Adirondack League Club v. Commissioner
United States Tax Court
Petitioner is a nonprofit New York membership corporation organized and operated for: (1) The preservation and conservation of the Adirondack forests and the proper protection of game and fish in the Adirondack Region. (2) The establishment and promotion of an improved system of forestry. (3) The maintenance of an ample preserve for the benefit of its members for the purpose of hunting, fishing, rest, and recreation.
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Petitioner is a nonprofit New York membership corporation organized and operated for: (1) The preservation and conservation of the Adirondack forests and the proper protection of game and fish in the Adirondack Region. (2) The establishment and promotion of an improved system of forestry. (3) The maintenance of an ample preserve for the benefit of its members for the purpose of hunting, fishing, rest, and recreation. Petitioner lost its tax-exempt status as of 1943 upon respondent's determination that petitioner received a substantial amount of income from timber operations conducted on its…
1Opinion of the Court
Wituey, Judge:
Respondent determined deficiencies in petitioner’s Federal corporate income taxes as follows:
7 ear Amount
1962 -$7,887. 87
1963 - 11, 898.62
1964 - 12, 965. 94
1965 - 9,819.25
The only issue for decision is whether petitioner is entitled to deduct certain expenses as ordinary and necessary business expenses under section 162 (a), I. it. C. 1954.1
FINDINGS OF FACT
Petitioner Adirondack League Club is a nonprofit New York corporation whose income tax returns were filed with the district director of internal revenue, Syracuse, N.Y., for the taxable year 1962, and with the district…
2Cases cited8 opinions
- American Properties, Inc. v. CommissionerUnited States Tax Court · 1957
- International Trading Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1960
- Anaheim Union Water Company v. Commissioner of Internal Revenue, Santa Ana River Development Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1963
- Anaheim Union Water Co. v. CommissionerUnited States Tax Court · 1961
- Coastal Club, Inc. v. CommissionerUnited States Tax Court · 1965
3 more not listed; retrieve them via the Exa API.
3Cited by27 opinions
- Iowa State University of Science & Technology v. United StatesUnited States Court of Claims · 1974
- R. T. French Co. v. CommissionerUnited States Tax Court · 1973
- Five Lakes Outing Club v. United StatesCourt of Appeals for the Eighth Circuit · 1972
- Farm Service Cooperative v. CommissionerUnited States Tax Court · 1978
- Buckeye Countrymark v. CommissionerUnited States Tax Court · 1994
22 more not listed; retrieve them via the Exa API.