117 T.C. No. 13
UNITED STATES TAX COURT
INTERMET CORPORATION & SUBSIDIARIES, Petitioner v.
COMMISSIONER OF INTERNAL REVENUE, Respondent*
Docket No. 8246-97. Filed October 2, 2001.
In Intermet Corp. & Subs. v. Commissioner, 209
F.3d 901 (6th Cir. 2000), revg. and remanding 111 T.C.
294 (1998), the Court of Appeals remanded this case to
the Court to determine whether amounts that P paid to
satisfy its State tax liabilities and interest on
Federal and State tax liabilities, qualify as
“specified liability losses” within the meaning of sec.
172(f)(1)(B), I.R.C.
Held: P’s State tax liabilities and interest on
Federal and State tax liabilities qualify as “specified
liability losses” within the meaning of sec.
172(f)(1)(B), I.R.C.
*This opinion supplements Intermet Corp. & Subs. v. Commissioner,
111 T.C. 294 (1998), revd. and remanded 209 F.3d 901 (6th Cir.
2000).
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