Legal Opinion
Forbes Lithograph Mfg. Co. v. White
District Court, D. Massachusetts
Decided June 20, 1930No. 3155PublishedCited by 6 opinions
1Opinion of the Court
MORTON, District Judge.
The first question is whether two payments of $50,000 each made by the plaintiff in 1921 and 1922 to the trustees of the Forbes Foundation were deductible from its income for these years as ordinary and necessary expense in carrying on its trade or business. Revenue Act of 1921, § 234a, 42 Stat. 254.
The facts are not in dispute and, in outline, are as follows: The plaintiff is a manufacturing concern employing about one thousand persons. Its place of business is in or near Boston. In 1921 it caused to be established the Forbes Foundation, and in that and the following…
2Cases cited1 opinion
- Lucas v. AlexanderSupreme Court of the United States · 1929
3Cited by6 opinions
- A. P. Smith Manufacturing Co. v. BarlowSupreme Court of New Jersey · 1953
- Greene County Nat. Farm Loan Ass'n v. Federal Land BankDistrict Court, W.D. Kentucky · 1944
- London Shoe Co. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1935
- Century Wood Preserving Co. v. Commissioner of Int. Rev.Court of Appeals for the Third Circuit · 1934
- London Shoe Co. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1935
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