Legal Opinion
United States v. Hughes Properties, Inc.
Supreme Court of the United States
Decided June 3, 1986No. 85-554PublishedCited by 114 opinions
1Opinion of the CourtJustice Blackmun
This case concerns the deductibility for federal income tax purposes, by a casino operator utilizing the accrual method of accounting, of amounts guaranteed for payment on “progressive” slot machines but not yet won by playing patrons.
I
A
There is no dispute as to the relevant facts; many of them are stipulated. Respondent Hughes Properties, Inc., is a Nevada corporation. It owns Harolds Club, a gambling casino, in Reno, Nev. It keeps its books and files its federal income tax returns under the accrual method of accounting. During the tax years in question (the fiscal years that ended June 30…
2Cases cited16 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Thor Power Tool Co. v. CommissionerSupreme Court of the United States · 1979
- Brown v. HelveringSupreme Court of the United States · 1934
- Security Flour Mills Co. v. CommissionerSupreme Court of the United States · 1944
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3Cited by114 opinions
- United States v. General Dynamics Corp.Supreme Court of the United States · 1987
- Gulf Oil Corporation, in No. 89-2049 v. Commissioner of Internal Revenue. Commissioner of Internal Revenue, in No. 89-2050 v. Gulf Oil CorporationCourt of Appeals for the Third Circuit · 1990
- Hallmark Cards, Inc. v. CommissionerUnited States Tax Court · 1988
- American Medical Association, Cross-Appellant v. United States of America, Cross-AppelleeCourt of Appeals for the Seventh Circuit · 1989
- Michele Yates v. Pinellas Hematology & Oncology, P.A.Court of Appeals for the Eleventh Circuit · 2021
109 more not listed; retrieve them via the Exa API.