Legal Opinion
Donald G. McNamara and Valerie J. McNamara and Robert F. Christiansen and Lucille L. Christiansen v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided August 19, 1987No. 86-2739PublishedCited by 27 opinions
1Opinion of the Court
CUMMINGS, Circuit Judge.
The Internal Revenue Code of 1954 allowed a tax credit for investment in certain depreciable property. 1 26 U.S.C. § 38. Noncorporate lessors of qualifying property were permitted to claim the credit provided that the conditions set out in 26 U.S.C. § 46(e)(3) were satisfied. In this case the taxpayers formed a partnership which leased certain qualifying property to a corporation which they also controlled. The taxpayers claimed investment tax credits for the property on their individual returns for the taxable years 1977, 1978, and 1979. The Commissioner disallowed…
2Cases cited9 opinions
- Ridder v. CommissionerUnited States Tax Court · 1981
- Ragnar v. Hokanson and Marilyn L. Hokanson v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1984
- G. W. Van Keppel Company v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1961
- Highland Hills Swimming Club, Inc., a Corporation v. Earl R. Wiseman, District Director Internal RevenueCourt of Appeals for the Tenth Circuit · 1959
- O. Robert Freesen v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1986
4 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Borchers v. CommissionerUnited States Tax Court · 1990
- Richard J. Borchers Jane E. Borchers v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1991
- Eugene R. Connor and Mary P. Connor v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1988
- Newman v. CommissionerCourt of Appeals for the Second Circuit · 1990
- William F. Owen, Jr. Gretchen K. Owen v. Commissioner Internal Revenue ServiceCourt of Appeals for the Ninth Circuit · 1989
22 more not listed; retrieve them via the Exa API.