Legal Opinion
Edwin's, Inc. v. United States
Court of Appeals for the Seventh Circuit
Decided September 4, 1974No. 73-1262PublishedCited by 38 opinions
1Opinion of the Court
PELL, Circuit Judge.
This is an appeal by the United States of America from the district court’s decision that the amount of compensation paid by the taxpayer corporation to certain employees was “reasonable compensation” and, therefore, fully deductible from taxable income.
The taxpayer, Edwin’s Incorporated, is a women’s specialty store in Eau Claire, Wisconsin. Edwin and Rose Marcus originally purchased the store in 1950 and operated it as a partnership for five years. In 1955, the partnership assets were turned over to the taxpayer corporation, with Edwin and Rose each taking 50% of the…
2Cases cited4 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Hammond Lead Products, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1970
- Charles E. Smith & Sons Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1950
- Leonard J. Ruck, Inc. v. CommissionerUnited States Tax Court · 1969
3Cited by38 opinions
- Keller v. CommissionerUnited States Tax Court · 1981
- Exacto Spring Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1999
- Marcus v. MarcusSupreme Court of Connecticut · 1978
- Foil v. CommissionerUnited States Tax Court · 1989
- Bianchi v. CommissionerUnited States Tax Court · 1976
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