FLORIDA PROGRESS CORP. & SUBSIDIARIES v. COMMISSIONER

Docket No. 2961-97.

114 T.C. 587 (2000)

FLORIDA PROGRESS CORPORATION & SUBSIDIARIES, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed June 30, 2000.


Attorney(s) appearing for the Case

David E. Jacobson and Richard P. Swanson, for petitioner.

James F. Kearney, for respondent.


OPINION

COHEN, Judge:

Respondent determined deficiencies in petitioner's consolidated Federal income tax for 1986, 1987, and 1988 in the amounts of $1,356,802, $1,321,896, and $7,099,160, respectively.

After concessions by the parties, the issues for decision are: (1) Whether one of petitioner's subsidiaries is entitled to compute its tax liability for 1987 and 1988 pursuant to section 1341 and (2) whether funds overcollected pursuant to fuel...

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