Cliffs Chemical Co. v. Wisconsin Tax Commission

A concise statement of the facts involved in this case is found in the findings of fact of the Tax Commission, as follows:

“(1) In its T917 return of income, the company deducted under the caption of ‘Other Ordinary and Necessary Expenses,’ the sum of $84,789.30 as ‘War Tax.’ This deduction was allowed in the original assessment. There is nowhere in the return any information which represents this sum to be an accrued tax. The balance sheet did not disclose this accrual, nor was the word ‘accrued’ used in describing the tax.

“From the report of its auditor, the Commission now finds that this…