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GONE FISHING! A FISHING TRIP FOLLOWING A SALES MEETING IS NOT TAX DEDUCTIBLE UNDER SECTION 162: TOWNSEND INDUSTRIES V. UNITED STATES.
- Source :
- Tax Lawyer; Summer2003, Vol. 56 Issue 4, p941, 14p
- Publication Year :
- 2003
-
Abstract
- Discusses the ruling of a U.S. federal district court on the case Townsend Industries versus United States which held that a company's expenditures for employee fishing trip were subject to employment tax. Facts of cases; Arguments of the tax payer; Analysis on the arguments of the court in its ruling; Implications of the ruling; Ruling of the U.S. Court of Appeals for the Eight Circuit reversing the decision of the federal district court.
- Subjects :
- LEGAL judgments
INCOME tax
ACTIONS & defenses (Law)
TAXATION
Subjects
Details
- Language :
- English
- ISSN :
- 0040005X
- Volume :
- 56
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Tax Lawyer
- Publication Type :
- Academic Journal
- Accession number :
- 11504419