Tax

LIBERTY MACHINE WORKS, INC., Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Appellee

518 F.2d 554·United States Court of Appeals for the Eighth Circuit·1975

Before JONES, Senior Circuit Judge, HEANEY and BRIGHT, Circuit Judges.

Brief incoming

Hand-reviewed Bluebook brief (procedural posture, facts, issue, holding, reasoning, dissent) ships once the AI generation pipeline runs through this case. Join the waitlist to get notified when 1L briefs go live.

Opinion

LIBERTY MACHINE WORKS, INC., Appellant, v. COMMISSIONER OF INTERNAL REVENUE, Appellee. No. 74-1901. United States Court of Appeals, Eighth Circuit. Submitted April 17, 1975. Decided July 24, 1975. Urban C. Bergbauer, St. Louis, for appellant. George G. Wolf, Atty., Tax Div., U. S. Dept, of Justice, Washington, D. C., for appellee. Before JONES, Senior Circuit Judge, HEANEY and BRIGHT, Circuit Judges. The Honorable Warren L. Jones, United States Court of Appeals for the Fifth Circuit, sitting by designation. [MAJORITY — PER CURIAM:] PER CURIAM: Liberty Machine Works, Inc. seeks review of an adverse decision of the Tax Court in which tax deductions were denied with respect to a profit-sharing plan for its salaried and clerical employees. The facts which presented the issue and the reason for the determination by the Tax Court are set forth in its opinion. 62 T.C. 621. The decision of the Tax Court is correct and its judgment is Affirmed.