IRCCourt RulingsFeb 9, 2023★ strong match
… and June
30, 1979), aff’d , 961 F.2d 1255 (6th Cir. 1992); and Exxon
Cor p. v. Commissioner , T.C. Memo. 1993-616, 66 T.C.M.
(CCH) 1707 (a case involving tax years 1979, 1980, and
1981), aff’d sub nom. Texaco, Inc. v. Commissioner , 98 F.3d
825 (5th Cir. 1996)
In Procter & Gamble Co. v. Commissioner , 95 T.C. 323, 324…
IRCCourt RulingsNov 24, 1971
…her pro-rata share of the earnings on his or her Dishursable Portion for the period from January 28,1967, to and including June 30,1967. Section 1.3 The total earnings of the Trust for the fiscal year ended June 30, 1967, less the amount of earnings paid out as provided in the immediately preceding Section 1.2 shall be…
IRCCourt RulingsMay 13, 1974
… Schimmel, Farley, and Estes carried on the business from 1958 until petitioner was incorporated in 1967. From the date of incorporation, October 9, 1967, continuing through the years in issue, these three persons each owned 33y3 shares of petitioner’s common stock and were officers and directors of petitioner. During …
IRCCourt RulingsOct 2, 1974
…ies received 0 $24,998.84 (2,098.53)
Aug. 31,1966 Securities received 0 5,003.30 (7,101.83)
Mar. 31,1967 Accrual-receivable 34,498.38 0 27,396.55
May 17,1967 Securities received 0 3,159.88 24,236.67
Dec. 20,1967 Securities received 0 5,694.65 18,542.02
Mar. 31,1968 Accrual-receivable 36,044.15 . 0 54,586.17
Mar. 31,196…
IRCCourt RulingsNov 26, 1974
zation payment
1967 _ $100 8/18/67 8/31/67
1,900 11/15/67
1968 _ 2,000 8/8/68 10/7/68
1969 ^_ 1,000 8/22/69 8/29/69
1970 _ 9,000 (Undisclosed) 8/31/70 By a letter dated October 25, 1967, petitioner’s authorized representative requested that the district director of internal revenue, Buffalo, N.Y., issue a determination…
IRCCourt RulingsMar 13, 1974
…eficiencies in Federal income taxes of the petitioners as follows:
Docket No. Year Amount
3088-71__ 1967 $3, 283. 98
3089-71_ 1967 2,438.55
3090-71_ 1967 3, 105. 26
3205-71_ 1967 1, 957. 53
Upon joint motion by the parties, these cases were consolidated for trial, briefs, and opinion.
Certain concessions have been made…
66 T.C. 348 — Comprehensive Designers International, Ltd. v. Commissioner IRCCourt RulingsMay 26, 1976
…t determined the following deficiencies in petitioner’s Federal income taxes:
TYEAPR.30— Deficiency
1967_ $168,077.53
1968_ 156,568.00
Two issues require consideration: (1) Whether a downward adjustment should be made to the foreign tax credit claimed by petitioner for the taxable year ended April 30, 1967, and (2) whe…
IRCCourt RulingsSep 19, 1977
…ers in the firm. With these ideas in mind, Friedman and Jobusch caused the Corporation, on June 14, 1967, to adopt a stock bonus plan and enter into an agreement with Friedman, Jobusch, and Richard E. Mc-Clanahan, one of Corporation’s senior employees, as trustees, for the creation of a stock bonus trust under the plan…
IRCCourt RulingsMar 6, 2001★ strong match
v. Commissioner
, T.C. Memo. 1998-140; Reiher v.
Commissioner
, T.C. Memo. 1998-75; Easter v. Commissioner
, T.C.
Memo. 1998-8; Brewer v. Commissioner , T.C. Memo. 1997-542, affd.
without published opinion 172 F.3d 875 (9th Cir. 1999); Gillette
v. Commissioner
, T.C. Memo. 1997-301; Hayes v. Commissioner
, T.C.
