RONEY, Circuit Judge:
In this accumulated earnings tax refund suit, the taxpayer, Exempt Carriers, Inc., attempted to prove its earnings were retained to finance planned expansion projects and were not accumulated beyond its reasonably anticipated business needs. After presentation of all the evidence to the jury, the district court granted a directed verdict for the Government, holding no reasonable jury could find that taxpayer's plans were sufficiently specific...
Let's get started
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.