Veco Corporation And Subsidiaries v. Commissioner

141 T.C. No. 14

UNITED STATES TAX COURT VECO CORPORATION AND SUBSIDIARIES, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 24918-10. Filed November 20, 2013. On its Federal income tax return for the taxable year ending Mar. 31, 2005 (TYE 2005), P, an accrual method taxpayer, implemented a proposed change in accounting method and in so doing accelerated deductions for parts of certain liabilities attributable to periods after the close of P’s TYE 2005. R rejected P’s proposed change in accounting method and denied P’s claimed accelerated deductions. P claims that it was…