Legal Opinion
Newark Morning Ledger Co., as Successor to the Herald Company v. The United States of America
Court of Appeals for the Third Circuit
Decided October 15, 1991No. 90-5637PublishedCited by 11 opinions
1Opinion of the Court
OPINION OF THE COURT
BECKER, Circuit Judge.
This appeal by the United States from an adverse judgment of the district court in a tax refund case raises important questions concerning a taxpayer’s ability to depreciate acquired intangible assets. Taxpayer/appellee Newark Morning Ledger Co. (“Morning Ledger”) acquired a corporation, which itself had previously acquired the assets of eight Michigan newspapers by means of an I.R.C. §§ 332, 334(b)(2) liquidation, and which had attempted to depreciate some $67 million of the purchase price as allocated to a category denominated “paid subscribers.”…
2Cases cited39 opinions
- Richard M. Boe and Mary Lots Boe v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1962
- Houston Chronicle Publishing Company, Plaintiff-Appellee-Cross v. United States of America, Defendant-Appellant-CrossCourt of Appeals for the Fifth Circuit · 1973
- Commissioner of Internal Revenue v. Seaboard Finance Company, Seaboard Finance Company, Cross v. Commissioner of Internal Revenue, CrossCourt of Appeals for the Ninth Circuit · 1966
- Charles W. Balthrope and Mary v. Balthrope v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1966
- Manhattan Co. of Virginia, Inc. v. CommissionerUnited States Tax Court · 1968
34 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Newark Morning Ledger Co. v. United StatesSupreme Court of the United States · 1993
- Canterbury v. CommissionerUnited States Tax Court · 1992
- Colorado National Bankshares, Inc., and Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1993
- Capital Blue Cross & Subsidiaries v. Comm'rUnited States Tax Court · 2004
- Newark Morning Ledger Co. v. United StatesSupreme Court of the United States · 1993
6 more not listed; retrieve them via the Exa API.