Legal Opinion
The Wisconsin Cheeseman, Inc. v. United States
Court of Appeals for the Seventh Circuit
Decided January 4, 1968No. 16319PublishedCited by 54 opinions
1Opinion of the Court
CUMMINGS, Circuit Judge.
This lawsuit involves the proper construction of Section 265(2) of the Internal Revenue Code. 1 The question for resolution is whether the taxpayer may deduct from its gross income the interest it paid on its mortgage and some of its short-term loans.
Taxpayer is located in Sun Prairie, Wisconsin, and is in the business of packaging fancy cheeses for sale as Christmas gifts. Its business is seasonal and is most active during the last three months of each calendar year. Its sales are solicited exclusively through a catalog mailed each October. It incurs high costs in the…
2Cases cited6 opinions
- United States v. United Mine Workers of AmericaSupreme Court of the United States · 1947
- United States v. Atlas Life Insurance Co.Supreme Court of the United States · 1965
- Illinois Terminal Railroad Company v. The United StatesUnited States Court of Claims · 1967
- R. B. George Machinery Co. v. CommissionerUnited States Board of Tax Appeals · 1932
- F. W. Drybrough v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1967
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3Cited by54 opinions
- John E. Leslie and Evelyn G. Leslie v. Commissioner of the Internal RevenueCourt of Appeals for the Second Circuit · 1969
- Bernard M. Barenholtz v. The United StatesCourt of Appeals for the Federal Circuit · 1986
- Leslie v. CommissionerUnited States Tax Court · 1968
- Bryan M. Patzkowski v. United StatesCourt of Appeals for the Eighth Circuit · 1978
- Norfolk Shipbuilding and Drydock Corp. v. United StatesDistrict Court, E.D. Virginia · 1971
49 more not listed; retrieve them via the Exa API.