Explore BrainMass
Share

Taxation Case Brief

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

The case is THOR POWER TOOL CO. v. COMMISSIONER, 439 U.S. 522 (1979) I included the format & list of doctrines. I would appreciate any help. I am just not experienced in this area and need an example to look over.

© BrainMass Inc. brainmass.com October 16, 2018, 7:29 pm ad1c9bdddf
https://brainmass.com/business/finance/taxation-case-brief-117444

Attachments

Solution Preview

FACTS: Suggestions:
The commissioner of Internal revenue claimed that income tax had been paid less to the extent of $494,044.99 during 1963 and $59.286.48 during 1965. The commissioner had disallowed an inventory write down and an increase to Thor Power Tool Company's bad-debt reserve account. TPTC had used the lower of cost or market method for inventory valuation and had kep a reserve for bad debts. In addition, TPTC had kept its accounts on accrual basis.
TPTC filed a suit in the US Tax Court which confirmed the decision of the Commissioner. Subsequent appeal to the US Court of appeal with ...

Solution Summary

This explanation provides you a comprehensive argument relating to Taxation Case Brief

$2.19
Similar Posting

Japan - Taxes on Alcoholic Beverages Case Brief

Hello, can you please help me get going on this one? Thank you.

Read the Japan - Taxes on Alcoholic Beverages case.
Prepare a case brief.

For case brief references follow: http://www.4lawschool.com/howto.htm

Case info can be found at: http://www.kcl.ac.uk/depsta/law/students/grad/llm/study/wto/03_04/japan_alcohol.pdf

Thank you!

View Full Posting Details