Globe Tool & Die Mfg. Co. v. Commissioner
United States Tax Court
Additional payments on account of Massachusetts corporation excise tax, held, on the facts, not deductible as accrued liabilities in years prior to payment or other acknowledgment of liability.
1Opinion of the Court
OPINION.
OppeR, Judge:
The respondent determined deficiencies in income tax for 1951 and 1952 in the respective amounts of $9,861.53 and $26,309.71.
The issues before the Court are whether petitioner is entitled to a deduction in each of the taxable years 1951 and 1952 for additional Massachusetts excise tax for each of the said years which will result from a final determination of petitioner’s net income for federal income tax purposes for each of the said years and whether petitioner is entitled to deduct in each of the said years additional corporate excise tax determined to be due by the…
2Cases cited9 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Security Flour Mills Co. v. CommissionerSupreme Court of the United States · 1944
- Dixie Pine Products Co. v. CommissionerSupreme Court of the United States · 1944
- Continental Tie & Lumber Co. v. United StatesSupreme Court of the United States · 1932
4 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Missisquoi Corp. v. CommissionerUnited States Tax Court · 1962
- Abraham Winer v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1967
- Agency of Canadian Car & Foundry Co. v. CommissionerUnited States Tax Court · 1962
- Southwest Exploration Co. v. RiddellDistrict Court, S.D. California · 1964
- Lake Forest, Inc. v. CommissionerUnited States Tax Court · 1963
5 more not listed; retrieve them via the Exa API.