Legal Opinion
Milbrew, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided July 12, 1983No. 82-2692PublishedCited by 34 opinions
1Opinion of the Court
POSNER, Circuit Judge.
The principal question in this appeal from a decision of the Tax Court disallowing deductions for depreciation, interest, and payment of rent is whether the Tax Court’s finding that the sale of a plant was a sham transaction that should be disregarded for federal income tax purposes was clearly erroneous, the standard applicable to such a finding, Thompson v. Commissioner, 631 F.2d 642, 646 (9th Cir.1980).
The case concerns the Bernstein family, which can for our purposes be divided into two groups: the brothers Ace and Marty, and everyone else. The taxpayers call the…
2Cases cited10 opinions
- Detroit Edison Co. v. CommissionerSupreme Court of the United States · 1943
- Narver v. CommissionerUnited States Tax Court · 1980
- Audrey M. Thompson, Florence Ain & Gregory Ain, Dorothy E. Kahan & Robert Kahan, Nana Berman & William Berman v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1980
- In re the Valuation Proceedings under Sections 303(c) & 306Special Court under the Regional Rail Reorganization Act · 1977
- Chicago and North Western Transportation Company v. United States of America and Interstate Commerce CommissionCourt of Appeals for the Seventh Circuit · 1982
5 more not listed; retrieve them via the Exa API.
3Cited by34 opinions
- Rice's Toyota World, Inc. v. CommissionerUnited States Tax Court · 1983
- Afram Export Corporation, a Wisconsin Corporation v. Metallurgiki Halyps, S.A., a Foreign CorporationCourt of Appeals for the Seventh Circuit · 1985
- Louis Buddy Yosha v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1988
- Elliott v. CommissionerUnited States Tax Court · 1985
- Walgreen Company v. Sara Creek Property Company, B v. A/K/A Sara Creek Beta, and Phar-Mor CorporationCourt of Appeals for the Seventh Circuit · 1992
29 more not listed; retrieve them via the Exa API.