Legal Opinion
Five Lakes Outing Club v. United States
Court of Appeals for the Eighth Circuit
Decided December 8, 1972No. 71-1746PublishedCited by 21 opinions
1Opinion of the Court
MATTHES, Chief Judge.
The sole issue presented for determination in this case is whether the expenses incurred by a social club in operating its recreational programs at a loss are “ordinary and necessary expenses” of carrying on a “trade or business” and are therefore deductible under 26 U.S.C. § 162(a) from the profits accruing to the club from its nonrecreational, profit-making endeavors.
Plaintiff-appellee Five Lakes Outing Club is an unincorporated, nonprofit association organized in 1901 under the laws of Arkansas to operate a game preserve and related activities for its mem bers. In…
2Cases cited11 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- International Trading Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1960
- Adirondack League Club v. CommissionerUnited States Tax Court · 1971
- Anaheim Union Water Company v. Commissioner of Internal Revenue, Santa Ana River Development Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1963
- Mel Dar Corporation, a Corporation v. Commissioner of Internal Revenue, Coy Burnett and Mildred K. Burnett v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1962
6 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- The Brook, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1986
- Iowa State University of Science & Technology v. United StatesUnited States Court of Claims · 1974
- Farm Service Cooperative v. CommissionerUnited States Tax Court · 1978
- Gerald W. Frank v. United StatesCourt of Appeals for the Ninth Circuit · 1978
- Ye Mystic Krewe of Gasparilla v. CommissionerUnited States Tax Court · 1983
16 more not listed; retrieve them via the Exa API.