Kemppel v. Zaino

Citations

• 2001 Ohio 92
• 91 Ohio St. 3d 420

Syllabus

Taxation—Income tax—Liquidation of assets of Ohio subchapter S corporation followed by dissolution of the corporation—Income from the gain on the sale of the intangible personal property not business income as defined in R.C. 5747.01(B)—Tax Commissioner's remitting of portion of the statutory penalty is not an abuse of discretion.