B. B. Rider Corp. v. Commissioner
United States Tax Court
Held: (1) Extent to which proceeds of certain checks issued by petitioner B.B. Rider Corp. during its taxable years 1966 and 1967 were paid as interest on loans from various individuals, including petitioner John Howald, or were retained by petitioner Benjamin Stratmore determined. (2)(a) Petitioner B.B.
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Held: (1) Extent to which proceeds of certain checks issued by petitioner B.B. Rider Corp. during its taxable years 1966 and 1967 were paid as interest on loans from various individuals, including petitioner John Howald, or were retained by petitioner Benjamin Stratmore determined. (2)(a) Petitioner B.B. Rider Corp. is not entitled to deductions claimed for interest on "loans discounted and repaid" for its taxable years 1966 and 1967. (b) "Loans discounted and repaid" do not constitute additional income to petitioner Benjamin Stratmore. (3) Petitioner B.B. Rider Corp. is not entitled to…
1Opinion of the Court
B.B. RIDER CORP. ET AL., 1 Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
B. B. Rider Corp. v. Commissioner
Dockets Nos. 7883-74, 7887-74, 7039-77, 9214-77, 9227-77.
United States Tax Court
T.C. Memo 1982-98; 1982 Tax Ct. Memo LEXIS 653; 43 T.C.M. (CCH) 637; T.C.M. (RIA) 82098;
February 23, 1982.
Held: (1) Extent to which proceeds of certain checks issued by petitioner B.B. Rider Corp. during its taxable years 1966 and 1967 were paid as interest on loans from various individuals, including petitioner John Howald, or were retained by petitioner Benjamin Stratmore determined.(2)(a)…
2Cases cited56 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
- Botany Worsted Mills v. United StatesSupreme Court of the United States · 1929
- Stone v. CommissionerUnited States Tax Court · 1971
- Chris D. Stoltzfus and Irma H. Stoltzfus v. United StatesCourt of Appeals for the Third Circuit · 1968
- Greenberg's Express, Inc. v. CommissionerUnited States Tax Court · 1974
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3Cited by2 opinions
- B.B. Rider Corp. v. CommissionerCourt of Appeals for the Third Circuit · 1984
- B.B. Rider Corporation v. Commissioner of Internal Revenue, Benjamin and Helen Stratmore v. Commissioner of Internal Revenue, B.B. Rider Corporation, A/K/A General Manufacturing Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1984