ENCYCLOPAEDIA BRITANNICA, INC. v. COMMISSIONER

Docket No. 466-76.

41 T.C.M. 1573 (1981)

T.C. Memo. 1981-255

Encyclopaedia Britannica, Inc. v. Commissioner.

United States Tax Court.

Filed May 26, 1981.


Attorney(s) appearing for the Case

Dale W. Wickham, Edward O. Craft, Allen K. Halperin and Roger M. Olsen, 1050 Seventeenth St., N.W., Washington, D.C. for the petitioner. Harmon B. Dow and Charles B. Wolfe, Jr., for the respondent.


Memorandum Findings of Fact and Opinion

STERRETT, Judge:

Respondent, in a notice of deficiency dated October 21, 1975, determined deficiencies in income taxes due from petitioner for its taxable years ended September 30, 1966 and 1967 in the amounts of $2,015,299 and $1,130,105, respectively. After various concessions and stipulations the only issue remaining for our decision is the characterization, as currently deductible or capital, of certain payments...

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