The late Ken Lay, onetime CEO of Enron, defeated the IRS in Tax Court yesterday.  The case involved a dispute over Lay’s 2001 tax return and whether Lay received income from the sale of two annuity contracts to Enron.  The Court sided with Lay’s estate (Lay passed away in 2006).  You can find the entire 52-page Court ruling hereBloomberg provides additional coverage.