Legal Opinion
Varied Investments, Inc. v. United States
Court of Appeals for the Eighth Circuit
Decided August 2, 1994No. 93-3712PublishedCited by 5 opinions
1Opinion of the Court
HEANEY, Senior Circuit Judge.
Varied Investments, Inc., (“Varied”) appeals the denial of its claim for a tax refund of $4,980,949.62 it paid as a deficiency assessment arising from the Internal Revenue Service’s disallowance of a deduction it took under 26 U.S.C. § 461(f). Varied argued that it satisfied the requirements of section 416(f) and therefore was entitled to the deduction. We agree and reverse the judgment of the district court.
This action has its origins in a 1982 lawsuit brought by Farm Fuel Products Corporation (“Farm Fuel”) against Varied 1 and other parties over a contract…
2Cases cited7 opinions
- Poirier & McLane Corporation v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1976
- Charles Baloian Co. v. CommissionerUnited States Tax Court · 1977
- Stuart A. Rafos v. Outboard Marine CorporationCourt of Appeals for the Eighth Circuit · 1993
- Electric Tachometer Corp. v. CommissionerUnited States Tax Court · 1961
- Chem Aero, Inc., a California Corporation v. United StatesCourt of Appeals for the Ninth Circuit · 1982
2 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Marshall M. Chernin Ida Raye Chernin, Cross-Appellants/appellees v. United States of America, Appellant/cross-AppelleeCourt of Appeals for the Eighth Circuit · 1998
- Goodrich Corp. v. United StatesDistrict Court, W.D. North Carolina · 2012
- Edison Bros. Stores v. CommissionerUnited States Tax Court · 1995
- Internal Revenue Service v. Highlanders Alloys, LLC (In re Highlanders Alloys, LLC)District Court, S.D. West Virginia · 2014
- Marshall Chernin v. United StatesCourt of Appeals for the Eighth Circuit · 1998