Legal Opinion
Rca Corporation v. United States
Court of Appeals for the Second Circuit
Decided November 13, 1981No. 1273, Docket 80-6240PublishedCited by 56 opinions
1Opinion of the Court
KEARSE, Circuit Judge:
This appeal requires us to determine whether the Commissioner of Internal Revenue (“Commissioner”) properly exercised his discretion when he rejected as “not clearly reflect[ing] income” within the meaning of § 446(b) of the Internal Revenue Code of 1954 (“I.R.C.”), 26 U.S.C. § 446(b) (1976), the accrual method of accounting used in 1958 and 1959 by plaintiff RCA Corporation (“RCA”) to account for revenues received from the prepayment of fees associated with certain service contracts entered into with purchasers of its products. The United States District Court for the…
2Cases cited16 opinions
- Automobile Club of Mich. v. CommissionerSupreme Court of the United States · 1957
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Thor Power Tool Co. v. CommissionerSupreme Court of the United States · 1979
- Commissioner v. HansenSupreme Court of the United States · 1959
- American Automobile Assn. v. United StatesSupreme Court of the United States · 1961
11 more not listed; retrieve them via the Exa API.
3Cited by56 opinions
- Knight-Ridder Newspapers, Inc. v. United StatesCourt of Appeals for the Eleventh Circuit · 1984
- Prabel v. CommissionerUnited States Tax Court · 1988
- Dana Corporation v. United States, Defendant-CrossCourt of Appeals for the Federal Circuit · 1999
- Ansley-Sheppard-Burgess Co. v. CommissionerUnited States Tax Court · 1995
- American Medical Association, Cross-Appellant v. United States of America, Cross-AppelleeCourt of Appeals for the Seventh Circuit · 1989
51 more not listed; retrieve them via the Exa API.