From our private database of 30,900+ case briefs...
Snow Manufacturing Company v. Commissioner
United States Tax Court
86 T.C. 260 (1986)
Facts
Snow Manufacturing Company (plaintiff) dealt in automobile parts. As early as 1973, Snow Manufacturing developed a need for additional space for manufacturing and storage of parts—a need that became more pronounced as the company grew more profitable. In 1979 and 1980, Snow Manufacturing’s general manager met with several real estate brokers for the purpose of locating suitable property for expansion. The board of directors discussed and approved the purchase of a 30,000-square-foot building, but such property had yet to be found at the time of the meeting. Snow Manufacturing did not pay dividends in any tax year. The Commissioner of Internal Revenue (defendant) assessed an accumulated-earnings tax for 1979 and 1980 in response to perceived deficiencies. Snow Manufacturing challenged the assessment in the United States Tax Court, citing its need for expansion as the reason for its accumulation of earnings.
Rule of Law
Issue
Holding and Reasoning (Gerber, J.)
What to do next…
Here's why 551,000 law students have relied on our case briefs:
- Written by law professors and practitioners, not other law students. 30,900 briefs, keyed to 984 casebooks. Top-notch customer support.
- The right amount of information, includes the facts, issues, rule of law, holding and reasoning, and any concurrences and dissents.
- Access in your classes, works on your mobile and tablet. Massive library of related video lessons and high quality multiple-choice questions.
- Easy to use, uniform format for every case brief. Written in plain English, not in legalese. Our briefs summarize and simplify; they don’t just repeat the court’s language.
