Doug-Long, Inc. v. Commissioner
United States Tax Court
Prior to issuing the statutory notice, respondent notified petitioner of proposed deficiencies in its income tax and accumulated earnings tax for 1974. Petitioner protested a portion of the income tax deficiency and the entire accumulated earnings tax deficiency to the District Director.
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Prior to issuing the statutory notice, respondent notified petitioner of proposed deficiencies in its income tax and accumulated earnings tax for 1974. Petitioner protested a portion of the income tax deficiency and the entire accumulated earnings tax deficiency to the District Director. Petitioner subsequently conceded the entire income tax deficiency, and in a prior opinion (72 T.C. 158), we held that petitioner was liable for accumulated earnings tax for 1974. Held: In calculating petitioner's "accumulated taxable income" for 1974, the portion of the income tax deficiency which was…
1Opinion of the Court
Doug-Long, Inc., Petitioner v. Commissioner of Internal Revenue, Respondent
Doug-Long, Inc. v. Commissioner
Docket No. 11051-76
United States Tax Court
73 T.C. 71; 1979 U.S. Tax Ct. LEXIS 41;
October 11, 1979, Filed
Prior to issuing the statutory notice, respondent notified petitioner of proposed deficiencies in its income tax and accumulated earnings tax for 1974. Petitioner protested a portion of the income tax deficiency and the entire accumulated earnings tax deficiency to the District Director. Petitioner subsequently conceded the entire income tax deficiency, and in a prior opinion (72 T.C.…
2Cases cited12 opinions
- Commissioner v. South Texas Lumber Co.Supreme Court of the United States · 1948
- United States v. CorrellSupreme Court of the United States · 1967
- Dixie Pine Products Co. v. CommissionerSupreme Court of the United States · 1944
- National Carbide Corp. v. CommissionerSupreme Court of the United States · 1949
- Great Island Holding Corp. v. CommissionerUnited States Tax Court · 1945
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