Search : U.S. Supreme Court : Tax Law : From 10/01/00 To 07/01/01
Number of summaries found: 4
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| Court: | U.S. Supreme Court |
| Topic: | Corporation & Enterprise Law, Tax Law |
| Title: | UNITED DOMINION INDUS., INC. v. US |
| Date: | 06/04/01 |
| Case Number: | 00-157 |
| Summary: | Where groups of affiliated corporations elect to file a consolidated federal income tax return, the group must take deductions as a single-entity and not by aggregating product liability losses separately determined company by company. |
| Court: | U.S. Supreme Court |
| Topic: | Labor & Employment Law, Tax Law |
| Title: | US v. CLEVELAND INDIANS BASEBALL CO. |
| Date: | 04/17/01 |
| Case Number: | 00-203 |
| Summary: | Back wages are subject to FICA and FUTA taxes in the year the wages were actually paid, and not the year that they should have been paid. |
| Court: | U.S. Supreme Court |
| Topic: | Tax Law |
| Title: | DIRECTOR OF REVENUE OF MISSOURI v. COBANK, ACB |
| Date: | 02/20/01 |
| Case Number: | 99-1792 |
| Summary: | While 21 USC 2134 does not contain an express statements that banks for cooperatives are subject to state taxation, nothing in the statute indicates a repeal of the previous express approval of state taxation, and the structure of the Farm Credit Act indicates by negative implication that banks for cooperatives are not entitled to immunity. |
| Court: | U.S. Supreme Court |
| Topic: | Tax Law |
| Title: | GITLITZ v. COMM'R OF INTERNAL REVENUE |
| Date: | 01/09/01 |
| Case Number: | 99-1295 |
| Summary: | 26 USC 108(a) provides only that an insolvent S corporation's discharge of debt ceases to be included in gross income, but does not change the character of the discharge as "an item of income," so taxpayers may thus increase their basis in the shares and deduct suspended losses. |