Reports of the United States Tax Court, Volume 106The Court, 1996 |
From inside the book
Results 1-5 of 100
Page 45
... payment of deficiencies and there- fore of the interest thereon is always a " personal obligation " . That is equally true of the obligation to pay interest on sales and excise taxes imposed upon a business conducted as a sole ...
... payment of deficiencies and there- fore of the interest thereon is always a " personal obligation " . That is equally true of the obligation to pay interest on sales and excise taxes imposed upon a business conducted as a sole ...
Page 62
... payments as a personal rather than a business expense . The court asserted a sole proprietor could deduct this interest as a personal business expense . However , unlike the situation with sole proprietorships , partnerships and S ...
... payments as a personal rather than a business expense . The court asserted a sole proprietor could deduct this interest as a personal business expense . However , unlike the situation with sole proprietorships , partnerships and S ...
Page 68
... pay $ 100 to her employees and one to pay $ 100 towards her vacation in Spain , can dictate the tax result of borrowing $ 100 to pay one of those obligations by deciding which one to pay with the borrowed $ 100 . Nevertheless , the ...
... pay $ 100 to her employees and one to pay $ 100 towards her vacation in Spain , can dictate the tax result of borrowing $ 100 to pay one of those obligations by deciding which one to pay with the borrowed $ 100 . Nevertheless , the ...
Page 70
... pay deficiency interest arises if a tax- payer fails to make a timely payment of her tax liability , as finally determined . See sec . 6601 ( a ) . For there to be any possibility that deficiency interest is deductible under section 163 ...
... pay deficiency interest arises if a tax- payer fails to make a timely payment of her tax liability , as finally determined . See sec . 6601 ( a ) . For there to be any possibility that deficiency interest is deductible under section 163 ...
Page 72
... payment of Federal income taxes reduces a taxpayer's wealth otherwise available for consumption . Thus , Federal income tax payments exhibit characteristics not common to business ( or investment ) expenditures . Justice Holmes made a ...
... payment of Federal income taxes reduces a taxpayer's wealth otherwise available for consumption . Thus , Federal income tax payments exhibit characteristics not common to business ( or investment ) expenditures . Justice Holmes made a ...
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1989 agreement 9th Cir affd allocable alternative minimum tax amended apply Arkla assets benefits business expense cardholder CBOT Citibank cluster home Commis Commissioner Congress contract corporation cost Court of Appeals debt decedent decedent's deduction determined election employees estate tax executor Federal income tax filed funds gross income Guardian Income Tax Regs Internal Revenue Code investment Irwindale issue litigation loan Los Angeles Raiders Malibu marital deduction MasterCard meals ment Mexican pesos Nihon Intergraph obligation overdraft amount paid parties payment percent peti petitioner Petitioner argues petitioner's possession product purchase purposes pursuant QTIP Raiders received refund regulations reinsurance reinsurance agreement Rept respondent's rule statute summary judgment supra surviving spouse T.C. Memo tax avoidance Tax Court tax deficiencies tax return taxable income taxpayer Temporary Income Tax terminable interest tion tioner trade or business transaction transfer fees trust United VEBA