United States Eighth Circuit

Because taxpayers were not farmers, they could not take advantage of exceptions contained within Internal Revenue Code section 453(l)(2)(A), which they believed permitted them to use the installment method of accounting to report proceeds of their S corporation's sales of farm equipment.

Appellate Information

• Decided 03/19/2002
• Published 03/19/2002

Judges

• MAGILL, Circuit Judge., Before WOLLMAN, Chief Judge, JOHN R. GIBSON, and MAGILL, Circuit Judges.

Court

• United States Eighth Circuit

Counsel

• For Appellant:
  
• Reginald S. Kuhn, argued, Lincoln, NE, for appellant.


• For Appellees:
  
• Teresa T. Milton, U.S. Dept. of Justice, Tax Div., argued, Washington, D.C. (Richard Farber, U.S. Dept. of Justice, Tax Div., Washington D.C., on the brief), for appellee.