United States Tenth Circuit
CONSOL. MFG., INC. v. COMM'R OF INTERNAL REVENUE, 98-9027
Under Treas. Regs. 1.472-1(c) and (j), labor, overhead, and the new parts alone do not constitute "goods... properly subject to inventory" to permit Last In, First Out accounting.
Appellate Information
- Decided 05/08/2001
- Published 05/08/2001
Judges
- EBEL, Circuit Judge., Before TACHA, Chief Judge, SEYMOUR and EBEL, Circuit Judges.
Court
- United States Tenth Circuit
Counsel
- For Appellant:
- Eric S. Namee (James Scott MacBeth with him on the briefs), of Hinkle Elkouri Law Firm, Wichita, KS, for Petitioners-Appellants.
- For Appellees:
- Charles Bricken (Jonathan S. Cohen with him on the brief), Attorneys, Tax Division, Department of Justice, Washington, DC, for Respondent-Appellee.