1. Home
  2. Browse Decisions
  3. F.2d
  4. 845 F.2d
  5. 845 F.2d 1541 (1988)
 

CHALLENGE PUBLICATIONS, INC. v. C.I.R.

No. 87-7234.

845 F.2d 1541 (1988)

CHALLENGE PUBLICATIONS, INC., Petitioner-Appellant, v. COMMISSIONER INTERNAL REVENUE SERVICE, Respondent-Appellee.

United States Court of Appeals, Ninth Circuit.

Memorandum March 2, 1988.

Decided May 6, 1988.

Attorney(s) appearing for the Case

Irving M. Grant, Hufstedler, Miller, Carlson & Beardsley, Los Angeles, Cal., for petitioner-appellant.

William S. Rose, Jr., Acting Asst. Atty. Gen., Ann Belanger Durney, Tax Div., Dept. of Justice, Washington, D.C., for respondent-appellee.

Before CANBY and WIGGINS, Circuit Judges, and LOVELL, District Judge.

WIGGINS, Circuit Judge:

Appellant, Challenge Publications, Inc. ("Challenge"), appeals the Tax Court's decision affirming $2,560,368 in deficiencies imposed by the Commissioner for the tax years 1972 through 1976. The Tax Court ruled that Challenge could not accrue as a deductible business expense an estimate for unsold magazines that it anticipated would be returned. Appellant claims that this practice satisfies the "all...

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