Legal Opinion
In Re Dow Corning Corp.
United States Bankruptcy Court, E.D. Michigan
Decided October 30, 2001No. 95-20512PublishedCited by 10 opinions
1Opinion of the Court
OPINION REGARDING DEDUC-TIBILITY OF POSTPETITION INTEREST
ARTHUR J. SPECTOR, Chief Judge. Introduction
The Internal Revenue Code (“IRC”) generally permits corporations to deduct from income subject to federal tax “all interest paid or accrued within the taxable year . on indebtedness.” 26 U.S.C. § 163(a). Dow Corning Corporation (“the Debtor”) is an “accrual basis taxpayer.” Declaration of Gifford E. Brown at ¶ 30. See generally 26 U.S.C. § 446(c)(2) (The “accrual method” is a permissible “method[ ] of accounting” for purposes of “com-put[ing] taxable income.”); Comm’r v. South Texas Lumber…
2Cases cited59 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- United States v. Ron Pair Enterprises, Inc.Supreme Court of the United States · 1989
- Duncan v. WalkerSupreme Court of the United States · 2001
- Christensen v. Harris CountySupreme Court of the United States · 2000
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
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3Cited by10 opinions
- In Re Oak Park Calabasas Condominium Ass'nUnited States Bankruptcy Court, C.D. California · 2003
- In Re Alan Wayne RaynardUnited States Bankruptcy Court, W.D. Michigan · 2005
- In Re EngmanUnited States Bankruptcy Court, W.D. Michigan · 2008
- International Asset Recovery Corp. v. Thomson McKinnon Securities Inc.United States Bankruptcy Court, S.D. New York · 2005
- In Re SpearsDistrict Court, W.D. Michigan · 2004
5 more not listed; retrieve them via the Exa API.