United States Fourth Circuit

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Route 231, LLC v. Commissioner, 14-1983

In a tax action, the Tax Court's determination that $3.816 million constituted gross income instead of a capital contribution is affirmed where: 1) the money constitutes income received from a tax credit sale; and 2) plaintiff was obligated to report the amount on its 2005 federal tax form under the accrual method of accounting.

Appellate Information

  • Decided
  • Published 2016/01/08

Judges

  • AGEE

Court

  • United States Fourth Circuit

Counsel

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