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Midland Empire Packing Company V. Commissioner
''Midland Empire Packing Company v. Commissioner'', 14 T.C. 635 (1950), was a case in which the United States Tax Court ruled that Midland Empire Packing Company was permitted to deduct the costs of lining its basement walls and floor. The costs were held to be repairs, and thus deductible as an ordinary and necessary business expense under section 162(a) of the Internal Revenue Code. Facts The petitioner, Midland Empire Packing Company (Midland), was the owner of a meat-packing plant in the State of Montana. The basement rooms of Midland's plant were used for the curing of hams and bacon and for the storage of meat and hides. The original concrete walls and floors were not sealed against water. When the water in the nearby Yellowstone River was high, the underground water caused increase seepage in the plant. Also near the plant was an oil refinery owned by The Yale Oil Corporation. In 1943 Midland discovered that oil from the refinery was seeping into Midland's water wells ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Tax Court
The United States Tax Court (in case citations, T.C.) is a federal trial court of record established by Congress under Article I of the U.S. Constitution, section 8 of which provides (in part) that the Congress has the power to "constitute Tribunals inferior to the supreme Court". The Tax Court specializes in adjudicating disputes over federal income tax, generally prior to the time at which formal tax assessments are made by the Internal Revenue Service. Though taxpayers may choose to litigate tax matters in a variety of legal settings, outside of bankruptcy, the Tax Court is the only forum in which taxpayers may do so without having first paid the disputed tax in full. Parties who contest the imposition of a tax may also bring an action in any United States District Court, or in the United States Court of Federal Claims; however these venues require that the tax be paid first, and that the party then file a lawsuit to recover the contested amount paid (the "full payment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Internal Revenue Code
The Internal Revenue Code (IRC), formally the Internal Revenue Code of 1986, is the domestic portion of federal statutory tax law in the United States, published in various volumes of the United States Statutes at Large, and separately as Title 26 of the United States Code (USC). It is organized topically, into subtitles and sections, covering income tax in the United States, payroll taxes, estate taxes, gift taxes, and excise taxes; as well as procedure and administration. The Code's implementing federal agency is the Internal Revenue Service. Origins of tax codes in the United States Prior to 1874, U.S. statutes (whether in tax law or other subjects) were not codified. That is, the acts of Congress were not separately organized and published in separate volumes based on the subject matter (such as taxation, bankruptcy, etc.). Codifications of statutes, including tax statutes, undertaken in 1873 resulted in the Revised Statutes of the United States, approved June 22, 1874, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Case Citation
Case citation is a system used by legal professionals to identify past court case decisions, either in series of books called Reporter (law), reporters or law reports, or in a neutral style that identifies a decision regardless of where it is reported. Case citations are formatted differently in different jurisdictions, but generally contain the same key information. A legal citation is a "reference to a legal precedent or authority, such as a case, statute, or treatise, that either substantiates or contradicts a given position." Where cases are published on paper, the citation usually contains the following information: * Court that issued the decision * Report title * Volume number * Page, section, or paragraph number * Publication year In some report series, for example in England, Australia and some in Canada, volumes are not numbered independently of the year: thus the year and volume number (usually no greater than 4) are required to identify which book of the series has t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Montana
Montana () is a U.S. state, state in the Mountain states, Mountain West List of regions of the United States#Census Bureau-designated regions and divisions, division of the Western United States. It is bordered by Idaho to the west, North Dakota and South Dakota to the east, Wyoming to the south, and the Provinces and territories of Canada, Canadian provinces of Alberta, British Columbia, and Saskatchewan to the north. It is the List of U.S. states and territories by area, fourth-largest state by area, the List of U.S. states and territories by population, eighth-least populous state, and the List of U.S. states and territories by population density, third-least densely populated state. Its state capital is Helena, Montana, Helena. The western half of Montana contains numerous mountain ranges, while the eastern half is characterized by western prairie terrain and badlands, with smaller mountain ranges found throughout the state. Montana has no official nickname but several ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yellowstone River
The Yellowstone River is a tributary of the Missouri River, approximately long, in the Western United States. Considered the principal tributary of upper Missouri, via its own tributaries it drains an area with headwaters across the mountains and high plains of southern Montana and northern Wyoming, and stretching east from the Rocky Mountains in the vicinity of Yellowstone National Park. It flows northeast to its confluence with the Missouri River on the North Dakota side of the border, about 25 miles west of present-day Williston. Yellowstone watershed The Yellowstone River watershed is a river basin spanning across Montana, with minor extensions into Wyoming and North Dakota, toward headwaters and terminus, respectively. The Yellowstone Basin watershed contains a system of rivers, including the Yellowstone River, and four tributary basins: the Clarks Fork Yellowstone, Wind River and Bighorn River, Tongue River, and Powder River. These rivers form tributaries to the Mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Welch V
Welch, Welch's, Welchs or Welches may refer to: People *Welch (surname) Places * Welch, Oklahoma, a town, US *Welches, Oregon, an unincorporated community, US *Welch, Texas, an unincorporated community, US *Welchs, Virginia, an unincorporated community, US * Welch, West Virginia, a city, US * Welch Township, Goodhue County, Minnesota, US *Welch Township, Cape Girardeau County, Missouri, US *Welch Mountains, Palmer Land, Antarctica *Welch Peak, British Columbia, Canada * Welch Peaks, Washington, US *Welch Island (other) *Welch Rocks, north of Welch Island, Antarctica *2405 Welch, an asteroid In the military * Welch Regiment or The Welch, a former British Army regiment *Welch's Regiment of Militia, a unit in the Continental Army during the American Revolutionary War * USS ''Welch'', the name of a patrol craft and a gunboat Other uses * Welch's, US brand of fruit-based products *An archaic spelling of Welsh *Welch baronets, a title in the Baronetage of the United Kingdom * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Tax Court Cases
United may refer to: Places * United, Pennsylvania United is located in Mount Pleasant Township, Westmoreland County, Pennsylvania. It is a community located near Norvelt, Pennsylvania. History In 1881, the United Coal Company, United Coal & Coke Company, organized by a group of Greensburg, Penn ..., an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * United (Marvin Gaye and Tammi Terrell album), ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * United (Marian Gold album), ''United'' (Marian Gold album), 1996 * United (Phoenix album), ''United'' (Phoenix album), 2000 * United (Woody Shaw album), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Taxation And Revenue Case Law
United may refer to: Places * United, Pennsylvania, an unincorporated community * United, West Virginia, an unincorporated community Arts and entertainment Films * ''United'' (2003 film), a Norwegian film * ''United'' (2011 film), a BBC Two film Literature * ''United!'' (novel), a 1973 children's novel by Michael Hardcastle Music * United (band), Japanese thrash metal band formed in 1981 Albums * ''United'' (Commodores album), 1986 * ''United'' (Dream Evil album), 2006 * ''United'' (Marvin Gaye and Tammi Terrell album), 1967 * ''United'' (Marian Gold album), 1996 * ''United'' (Phoenix album), 2000 * ''United'' (Woody Shaw album), 1981 Songs * "United" (Judas Priest song), 1980 * "United" (Prince Ital Joe and Marky Mark song), 1994 * "United" (Robbie Williams song), 2000 * "United", a song by Danish duo Nik & Jay featuring Lisa Rowe Television * ''United'' (TV series), a 1990 BBC Two documentary series * ''United!'', a soap opera that aired on BBC One from 1965-19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
