- 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