Legal Opinion
Petersen v. Comm'r of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided May 15, 2019No. 17-9003; 17-9004PublishedCited by 7 opinions
1Opinion of the Court
HARTZ, Circuit Judge.
*1113 This appeal concerns the propriety of the timing of deductions by a Subchapter S corporation for expenses paid to employees who participate in the corporation's employee stock ownership plan (ESOP). Stephen and Pauline Petersen and John and Larue Johnstun (Taxpayers) appeal the decision of the United States Tax Court holding them liable for past-due taxes arising out of errors in their income-tax returns caused by premature deductions for expenses paid to their Corporation's ESOP. Taxpayers contend that the Tax Court misinterpreted the Internal Revenue Code (IRC) and,…
2Cases cited18 opinions
- Firestone Tire & Rubber Co. v. BruchSupreme Court of the United States · 1989
- Shaw v. Delta Air Lines, Inc.Supreme Court of the United States · 1983
- Pilot Life Insurance v. DedeauxSupreme Court of the United States · 1987
- Varity Corp. v. HoweSupreme Court of the United States · 1996
- New York State Conference of Blue Cross & Blue Shield Plans v. Travelers InsuranceSupreme Court of the United States · 1995
13 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Hamilton v. CIRCourt of Appeals for the Tenth Circuit · 2020
- Davis v. CIRCourt of Appeals for the Tenth Circuit · 2019
- Matney v. Barrick Gold of North AmericaDistrict Court, D. Utah · 2022
- Matter of Seigfreid Bingham, P.C. (Aftercare Nursing Servs., Inc.)Appellate Division of the Supreme Court of the State of New York · 2020
- Olsen v. CIRCourt of Appeals for the Tenth Circuit · 2022
2 more not listed; retrieve them via the Exa API.