Legal Opinion
Artnell Company v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided September 19, 1968No. 16586_1PublishedCited by 41 opinions
1Opinion of the Court
FAIRCHILD, Circuit Judge.
The tax court upheld the commissioner’s determination of deficiencies, 1 and Artnell Company, transferee taxpayer, seeks review. The main question is whether prepayments for services (proceeds of advance sales of tickets for baseball games and revenues for related future services) must be treated as income when received or whether such treatment could be deferred by the accrual basis taxpayer until the games were played and other services rendered.
Early in the 1962 baseball season, as in previous seasons, the White Sox team was operated by Chicago White Sox, Inc. It…
2Cases cited5 opinions
- Automobile Club of Mich. v. CommissionerSupreme Court of the United States · 1957
- American Automobile Assn. v. United StatesSupreme Court of the United States · 1961
- Schulde v. CommissionerSupreme Court of the United States · 1963
- Beacon Publishing Company, a Kansas Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1955
- Artnell Co. v. CommissionerUnited States Tax Court · 1967
3Cited by41 opinions
- Wilkinson-Beane, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1970
- Thor Power Tool Company v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1977
- Hagen Advertising Displays, Inc., an Ohio Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1969
- Angelus Funeral Home v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1969
- Johnson v. CommissionerUnited States Tax Court · 1997
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