Hunt v. Commissioner
United States Tax Court
Held, income from sales of crude oil sourced under "title passage" rule of sec. 1.861-7, Income Tax Regs., for purposes of determining petitioners' per-country limitation on foreign tax credit.
1Opinion of the Court
Lamar and Norma K. Hunt, et al., 1 Petitioners v. Commissioner of Internal Revenue, Respondent
Hunt v. Commissioner
Docket Nos. 30547-81, 30548-81, 30549-81, 1385-82, 1386-82, 1387-82, 465-83, 498-83, 538-83
United States Tax Court
90 T.C. 1289; 1988 U.S. Tax Ct. LEXIS 84; 90 T.C. No. 84;
June 28, 1988; As amended July 11, 1988 June 28, 1988, Filed
Decisions will be entered under Rule 155.
Held, income from sales of crude oil sourced under "title passage" rule of sec. 1.861-7, Income Tax Regs., for purposes of determining petitioners' per-country limitation on foreign tax credit.
Donald P. Lan, Jr.,…
2Cases cited19 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Palmer v. CommissionerSupreme Court of the United States · 1937
- Anderson, Clayton & Co., Plaintiff-Appellee-Cross-Appellant v. United States of America, Defendant-Appellant-Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1977
- American Chicle Co. v. United StatesSupreme Court of the United States · 1942
- F. W. Woolworth Co. v. CommissionerUnited States Tax Court · 1970
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