1. Home
  2. Browse Decisions
  3. T.C.
  4. 85 T.C.
  5. 85 T.C. 114 (1985)
 

BUDGET FILMS, INC. v. COMMISSIONER

Docket No. 7342-81.

85 T.C. 114 (1985)

BUDGET FILMS, INC., A CALIFORNIA CORPORATION, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed July 29, 1985.

Attorney(s) appearing for the Case

Marcus Kalb, for the petitioner.

Karen J. Simonson, for the respondent.

WILBUR, Judge:

Respondent determined deficiencies of $5,949 in petitioner's Federal income taxes for the taxable year ended April 30, 1977, and of $9,240 for the taxable year ended April 30, 1978.

After concessions by both parties, the issue for decision is whether petitioner is entitled to claim the investment tax credit under section 48(k)1 with respect to various motion picture films. Specifically, we must address the...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases