United States Eighth Circuit
BEALS BROS. MGMT. CORP. v. COMM'R OF INTERNAL REVENUE, 01-3922
Employee stock ownership plans could not be aggregated to meet the minimum participation requirements of 26 U.S.C. section 401(a)(3), in order to qualify for the tax advantages therein.
Appellate Information
- Decided 08/27/2002
- Published 08/27/2002
Judges
- LOKEN, Circuit Judge., Before WOLLMAN, RICHARD S. ARNOLD, and LOKEN, Circuit Judges.
Court
- United States Eighth Circuit
Counsel
- For Appellant:
- Robert C. Thomson, argued, Des Moines, IA, for appellant.
- For Appellees:
- Joel McElvain, Asst. Arty. Gen., USDOJ, Tax Div., argued, Washington, DC (Eileen J. O'Connor, Kenneth L. Green, USDOJ, Tax Div., on the brief) for appellee.