Maier Brewing Co. v. Commissioner
United States Tax Court
P and its subsidiaries were corporations involved in the beer industry and in the commercial and residential real estate business.
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P and its subsidiaries were corporations involved in the beer industry and in the commercial and residential real estate business. Held: (1) P is not entitled to relief under section 1341, I.R.C. 1954, because it did not include in its gross income an item for which it could later claim a deduction; (2) P correctly estimated the useful life of the May Company building, and depreciation deductions are reduced as of the taxable year 1969 rather than the taxable year 1968; (3) P is not entitled to depreciation deductions for the plant or equipment at the Falstaff brewery; (4) No deduction is…
1Opinion of the Court
MAIER BREWING COMPANY, A CALIFORNIA CORPORATION, NOW KNOWN AS S & P COMPANY, ET AL., 1 Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Maier Brewing Co. v. Commissioner
Docket Nos. 8609-72; 6937-82; 7163-82.
United States Tax Court
T.C. Memo 1987-385; 1987 Tax Ct. Memo LEXIS 383; 54 T.C.M. (CCH) 46; T.C.M. (RIA) 87385;
August 5, 1987.
P and its subsidiaries were corporations involved in the beer industry and in the commercial and residential real estate business.
Held:(1) P is not entitled to relief under section 1341, I.R.C. 1954, because it did not include in its gross income an item…
2Cases cited71 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Jack E. Golsen and Sylvia H. Golsen v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1971
- United States v. AndersonSupreme Court of the United States · 1926
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
66 more not listed; retrieve them via the Exa API.
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