Legal Opinion
Wal-Mart Stores, Inc. & Subsidiaries v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided August 14, 1998No. 97-2693PublishedCited by 11 opinions
1Opinion of the Court
BEAM, Circuit Judge.
This case presents the question whether a retailer may account for unverified inventory shrinkage, and if so, whether the method used by Wal-Mart Stores, Inc. & Subsidiaries is permissible. The Commissioner of Internal Revenue (Commissioner) appeals from the tax court’s 2 decision reversing the Commissioner’s determination of federal tax deficiencies. We affirm the tax court.
I. BACKGROUND
The parties have stipulated the relevant facts. Wal-Mart Stores, Inc., was the parent company of a group of affiliated corporations, including Kuhn’s-Big K Stores Corp. (Kuhn’s), Big K…
2Cases cited11 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Thor Power Tool Co. v. CommissionerSupreme Court of the United States · 1979
- Caldwell v. Commissioner of Internal Revenue. Commissioner of Internal Revenue v. CaldwellCourt of Appeals for the Second Circuit · 1953
- Louisville and Nashville Railroad Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1981
- Black Hills Corporation, Doing Business as Black Hills Power and Light Company and Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1996
6 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Bank One Corp. v. Comm'rUnited States Tax Court · 2003
- Skokos v. SkokosSupreme Court of Arkansas · 2001
- Osteopathic Med. Oncology & Hematology, P.C. v. CommissionerUnited States Tax Court · 1999
- Dayton Hudson Corporation and Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1998
- Bank One Corp. v. Comm'rUnited States Tax Court · 2003
6 more not listed; retrieve them via the Exa API.