Legal Opinion
David R. Webb Company, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided May 27, 1983No. 82-1201PublishedCited by 21 opinions
1Opinion of the Court
ESCHBACH, Circuit Judge.
The issue in this case is whether the taxpayer, David R. Webb Company, Inc., is entitled to deduct certain pension payments under § 404(a) of the Internal Revenue Code of 1954. The Tax Court held that the payments are non-deductible capital expenditures. Agreeing with the Tax Court’s conclusion, we affirm.
I. BACKGROUND
For over 80 years there has been a business in Edinburg, Indiana, engaged in the manufacture and sale of wood veneer. The ownership of this business, however, has changed on several occasions. To understand the legal issue presented in this case, we must…
2Cases cited13 opinions
- Commissioner v. TellierSupreme Court of the United States · 1966
- McDaniel v. SanchezSupreme Court of the United States · 1981
- Don E. Williams Co. v. CommissionerSupreme Court of the United States · 1977
- Magruder v. SuppleeSupreme Court of the United States · 1942
- United States v. Philip K. Smith, United States of America v. McIver & Smith Fabricators, Inc.Court of Appeals for the Fifth Circuit · 1969
8 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Fox Valley & Vicinity Construction Workers Pension Fund v. Laurine Brown (Lamar), and Dessie Brown, and All UnknownCourt of Appeals for the Seventh Circuit · 1990
- United Steelworkers of America, Local 2116, Russell Whisman, Darrell Tucker, G.R. Jones, and David Jewell v. Cyclops CorporationCourt of Appeals for the Sixth Circuit · 1988
- Schechter v. Balay (In Re Balay)United States Bankruptcy Court, N.D. Illinois · 1990
- Meredith Corp. v. CommissionerUnited States Tax Court · 1994
- Liberty National Bank & Trust Company, Estate of Terry H. Fischer, Deceased v. United StatesCourt of Appeals for the Sixth Circuit · 1989
16 more not listed; retrieve them via the Exa API.