Willamette Indus. v. Commissioner
United States Tax Court
In Willamette Industries, Inc. v. Commissioner, T.C. Memo. 1992-407, the Court established the methodology to be used to compute the fair market value of timber cut by P based on a detailed consideration of the expert testimony. The Court directed the parties to calculate the fair market value of the timber under Rule 155, Tax Court Rules of Practice and Procedure, pursuant to that opinion.
Read the full summary
In Willamette Industries, Inc. v. Commissioner, T.C. Memo. 1992-407, the Court established the methodology to be used to compute the fair market value of timber cut by P based on a detailed consideration of the expert testimony. The Court directed the parties to calculate the fair market value of the timber under Rule 155, Tax Court Rules of Practice and Procedure, pursuant to that opinion. The Rule 155 computation produced values for the timber that were lower than the lowest of those used by any of the parties' experts for 2 of the 3 years at issue. On June 1, 1994, the parties filed a…
1Opinion of the Court
WILLAMETTE INDUSTRIES, INC., Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent *
Willamette Indus. v. Commissioner
Docket Nos. 275-84, 38880-84, 10578-86
United States Tax Court
T.C. Memo 1995-150; 1995 Tax Ct. Memo LEXIS 139; 69 T.C.M. (CCH) 2319;
April 4, 1995, Filed
In Willamette Industries, Inc. v. Commissioner, T.C. Memo. 1992-407, the Court established the methodology to be used to compute the fair market value of timber cut by P based on a detailed consideration of the expert testimony. The Court directed the parties to calculate the fair market value of the timber under Rule 155,…
2Cases cited29 opinions
- Roadway Express, Inc. v. PiperSupreme Court of the United States · 1980
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
- Buffalo Tool & Die Mfg. Co. v. CommissionerUnited States Tax Court · 1980
- Parker v. CommissionerUnited States Tax Court · 1986
- Bokum v. CommissionerUnited States Tax Court · 1990
24 more not listed; retrieve them via the Exa API.
3Cited by4 opinions
- Vincent Farrell, Jr. And Clotilde Farrell v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1998
- Estate of Algerine Allen Smith, James Allen Smith v. CommissionerUnited States Tax Court · 2004
- Estate of Smith v. Comm'rUnited States Tax Court · 2004
- Estate of Smith v. Comm'rUnited States Tax Court · 2004