Legal Opinion
Beacon Publishing Company, a Kansas Corporation v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided January 3, 1955No. 4920_1PublishedCited by 68 opinions
1Opinion of the Court
PICKETT, Circuit Judge.
The single question presented by this petition to review a decision of the tax court is whether sums received for prepaid newspaper subscriptions should have been included in the taxpayer’s income for the year in which they were received, or spread over the unexpired subscription periods.
The material facts are not in dispute. The taxpayer kept its books and filed its income tax returns on the accrual basis. It published a daily newspaper in Wichita, Kansas. The present stockholders acquired their stock in 1928 under the terms of an agreement which limited the taxpayer’s…
2Cases cited29 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Commissioner v. South Texas Lumber Co.Supreme Court of the United States · 1948
- North American Oil Consolidated v. BurnetSupreme Court of the United States · 1932
- Brown v. HelveringSupreme Court of the United States · 1934
- Security Flour Mills Co. v. CommissionerSupreme Court of the United States · 1944
24 more not listed; retrieve them via the Exa API.
3Cited by68 opinions
- Automobile Club of Mich. v. CommissionerSupreme Court of the United States · 1957
- American Automobile Assn. v. United StatesSupreme Court of the United States · 1961
- Standard Oil Co. v. CommissionerUnited States Tax Court · 1981
- Automobile Club of New York, Inc. v. CommissionerUnited States Tax Court · 1959
- E. W. Schuessler and Aline Schuessler v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1956
63 more not listed; retrieve them via the Exa API.