June 21, 2012
While this post is significantly belated, it’s still worth noting that the IRS (the original appellant) and Goosen (who had cross appealed) stipulated to dismiss the appeal to the D.C. Circuit back in February.
This doesn’t mark the end of the IRS’s fight with pro golfers over the character and source of income (especially royalty income). Sergio Garcia disputed deficiencies on similar issues; his case was tried in the Tax Court back in March. (Case No. 013649-10). We’ll update you when the decision is issued in that case.