United Aniline Co. v. Commissioner
United States Tax Court
1. Expenses and depreciation on yacht owned by corporation, used exclusively by controlling stockholder and family and their guests, held not deductible by corporation in excess of amounts allowed by the Commissioner. 2. Travel and entertainment expenses of controlling stockholder paid by corporation in excess of amounts allowed by the Commissioner held personal and not deductible by corporation. 3. Personal telephone and automobile expenses of controlling stockholder paid…
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1. Expenses and depreciation on yacht owned by corporation, used exclusively by controlling stockholder and family and their guests, held not deductible by corporation in excess of amounts allowed by the Commissioner. 2. Travel and entertainment expenses of controlling stockholder paid by corporation in excess of amounts allowed by the Commissioner held personal and not deductible by corporation. 3. Personal telephone and automobile expenses of controlling stockholder paid by corporation held not deductible by corporation as additional compensation. 4. Rate of depreciation on leasehold…
1Opinion of the Court
United Aniline Company v. Commissioner. Louis and Anna I. Aronson v. Commissioner.
United Aniline Co. v. Commissioner
Docket Nos. 84093, 84094.
United States Tax Court
T.C. Memo 1962-60; 1962 Tax Ct. Memo LEXIS 247; 21 T.C.M. (CCH) 327; T.C.M. (RIA) 62060;
March 21, 1962
1. Expenses and depreciation on yacht owned by corporation, used exclusively by controlling stockholder and family and their guests, held not deductible by corporation in excess of amounts allowed by the Commissioner.
2. Travel and entertainment expenses of controlling stockholder paid by corporation in excess of amounts allowed by…
2Cases cited26 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Palmer v. HoffmanSupreme Court of the United States · 1943
- William O'Dwyer and Sloan O'Dwyer v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1959
- Standard Oil Co. v. MooreCourt of Appeals for the Ninth Circuit · 1957
- Louis Greenspon v. Commissioner of Internal Revenue, (Three Cases). Anna Greenspon v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1956
21 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- United States v. John William Gotcher Et Ux.Court of Appeals for the Fifth Circuit · 1968
- United States v. John William Gotcher Et Ux.Court of Appeals for the Fifth Circuit · 1968