The Tax Court in Brief – April 2021

The Week of April 26 – April thirty, 2021 – Plentywood Drug, Inc. | April 26, 2021 | Holmes| Dkt. No. 17753-sixteen – Quick Summary: The Tax Court was questioned to determine whether or not lease paid by the Taxpayer was acceptable. The Taxpayer was owned by four similar individuals (the “Shareholders”). The Shareholders owned the making wherever the the Taxpayer was working. The Taxpayer paid lease of $83,584, $192,000, and $192,000 for 2011, 2012 and 2013, respectively….
By: Freeman Legislation