United States Federal Circuit

In the government's appeal of the court of federal claims' ruling that plaintiffs were legally authorized to deduct policyholder dividends from their 1995, 1996 and 1997 tax returns in the year before the dividends were actually paid, the judgment is affirmed where because plaintiffs' policyholder dividends were fixed in the year the dividends were announced, the dividends in question are premium adjustments, and premium adjustments are rebates, thereby satisfying the recurring item exception.

Appellate Information

• Decided 04/09/2015
• Published 04/09/2015

Judges

• O'Malley

Court

• United States Federal Circuit

Counsel