Legal Opinion
James Maddrix and Alice Maddrix v. Commissioner of Internal Revenue
Court of Appeals for the Eleventh Circuit
Decided January 22, 1986No. 85-3173PublishedCited by 19 opinions
1Opinion of the Court
ANDERSON, Circuit Judge:
James Maddrix and Alice Maddrix (“Taxpayer”) 1 appeal from a decision of the Tax Court disallowing, inter alia, certain advanced minimum royalty deductions and determining a $74,069.51 deficiency in their 1977 joint federal income tax return. This case presents a question of first impression concerning the proper application of 26 C.F.R. § 1.612-3(b)(3) (1985), which governs the deductibility of advanced minimum royalties paid or accrued in connection with mineral deposits. We affirm.
I. BACKGROUND
Taxpayer is the owner of an undivided working interest in a mineral…
2Cases cited6 opinions
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- Wing v. CommissionerUnited States Tax Court · 1983
- Paul P. Brountas v. Commissioner of Internal Revenue, Paul P. And Lynn T. Brountas v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1982
- Gibson Products Co. Kell Blvd. v. United StatesCourt of Appeals for the Fifth Circuit · 1981
- Crc Corporation v. Commissioner of Internal Revenue. Crc Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1982
1 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Ferrell v. CommissionerUnited States Tax Court · 1988
- Jimmie J. And Bonnie M. Ward v. Commissioner of Internal Revenue ServiceCourt of Appeals for the Ninth Circuit · 1986
- Jack Brown and Clara Brown v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1986
- Long v. United StatesUnited States Court of Claims · 1986
- T. Ree McCoy Nancy McCoy v. United States of America, (Two Cases)Court of Appeals for the Fourth Circuit · 1986
14 more not listed; retrieve them via the Exa API.