Legal Opinion
Rlc Industries Co. And Subsidiaries, Successor to Roseburg Lumber Co. And Subsidiaries v. Commissioner of Internal Revenue Service
Court of Appeals for the Ninth Circuit
Decided June 19, 1995No. 92-70718PublishedCited by 23 opinions
1Opinion of the Court
WILLIAM A. NORRIS, Circuit Judge:
Section 611(a) of the Internal Revenue Code (I.R.C.) provides:
In the case of ... timber, there shall be allowed as a deduction in computing taxable income a reasonable allowance for depletion ..., according to the peculiar conditions in each case; such reasonable allowance in all cases to be made under regulations prescribed by the Secretary.
I.R.C. § 611(a). For purposes of calculating the depletion allowance, the regulations require grouping the taxpayer’s timber into accounting units called “blocks.” See Treas. Reg. § 1.611-8(d). Generally, the depletion…
2Cases cited17 opinions
- Udall v. TallmanSupreme Court of the United States · 1965
- Bowles v. Seminole Rock & Sand Co.Supreme Court of the United States · 1945
- Thomas Jefferson University v. ShalalaSupreme Court of the United States · 1994
- K Mart Corp. v. Cartier, Inc.Supreme Court of the United States · 1988
- Ford Motor Credit Co. v. MilhollinSupreme Court of the United States · 1980
12 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- Bank One Corp. v. Comm'rUnited States Tax Court · 2003
- PROVIDENCE YAKIMA MEDICAL CENTER v. SebeliusCourt of Appeals for the Ninth Circuit · 2010
- Milk Industry Foundation v. GlickmanDistrict Court, District of Columbia · 1996
- Hospital Corp. of Am. v. CommissionerUnited States Tax Court · 1996
- Golden Gate Litho v. CommissionerUnited States Tax Court · 1998
18 more not listed; retrieve them via the Exa API.