112 T.C. No. 19
UNITED STATES TAX COURT
GENERAL MOTORS CORPORATION AND SUBSIDIARIES, Petitioner
v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Docket No. 27026-96. Filed May 25, 1999.
GM and GMAC are members of a consolidated group.
GM manufactured motor vehicles. GMAC financed motor
vehicles.
Held: The consolidated return regulations in
issue constituted a method of reporting and not a
method of accounting. Henry C. Beck Co. v.
Commissioner, 52 T.C. 1 (1969), affd. per curiam 433
F.2d 309 (5th Cir. 1970), and Henry C. Beck Builders,
Inc. v. Commissioner, 41 T.C. 616 (1964), followed.
Held, further, GM's rate support deductions are
not subject to deferral pursuant to sec. 1.1502-
13(b)(2), Income Tax Regs.
Raymond P. Wexler, Todd F. Maynes, and William R. Welke, for
petitioner.
Nancy B. Herbert and John A. Guarnieri, for respondent.
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