Legal Opinion
Jack's Cookie Company v. The United States of America
Court of Appeals for the Fourth Circuit
Decided April 25, 1979No. 77-2210PublishedCited by 14 opinions
1Opinion of the Court
FIELD, Senior Circuit Judge:
On its income tax return for the year ending October 2, 1970, Jack’s Cookie Company (“Jack’s”) claimed a business expense deduction in the amount of $191,720.92 for cash disbursements made during that year under the terms of a written lease for an industrial building. The Internal Revenue Service disallowed $20,479.08 of the deduction, which had the result of reducing taxpayer’s 1970 net operating loss and increasing by $9,829.96 Jack’s tax liability for a prior year to which the 1970 loss had been carried back. Jack’s paid the deficiency for the prior year, plus…
2Cases cited30 opinions
- Commissioner v. TellierSupreme Court of the United States · 1966
- Commissioner v. Lincoln Savings & Loan Ass'nSupreme Court of the United States · 1971
- Richmond Television Corporation v. United StatesCourt of Appeals for the Fourth Circuit · 1965
- Duffy v. Central R. Co. of NJSupreme Court of the United States · 1925
- Richmond Television Corp. v. United StatesSupreme Court of the United States · 1965
25 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Bb&t Corp. v. United StatesCourt of Appeals for the Fourth Circuit · 2008
- Martin J. And Margaret M. Zaninovich and Vincent M. And Dorothy F. Zaninovich v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1980
- USFreightways Corp. v. CommissionerUnited States Tax Court · 1999
- United States v. Manor Care, Inc.District Court, D. Maryland · 1980
- Ncnb Corporation, a North Carolina Corporation North Carolina National Bank v. United StatesCourt of Appeals for the Fourth Circuit · 1981
9 more not listed; retrieve them via the Exa API.