Legal Opinion
The Colorado Springs National Bank, a National Banking Association v. United States
Court of Appeals for the Tenth Circuit
Decided November 11, 1974No. 74-1073PublishedCited by 74 opinions
1Opinion of the Court
BREITENSTEIN, Circuit Judge.
This is an action under 26 U.S.C. § 7422 for the refund of federal income taxes. The question is whether certain costs incurred by taxpayer, appellee Colorado Springs National Bank, in its participation in the Master Charge credit card system are deductible as business expenses under 26 U.S.C. § 162(a). Taxpayer had judgment for $13,915.55 plus interest and the United States appeals. We affirm.
I
Taxpayer is a national bank organized and existing under the provisions of Title 12, U.S.C. It was chartered in 1907 and since then has engaged in banking in the Colorado…
2Cases cited16 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- United States v. Philadelphia National BankSupreme Court of the United States · 1963
- Old Colony Railroad v. CommissionerSupreme Court of the United States · 1932
- Matthews v. RodgersSupreme Court of the United States · 1932
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3Cited by74 opinions
- Madison Gas and Electric Company v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1980
- John Jackson, Yvonne Jackson, Gregory M. Barrow and Timsey Barrow, Cross-Appellees v. Commissioner of Internal Revenue, Cross-AppellantCourt of Appeals for the Tenth Circuit · 1989
- Madison Gas & Electric Co. v. CommissionerUnited States Tax Court · 1979
- Alpenglow Botanicals, LLC v. United StatesCourt of Appeals for the Tenth Circuit · 2018
- Goodwin v. CommissionerUnited States Tax Court · 1980
69 more not listed; retrieve them via the Exa API.