Legal Opinion
Don E. Williams Co. v. Commissioner
Supreme Court of the United States
Decided February 22, 1977No. 75-1312PublishedCited by 170 opinions
1Opinion of the CourtJustice Blackmun
The issue in this federal income tax case is whether an accrual-basis corporate taxpayer, by delivering its fully secured promissory demand note to the trustees of its qualified employees' profit-sharing trust, is. entitled to a deduction therefor under § 404 (a) of the Internal Revenue Code of 1954, 26 U. S. C. §404 (a).1
*571I
The pertinent facts are stipulated. Petitioner, Don E. Williams Company (taxpayer), is an Illinois corporation with its principal office at Moline in that State. It serves as a manufacturers’ representative and wholesaler for factory tools and supplies. It keeps its books…
2Cases cited29 opinions
- Commissioner v. National Alfalfa Dehydrating & Milling Co.Supreme Court of the United States · 1974
- Eckert v. BurnetSupreme Court of the United States · 1931
- Helvering v. PriceSupreme Court of the United States · 1940
- Lykes v. United StatesSupreme Court of the United States · 1952
- Spiegel v. CommissionerUnited States Tax Court · 1949
24 more not listed; retrieve them via the Exa API.
3Cited by170 opinions
- United States v. Sheffield Bd. of Comm'rsSupreme Court of the United States · 1978
- Helen L., Beverly D., Florence H., Ilene F., Idell S., and American Disabled for Attendant Programs Today ("a.d.a.p.t."), Idell S. v. Albert L. Didario, Individually and in His Official Capacity as Superintendent of Norristown State Hospital, and Karen F. Snider, in Her Capacity as Secretary, Pennsylvania Department of Public Welfare, Karen F. SniderCourt of Appeals for the Third Circuit · 1995
- Kenneth Allen Barbara Allen v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1991
- Sally Conforte v. Commissioner of Internal Revenue, Joseph Conforte v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1982
- Jackson v. CommissionerUnited States Tax Court · 1986
165 more not listed; retrieve them via the Exa API.