Deductibility of loan fees in light of conflicting judicial opinions.: An article from: The Tax Adviser

by Anthony R. Castellanos, Joseph E. Carney

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This digital document is an article from The Tax Adviser, published by American Institute of CPA's on July 1, 1995. The length of the article is 931 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The Tax Court and the US Court of Appeals for the Ninth Circuit have reach contrary conclusions on the tax treatment of expenses incurred to obtain financing in stock redemption transactions. The Tax Court ruled in Fort Howard Corp. that expenses such as loan fees are not deductible under IRC section 162(k). The Ninth Circuit ruled in Kroy (Europe) Ltd. that loan fees met the 'origin of the claim' test and therefore could be amortized and deducted.

Citation Details
Title: Deductibility of loan fees in light of conflicting judicial opinions.
Author: Anthony R. Castellanos
Publication: The Tax Adviser (Magazine/Journal)
Date: July 1, 1995
Publisher: American Institute of CPA's
Volume: 26 Issue: n7 Page: 400(2)

Distributed by Thomson Gale

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