PDF Publication Title:
Text from PDF Page: 004
-4 - sections 61 and 162, leaving the applicability of section 274 as the only matter in controversy. Respondent determined income tax deficiencies of $341,631 and $119,558 for petitioner’s 1992 and 1993 tax years, respectively. The deficiency determinations were based on adjustments to deductions involving airplane expenses, net operating loss, environmental tax, alternative minimum tax, and contributions. Petitioner moved for partial summary judgment solely with respect to the disallowance of a portion of its claimed deduction for expenses to operate the aircraft, asking the Court to hold either that section 274 does not apply or, if section 274 applies, that section 274(e)(2) excepts petitioner from the provisions of section 274. If we decide that petitioner is correct with respect to either contention, petitioner’s partial summary judgment motion will be granted. Respondent, in his cross-motion for partial summary judgment, asks the Court to hold that section 274 is applicable and, further, that section 274(e)(2) limits petitioner’s deduction to the value of the benefits received by employees with respect to the vacation flights. Likewise, if respondent’s position is incorrect with respect to either contention, petitioner’s partial summary judgment motion will be granted and respondent’s denied.PDF Image | SUTHERLAND LUMBER-SOUTHWEST
PDF Search Title:
SUTHERLAND LUMBER-SOUTHWESTOriginal File Name Searched:
section29-irs-letter-ruling.pdfDIY PDF Search: Google It | Yahoo | Bing
Capstone Turbine and Microturbine: Capstone microturbines used and new surplus for sale listing More Info
Consulting and Strategy Services: Need help with Capstone Turbine, sizing systems, applications, or renewable energy strategy, we are here to assist More Info
Container Lumber Dry Kiln: Since 1991 developing and innovating dry kilns using standard shipping containers More Info
Supercritical CO2 Lumber Dry Kiln: Compact fast drying in 3 days or less for small amounts of wood and lumber drying More Info
BitCoin Mining: Bitcoin Mining and Cryptocurrency... More Info
Publications: Capstone Turbine publications for microturbine and distributed energy More Info
FileMaker Software for Renewable Energy Developing database software for the renewable energy industry More Info
CO2 Gas to Liquids On-Demand Production Cart Developing a supercritical CO2 to alcohol on-demand production system (via Nafion reverse fuel cell) More Info
Stranded Gas for low cost power Bitcoin Mining Using stranded gas for generators may provide breakthrough low power costs for cryptocurrency miners. More Info
CONTACT TEL: 608-238-6001 Email: greg@globalmicroturbine.com (Standard Web Page)