Columbia Iron & Metal Co. v. Commissioner
United States Tax Court
The petitioner, a corporation that reported income in accordance with the accrual method of accounting, made charitable contributions within 2 1/2 months after the close of the taxable year 1969. All the requirements of sec. 170(a)(2), I.R.C. 1954, and sec. 1.170-3(b), Income Tax Regs., which allow the deduction to be claimed in 1969, have been met, except that the copy of the corporate minutes authorizing the contribution and the verified, written declaration of an officer…
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The petitioner, a corporation that reported income in accordance with the accrual method of accounting, made charitable contributions within 2 1/2 months after the close of the taxable year 1969. All the requirements of sec. 170(a)(2), I.R.C. 1954, and sec. 1.170-3(b), Income Tax Regs., which allow the deduction to be claimed in 1969, have been met, except that the copy of the corporate minutes authorizing the contribution and the verified, written declaration of an officer of the corporation were filed subsequent to the filing of the return. Held, the petitioner has substantially complied…
1Opinion of the Court
OPINION
Simpson, Judge:
The respondent determined a deficiency of $28,142.40 in the Federal income tax of the petitioner for the year 1969. The only issue for decision is -whether the petitioner, an accrual method taxpayer, is entitled to a deduction in the year 1969 for certain charitable contributions authorized by its board of directors in such year and actually paid within 2½ months after the close of such year.
This case has been submitted under Rule 80, Tax Court Rules of Practice, and most of the facts have been stipulated.
The petitioner, Columbia Iron & Metal Co., was an Ohio…
2Cases cited6 opinions
- Reaver v. CommissionerUnited States Tax Court · 1964
- Sperapani v. CommissionerUnited States Tax Court · 1964
- Cary v. CommissionerUnited States Tax Court · 1963
- United States v. G. W. Van Keppel and Elizabeth Van KeppelCourt of Appeals for the Tenth Circuit · 1963
- Van Keppel v. United StatesDistrict Court, D. Kansas · 1962
1 more not listed; retrieve them via the Exa API.
3Cited by57 opinions
- Bond v. CommissionerUnited States Tax Court · 1993
- Knight-Ridder Newspapers, Inc. v. United StatesCourt of Appeals for the Eleventh Circuit · 1984
- Taylor v. CommissionerUnited States Tax Court · 1977
- Haft Trust v. CommissionerUnited States Tax Court · 1974
- Hewitt v. Comm'rUnited States Tax Court · 1997
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