Metra Chem Corp. v. Commissioner
United States Tax Court
P, a wholesaler of industrial chemicals, established a promotional program under which customers or their employees were given premiums such as televisions, citizen band radios, and prime meats. P purchased such items and made them available to its outside salesmen, who selected the recipients and generally delivered the gifts. The salesmen were charged the cost for the premiums plus a small markup.
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P, a wholesaler of industrial chemicals, established a promotional program under which customers or their employees were given premiums such as televisions, citizen band radios, and prime meats. P purchased such items and made them available to its outside salesmen, who selected the recipients and generally delivered the gifts. The salesmen were charged the cost for the premiums plus a small markup. However, there was no markup on the gifts of prime meat, and they were sent directly from the packer to the recipients. P did not maintain records with respect to the disposition of the premiums.…
1Opinion of the Court
SIMPSON, Judge'.
The Commissioner determined deficiencies in, and additions to, petitioner Metra Chem Corp.’s Federal income taxes as follows:
TYE Mar. 31— Deficiency Addition to tax sec. 6653(a), IRC. 1954 2
1976 $56.57
1977 20,788.66 $1,533.13
1978 21,476.71 1,157.30
1979 9,559.78 477.99
The Commissioner also determined that petitioners Richard and Shirley M. Laroche were hable for the addition to tax under section 6653(a) in the amount of $154.72 for 1977, and that petitioners Ronald D. and Beverly Laroche were liable for the addition to tax under section 6653(a) in the amount of $255.55 for…
2Cases cited13 opinions
- Aquilino v. United StatesSupreme Court of the United States · 1960
- Morgan v. CommissionerSupreme Court of the United States · 1940
- Enoch v. CommissionerUnited States Tax Court · 1972
- Pritchett v. CommissionerUnited States Tax Court · 1974
- Woodbury v. CommissionerUnited States Tax Court · 1967
8 more not listed; retrieve them via the Exa API.
3Cited by107 opinions
- Estate of Goldman v. CommissionerUnited States Tax Court · 1999
- In Re Grace Lilly, Debtor. Grace Lilly v. Internal Revenue Service, in Re Grace Lilly, Debtor. Grace Lilly v. Internal Revenue ServiceCourt of Appeals for the Fourth Circuit · 1996
- Woodsum v. Comm'rUnited States Tax Court · 2011
- Bick v. Peat Marwick & MainCourt of Appeals of Kansas · 1990
- Pennzoil-Quaker State Co. v. United StatesCourt of Appeals for the Federal Circuit · 2008
102 more not listed; retrieve them via the Exa API.