Legal Opinion
Bill L. and Patricia M. Spencer v. Commissioner
United States Tax Court
Decided February 9, 1998No. 16338-95, 22465-95Unknown
1Opinion of the Court
110 T.C. No. 7
UNITED STATES TAX COURT BILL L. AND PATRICIA M. SPENCER, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent JOSEPH T. AND SHERYL S. SCHROEDER, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket Nos. 16338-95, 22465-95. Filed February 9, 1998. Held, inter alia, upon redetermination of the original amortizable bases of property owned by P's S corporations, amortization must be calculated using the bases of the property as reduced by previously allowed amortization deductions. Oliver C. Murray, Jr., and Stephen S. Ritchey, for petitioners. Bonnie L.…
2Cases cited32 opinions
- Jack E. Golsen and Sylvia H. Golsen v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1971
- Higgins v. SmithSupreme Court of the United States · 1940
- Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1929
- Wichita Term. El. Co. v. Commissioner of Int. R.Court of Appeals for the Tenth Circuit · 1947
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
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