1. Home
  2. Browse Decisions
  3. F.2d
  4. 636 F.2d
  5. 636 F.2d 59 (1980)
 

KOPP'S CO., INC. v. UNITED STATES

No. 79-1405.

636 F.2d 59 (1980)

KOPP'S COMPANY, INC., Appellant, v. UNITED STATES of America, Appellee.

United States Court of Appeals, Fourth Circuit.

Decided October 23, 1980.

Attorney(s) appearing for the Case

Shale D. Stiller, Baltimore, Md. (Jerome D. Carr, Frank, Bernstein, Conaway & Goldman, Baltimore, Md., on brief), for appellant.

Stephen J. Gray, Tax Div., Dept. of Justice (Russell T. Baker, Jr., U. S. Atty., Baltimore, Md., M. Carr Ferguson, Asst. Atty. Gen., Gilbert E. Andrews, Robert A. Bernstein, Tax Div., Dept. of Justice, Washington, D. C., on brief), for appellee.

Before BRYAN, Senior Circuit Judge, and WIDENER and ERVIN, Circuit Judges.

ALBERT V. BRYAN, Senior Circuit Judge:

Appellant, Kopp's Co., Inc. (the Company), contends that the trial court erred in disallowing the Company's deduction, as ordinary and necessary business expenses under Section 162(a) of the Internal Revenue Code, of the cost of settlement of a tort action and related legal fees. A refund was sought of $28,935.67, representing income taxes of $25,472.00 together with interest thereon of $3,463.67 which it had paid after the IRS...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases