Jim Walter Corporation v. United States

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• Five Star “limited to situations where a payment to purchase a capital asset, though capital in nature, is necessary to the taxpayer’s survival.”
• corporation's purchase of outstanding warrants in connection with issuance of stock and bonds treated as a capital transaction

Source: CourtListener parenthetical corpus (CC0).