INDMAR PRODUCTS CO., INC. v. C.I.R.

No. 05-1573.

444 F.3d 771 (2006)

INDMAR PRODUCTS CO., INC., Petitioner-Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

United States Court of Appeals, Sixth Circuit.

Decided and Filed: April 14, 2006.


Attorney(s) appearing for the Case

ARGUED: Matthew P. Cavitch, Bogitan Law Firm, Memphis, Tennessee, for Appellant. Teresa T. Milton, United States Department of Justice, Appellate Section Tax Division, Washington, D.C., for Appellee. ON BRIEF: Matthew P. Cavitch, G. Patrick Arnoult, Bogitan Law Firm, Memphis, Tennessee, for Appellant. Teresa T. Milton, Richard Farber, United States Department of Justice, Appellate Section Tax Division, Washington, D.C., for Appellee.

Before: MOORE, ROGERS, and McKEAGUE, Circuit Judges.


McKEAGUE, J., delivered the opinion of the court.

ROGERS, J. (pp. 784-788), delivered a separate concurring opinion.

MOORE, J. (pp. 788-791), delivered a separate dissenting opinion.

McKEAGUE, Circuit Judge.

Indmar Products Co., Inc. ("Indmar") appeals the decision of the Tax Court to disallow interest deductions the company claimed for tax years 1998-2000, and to assess accuracy-related tax penalties for those years. The interest deductions...

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