Green Forest Mfg. Inc. v. Comm'r
United States Tax Court
P is engaged in the business of assembling, manufacturing, and selling furniture. P depreciated certain items of equipment used predominantly outside the United States. In accordance with the modified accelerated cost recovery system (MACRS), alternative depreciation system rules, R reclassified certain items of P's equipment.
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P is engaged in the business of assembling, manufacturing, and selling furniture. P depreciated certain items of equipment used predominantly outside the United States. In accordance with the modified accelerated cost recovery system (MACRS), alternative depreciation system rules, R reclassified certain items of P's equipment. The reclassification required a change in recovery period for all of the reclassified items of equipment, and a change in depreciation method for some of the reclassified items of equipment. P concedes that R's reclassification is correct. R determined that…
1Opinion of the Court
GREEN FOREST MANUFACTURING INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Green Forest Mfg. Inc. v. Comm'r
No. 1596-01
United States Tax Court
T.C. Memo 2003-75; 2003 Tax Ct. Memo LEXIS 75; 85 T.C.M. (CCH) 1020; T.C.M. (RIA) 55083;
March 14, 2003, Filed
Change in MACRS classification of each item of Equipment was not change in petitioner's method of accounting and no adjustment pursuant to §481 (a) required.
P is engaged in the business of assembling, manufacturing, and
selling furniture. P depreciated certain items of equipment used
predominantly outside the United States. In…
2Cases cited6 opinions
- Skidmore v. Swift & Co.Supreme Court of the United States · 1944
- United States v. Mead Corp.Supreme Court of the United States · 2001
- Thomas Jefferson University v. ShalalaSupreme Court of the United States · 1994
- Kurzet v. CommissionerCourt of Appeals for the Tenth Circuit · 2000
- Commissioner v. Brookshire Bros. HoldingCourt of Appeals for the Fifth Circuit · 2003
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