceeds Were Ordinary Income: Nahey v. Commissioner

Grant of Easement in Family Farm Triggers Section 2032A Recapture Tax:
Estate of Gibbs v. United States

Taxpayer Was Entitled to Nonrecognition of Gain Under Section 1035 on the Partial Exchange of an Annuity: Conway v. Commissioner

Former Member of a Controlled Group Can Deduct Loss on an Intercompany Sale:
Turner Broadcasting System, Inc. v. Commissioner

Equitable Tolling Applies in Section 6532(c) in Third-Party Wrongful Levy Actions:
Becton Dickinson & Co. v. Wolckenhauer

Fair Market Value of Appreciated Property Distribution to Shareholders Determined Based on Form of Distribution Out of Corporation, Not on Reform Received by Shareholders:
Pope & Talbot, Inc. v. Commissioner

ANNUAL REPORT

Important Developments During the Year

INDEX

Volume 52, Numbers 1, 2, 3 and 4

Published by
Section of Taxation, American Bar Association
With the Assistance of
Georgetown University Law Center

If you are an ABA member, you can receive The Tax Lawyer and the Section NewsQuarterly, both quarterly publications, when you join the Section of Taxation. Anyone can subscribe to The Tax Lawyer by contacting the ABA Service Center.