- 7 - C. The Atrium Assets: Loss Deduction Under Section 165(a).................................51 D. The 1988 Atrium Transaction: Disavowal of Form.......52 1. Issue............................................52 2. Arguments of the Parties.........................52 3. Analysis.........................................53 a. Introduction.................................53 b. The Danielson Rule Does Not Apply............54 c. Respondent’s Weinert Rule....................55 d. Estate of Durkin v. Commissioner.............58 e. Petitioner May Not Disavow the Form of the 1988 Atrium Transaction......................59 4. Conclusion.......................................62 III. Corporate Minimum Tax Issue...............................62 A. Introduction.........................................62 B. The Corporate Minimum Tax Provisions.................63 C. The Two Methods......................................64 1. UBC's Method.....................................64 2. Petitioner's Method..............................64 D. Analysis.............................................67 1. Issue............................................67 2. Arguments of the Parties.........................67 3. Discussion.......................................69 E. Conclusion...........................................75 IV. Furniture and Fixtures Recovery Period Issue.............75 A. Introduction.........................................75 B. Applicable Recovery Period; Class Life...............78 C. Arguments of the Parties.............................80 D. Discussion...........................................81 E. Conclusion...........................................87 V. Net Operating Loss Issue.................................87 A. Introduction.........................................87 B. Facts................................................89 C. Petitioner’s Position................................93 D. Discussion...........................................94 E. Conclusion...........................................97 I. Background On the date that the petition in each of these cases was filed, Norwest’s principal place of business was in Minneapolis, Minnesota. Norwest is a bank holding company whose affiliates provide banking and other financial services.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011