Memo. 1…
IRCCourt RulingsJun 3, 1998★ strong match
…stituted a
modification of the terms of the notes. We have previously
noted that a technical advice memorandum is merely a ruling
given to a specific taxpayer based upon the taxpayer's
specific facts and is not a ruling of general application.
See Golden Belt Tel. Association, Inc. v. Commissioner
, 108
T.C. 498, 506 (…
IRCCourt RulingsOct 3, 1989related by meaning
e enjoyment of the recreational activities to petitioner’s permanent staff without running afoul of the restrictions in section 274(e)(5). We so hold. A final note. We hasten to point out that, although we decide as a matter of law that a proper interpretation of section 274(e)(5) does not require in absolute terms tha…
IRCCourt RulingsNov 7, 1996related by meaning
is written, and, even if
petitioner's argument might accord with good policy, we are not
at liberty to rewrite such section because we might deem its effects susceptible of improvement. Commissioner v. Lundy
, 516
U.S.
116 S. Ct. 647, 656-657 (Jan. 17, 1996) (citing
Badaracco v. Commissioner
, 464 U.S. 386, 398 (1984))…
IRCCourt RulingsApr 11, 2012related by meaning
…red by the Joint
Committee on Taxation (the Blue Book); privatd letter rulings and
technical advice memoranda issued after October 31, 1976; actions on
decisions and general counsel memoranda issued after March 12,
1981 (as well as general counsel memoranda published in pre-1955
volumes of the Cumulative Bulletin); Int…
IRCCourt RulingsSep 11, 1972
…nts as follows:
Calendar year Amount Calendar year Atnount
1964 _$89. 50 1966_103. 00
1965 _ 87. 47 1967 _109.25
Respondent determined deficiencies in the Federal income taxes of petitioners Arthur D. Burnett (hereinafter referred to as Burnett) and Anne B. Burnett for the years and in the amounts as follows:
Calendar …
IRCCourt RulingsAug 6, 1991related by meaning
f the matter is that the payment in question should be taxable to petitioner under section 72(e). Accordingly, we sustain respondent’s determination.6 In order to take into account what appear to be mechanical errors in respondent’s calculations and to afford the parties a further opportunity to resolve the question of…
IRCCourt RulingsApr 25, 1972related by meaning
ecision will ~be entered for the petitioners.
unless otherwise indicated, all section references are to the Internal Revenue Code of 1954, as amended. This date is at variance with the date shown on the acceptance, Dec. 31, 1963. However, the parties agree by stipulation that the application was accepted on Dec. 31, 19…
IRCCourt RulingsDec 16, 1971
…, Judge:
Bespondent determined a deficiency in petitioner’s Federal income tax for the taxable year 1967 in the amount of $105.
The only issue for decision is whether the amount received by petitioner during 1967 for participation in the Biloxi Municipal Separate School District inservice program constituted a scholars…
IRCCourt RulingsMar 15, 2004related by meaning
tutory scheme itself suggests that other liberties should
not be indiscriminately inserted through the judicial process.
Cf. Larotonda v. Commissioner , 89 T.C. 287 (1987) (interpreting
former section 72(m)(5), a penalty provision without the list now
contained in section 72(t)(2), and largely limited to its facts
by o…
IRCCourt RulingsMar 20, 1997related by meaning
…e and will not be considered by the Court.
3
Rule 143(b);
Evans v. Commissioner
, 48 T.C. 704, 709 (1967), affd. per curiam
413 F.2d 1047 (9th Cir. 1969). The record of this case was
closed prior to the submission of the parties' briefs.
Accordingly, we hold that the additional facts contained in
petitioners' briefs th…
IRCCourt RulingsOct 3, 1995related by meaning
…e year in
issue, and all Rule references are to the Tax Court Rules of
Practice and Procedure.
T.C. Memo. 1995-470
UNITED STATES TAX COURT
HAROLD L. AND GLADYS M. HUMBERSON, Petitioners v
.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 10066-93. Filed October 3, 1995.
Harold L. Humberson, pro se.
Alan R. Pere…