|
Artnell v. Commissioner (1988) (6527 words) |
 | Relying upon Automobile Club of Michigan * * *, the Court rejected the taxpayer's system as artificial since the advance payments related to services which were to be performed only upon customers' demands without relation to fixed dates in the future. |
| In Automobile Club of Michigan, the Supreme Court distinguished Beacon, on its facts, because "performance of the subscription, in most instances, was, in part, necessarily deferred until the publication dates after the tax year." The Court, however, expressed no opinion upon the correctness of Beacon. |
| It is clear to us that the use of the same accounting method for many years, or the fact that such a method is otherwise sound accounting, is not a reason to hold that the respondent abused his discretion in finding that such a method did not clearly reflect income for tax purposes. |
| History of Icebiking (302 words) |
| Winter cycling was hot (figuratively and literally) and heavy (probably much heavier) in the early days of bicycles, before the popularization of the automobile. |
| The arrival of the bicycles lead to the demand for roads, and today's modern road system is the result of the demands of "wheelmen". |
| All this happened before the automobile was available to any but the rich. |
Feeds |
Contact