Legal Opinion
Wilmot Fleming Engineering Co. v. Commissioner
United States Tax Court
Decided January 29, 1976No. Docket Nos. 8657-73, 8757-73, 8758-73PublishedCited by 28 opinions
1Opinion of the Court
OPINION
In these consolidated cases, we are presented with the following issues:(1) Whether Wilmot Fleming Engineering Co. properly computed its basis in machinery and equipment purchased from decedent and Wilmot in respect of which property the corporation claimed depreciation deductions for its fiscal years 1968,1969, and 1970 in excess of the respective amounts allowed therefor by respondent;(2) Whether decedent and Wilmot properly characterized their respective gain from the sale of their interests in partnership assets as capital gain; and(3) Whether, as a result of the aforementioned…
2Cases cited27 opinions
- Commissioner v. DanielsonCourt of Appeals for the Third Circuit · 1967
- Danielson v. CommissionerUnited States Tax Court · 1965
- Schmitz v. CommissionerUnited States Tax Court · 1968
- In Re the Accounting of BrownNew York Court of Appeals · 1926
- Albert H. And Doris G. Throndson v. Commissioner of Internal Revenue, Albert H. And Doris G. Throndson v. Commissioner of Internal Revenue, J. Leonard Schmitz and Alice Schmitz v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1972
22 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Major v. CommissionerUnited States Tax Court · 1981
- VGS Corp. v. CommissionerUnited States Tax Court · 1977
- Peterson Machine Tool, Inc. v. CommissionerUnited States Tax Court · 1982
- Banc One Corp. v. CommissionerUnited States Tax Court · 1985
- Solitron Devices, Inc. v. CommissionerUnited States Tax Court · 1983
23 more not listed; retrieve them via the Exa API.