Udolpho Wolfe Co. v. Commissioner
United States Board of Tax Appeals
1. Court costs and attorneys' fees assessed against the petitioner by a court of equity in the circumstances herein held to be deductible from gross income in 1920 as ordinary and necessary business expenses incurred and paid in such year. 2. Attorneys' fees incurred in connection with the reincorporation of the petitioner are not deductible from gross income as ordinary and necessary expense in 1923.
1Opinion of the Court
UDOLPHO WOLFE CO., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.
Udolpho Wolfe Co. v. Commissioner
Docket No. 16010.
United States Board of Tax Appeals
15 B.T.A. 485; 1929 BTA LEXIS 2847;
February 19, 1929, Promulgated
1. Court costs and attorneys' fees assessed against the petitioner by a court of equity in the circumstances herein held to be deductible from gross income in 1920 as ordinary and necessary business expenses incurred and paid in such year.
2. Attorneys' fees incurred in connection with the reincorporation of the petitioner are not deductible from gross income as…
2Cases cited8 opinions
- Kornhauser v. United StatesSupreme Court of the United States · 1928
- Emerson Electric Mfg. Co. v. CommissionerUnited States Board of Tax Appeals · 1926
- Appeal of First National Bank of St. LouisUnited States Board of Tax Appeals · 1926
- F. Meyer & Bro. Co. v. CommissionerUnited States Board of Tax Appeals · 1926
- Burrill v. GarstSupreme Court of Rhode Island · 1895
3 more not listed; retrieve them via the Exa API.