105 T.C. No. 28
UNITED STATES TAX COURT
LUCKY STORES, INC., AND SUBSIDIARIES, Petitioner v. COMMISSIONER
OF INTERNAL REVENUE, Respondent
Docket No. 4446-93. Filed December 19, 1995.
P made donations of its surplus bread inventory to
food banks which qualified as permissible charitable
donees under sec. 170(e)(3)(A), I.R.C., and claimed
charitable contribution deductions based upon full
retail prices for the bread. R determined the fair
market value to be approximately 50 percent of full
retail prices. Held, fair market value of P's bread
contributions redetermined.
Eric W. Jorgensen, Grady M. Bolding, and Russell D. Uzes,
for petitioner.
Alan Summers and Kevin G. Croke, for respondent.
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