Legal Opinion
Colorado National Bankshares, Inc., and Subsidiaries v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided January 25, 1993No. 91-9019PublishedCited by 14 opinions
1Opinion of the Court
PAUL KELLY, Jr., Circuit Judge.
Commissioner appeals the decision of the Tax Court redetermining deficiencies in taxes paid by petitioner-appellee Colorado National Bankshares and its subsidiaries for the 1982, 1983 and 1984 tax years. The Commissioner alleges that the Tax Court erred in holding that the taxpayer was entitled to an amortization 1 deduction under I.R.C. § 167 with respect to core deposit intangibles. We affirm.
Background
Taxpayer purchased seven banks in 1981 and 1982. On its 1982, 1983 and 1984 tax returns, taxpayer claimed amortization deductions for the core deposit…
2Cases cited16 opinions
- Massey Motors, Inc. v. United StatesSupreme Court of the United States · 1960
- Burnet v. Niagara Falls Brewing Co.Supreme Court of the United States · 1931
- 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. Maurice L. KillianCourt of Appeals for the Fifth Circuit · 1963
11 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Newark Morning Ledger Co. v. United StatesSupreme Court of the United States · 1993
- Fed. Home Loan Mortg. Corp. v. Comm'rUnited States Tax Court · 2003
- Capital Blue Cross & Subsidiaries v. Comm'rUnited States Tax Court · 2004
- Charles Schwab Corp. v. Comm'rUnited States Tax Court · 2004
- Newark Morning Ledger Co. v. United StatesSupreme Court of the United States · 1993
9 more not listed; retrieve them via the Exa API.