Legal Opinion
Newark Morning Ledger Co. v. United States
District Court, D. New Jersey
Decided April 3, 1990No. Civ. A. 88-4846PublishedCited by 9 opinions
1Opinion of the Court
OPINION
SAROKIN, District Judge.
Introduction
This action involves the issue of whether the acquisition of existing paying subscribers as part of an ongoing group of newspapers warrants a tax deduction for the depreciation and amortization of the value of those subscribers as an asset separate and apart from goodwill.
The parties concede that the issue is a factual one, and that' in order to prevail plaintiff has the burden of proving that as of May 31, 1977, said subscribers had limited useful lives, the duration of which can be estimated with reasonable accuracy, and ascertainable values…
2Cases cited12 opinions
- Burton-Sutton Oil Co. v. CommissionerSupreme Court of the United States · 1946
- Houston Chronicle Publishing Company, Plaintiff-Appellee-Cross v. United States of America, Defendant-Appellant-CrossCourt of Appeals for the Fifth Circuit · 1973
- Winn-Dixie Montgomery, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1971
- Citizens & Southern Corp. v. CommissionerUnited States Tax Court · 1988
- Marsh & McLennan Incorporated v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1969
7 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Newark Morning Ledger Co. v. United StatesSupreme Court of the United States · 1993
- Meredith Corp. v. CommissionerUnited States Tax Court · 1994
- Ithaca Indus. v. CommissionerUnited States Tax Court · 1991
- Newark Morning Ledger Co., as Successor to the Herald Company v. The United States of AmericaCourt of Appeals for the Third Circuit · 1991
- Colorado Nat'l Bankshares, Inc. v. CommissionerUnited States Tax Court · 1990
4 more not listed; retrieve them via the Exa API.