| United States. Internal Revenue Service - 1967 - 1388 pages
...for their livestock raised for sale. It is clear that application of the cash method of accounting to sales of breeding livestock would substantially...that results whenever breeding livestock are sold. The respondents, however, have demonstrated their intent to retain the accuracies of the unit-livestock-price... | |
| United States. Tax Court - 1979 - 1352 pages
...the reach of section 269. In United States v. Catto, 384 US 102, 116 (1966), the Supreme Court said: The sacrifice in accounting accuracy under the cash...bookkeeping system for farmers and ranchers in need of simplified accounting procedure. * * * Our review of case law indicates that section 269 is usually... | |
| United States. Tax Court - 1986 - 1142 pages
...special privileges have been recognized by the Supreme Court as an historical concession for farmers: The sacrifice in accounting accuracy under the cash...ranchers in need of a simplified accounting procedure. [United States v. Catto, 384 US 102, 116 (1966).] Petitioners had no prior experience in the cattle-feeding... | |
| United States. Tax Court - 1979 - 1364 pages
...the reach of section 269. In United States v. Catto, 384 US 102, 116 (1966), the Supreme Court said: The sacrifice in accounting accuracy under the cash...by the Secretary and the Commissioner to provide a "The language "does not clearly reflect income" is, of course, used in sec. 446, on which respondent... | |
| United States. Congress. Senate. Committee on Labor and Public Welfare - 1972 - 1200 pages
...STUDIES AND PROPOSAIS 153 (Joint Comm. Print, 1969); <•/. United Slates v. Callo, 384 US 102. 111-16 (1966); "The issue in the present case, however, is...that results whenever breeding livestock are sold." T See note 5 supra. • The use of the term "cash method" to encompass the rules governing the deduction... | |
| United States. Congress. Senate. Committee on Labor and Public Welfare - 1972 - 1564 pages
...STUDIES AND PROPOSALS 153 (Joint Comm. Print, 1969); cf. United Slates v. Callo, 381 US 102, II 1-16 (1966); "The issue in the present case, however, is...ranchers in need of a simplified accounting procedure. Л concomitant of the special dispensation that has been made available to cash-method ranchers is... | |
| United States. Tax Court - 1986 - 1148 pages
...special privileges have been recognized by the Supreme Court as an historical concession for farmers: The sacrifice in accounting accuracy under the cash...ranchers in need of a simplified accounting procedure. [United States v. Catto, 384 US 102, 116 (1966).] Petitioners had no prior experience in the cattle-feeding... | |
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