Legal Opinion
Shea Homes, Inc. And Subsidiaries v. Commissioner
United States Tax Court
Decided February 12, 2014No. 29271-09, 1400-10, 1401-10Published
1Opinion of the Court
142 T.C. No. 3
UNITED STATES TAX COURT SHEA HOMES, INC. AND SUBSIDIARIES, ET AL.,1 Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket Nos. 29271-09, 1400-10, Filed February 12, 2014. 1401-10. Corporation C and partnerships S and V develop large, planned residential communities. They develop the land and construct homes and common improvements, including amenities. For the years at issue they reported income from their contracts for the sale of homes using the completed contract method of accounting. Under their interpretation of this method of accounting, their contracts are…
2Cases cited51 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Welch v. HelveringSupreme Court of the United States · 1933
- Auer v. RobbinsSupreme Court of the United States · 1997
- Bowen v. Georgetown University HospitalSupreme Court of the United States · 1988
- Food & Drug Administration v. Brown & Williamson Tobacco Corp.Supreme Court of the United States · 2000
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