The 10th Circuit Court of Appeals has ruled that the lawyer for Oklahoma bomber Timothy McVeigh isn’t entitled for a tax deuction for donating prosecution materials in the case. Stephen Jones was the lead defense counsel in McVeigh’s trial for the 1995 bombing that killed 168 people. Jones tried to claim a tax deduction of $294,877 for donating material he collected in the case, based on the valuation of an appraiser he hired.
The IRS sent Jones a notice of tax deficiency in the amount of $14,785. The appellate court held that Jones was entitled only to the amount he paid for or invested in the material, which was nothing. The materials, which were donated to the Universtiy of Texas, consisted of FBI reports, videotapes, transcripts, correspondence, and other materials.
Source: http://www.breakinglegalnews.com/entry/Appeals-court-rejects-tax-case-of-McVeighs-lawyer
Tags: Oklahoma bomber, Timothy McVeigh
