T.C. Memo. 1999-247
UNITED STATES TAX COURT
EXXON CORPORATION AND AFFILIATED COMPANIES, Petitioners v.
COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket Nos. 18618-89, 18432-90. Filed July 28, 1999.
Robert L. Moore II, Frederick H. Robinson, Lisa F. Opoku,
and Jordan L. Klingsberg, for petitioners.
Allan E. Lang, Christopher Fisher, and Todd Ludeke, for
respondent.
MEMORANDUM FINDINGS OF FACT AND OPINION
SWIFT, Judge: The issue for decision is the proper accrual,
under the all-events test of section 461, of approximately
$900 million in interest expense relating to increases in
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