Legal Opinion
North Carolina Citizens for Business & Industry v. United States
United States Court of Claims
Decided August 28, 1989No. 617-84 TPublishedCited by 3 opinions
1Opinion of the Court
OPINION
RADER, Judge.
In this tax case, plaintiff, North Carolina Citizens for Business and Industry (the Association) seeks a refund of $4,941.80 for the year 1979. Although exempt from taxes on its educational and promotional activities, the Association must pay taxes on income from business activities unrelated to its exempt activities. Internal Revenue Code (IRC), 26 U.S.C. § 511 (1954). The Association’s monthly magazine, “We the People of North Carolina,” generates unrelated business income. If not offset by deductions, the advertising revenue from the magazine is taxable.
When computing…
2Cases cited16 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Sweats Fashions, Inc. v. Pannill Knitting Company, Inc.Court of Appeals for the Federal Circuit · 1987
- United States v. American Bar EndowmentSupreme Court of the United States · 1986
- Union Pacific Railroad Company v. The United StatesUnited States Court of Claims · 1968
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3Cited by3 opinions
- Favell v. United StatesUnited States Court of Claims · 1991
- Boddie-Noell Enterprises, Inc. v. United StatesUnited States Court of Federal Claims · 1996
- National Ass'n of Life Underwriters v. CommissionerUnited States Tax Court · 1992