Legal Opinion
Paccar, Inc. And Subsidiaries v. Commissioner Internal Revenue Service
Court of Appeals for the Ninth Circuit
Decided June 9, 1988No. 87-7203PublishedCited by 45 opinions
1Opinion of the Court
CARROLL, District Judge:
Paccar, Inc., appeals from a decision of the United States Tax Court, 85 T.C. 754 (1985), upholding the determination of deficiencies assessed by the Commissioner for the tax years 1975 through 1977. The primary issue is whether Paccar may claim an inventory loss resulting from its transfer of equipment parts to a third party. We affirm.
Paccar, through its various divisions, engages in the manufacture and distribution of trucks, truck parts, mining vehicles, and rail cars. In 1976 and 1977, three divisions of Paccar (Paccar Parts, Dart, and Wagner) entered into written…
2Cases cited18 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- United States v. Winston Bryant McConneyCourt of Appeals for the Ninth Circuit · 1984
- Frank Lyon Co. v. United StatesSupreme Court of the United States · 1978
- Thor Power Tool Co. v. CommissionerSupreme Court of the United States · 1979
- Johnny Weimerskirch v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1979
13 more not listed; retrieve them via the Exa API.
3Cited by45 opinions
- Sundstrand Corp. v. CommissionerUnited States Tax Court · 1991
- Daniel M. Kelley Nancey N. Kelley v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1989
- Sealy Power, Ltd. v. CommissionerCourt of Appeals for the Fifth Circuit · 1995
- Bausch & Lomb, Inc. v. CommissionerUnited States Tax Court · 1989
- Andrew Crispo Gallery, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1994
40 more not listed; retrieve them via the Exa API.