United States v. Generes

How courts have described this case

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

• holding that a taxpayer's trade or business must be the \dominant motivation\ for a loan
• stating that to qualify for the business bad debt deduction the taxpayer's trade or business must be the dominant motivation for making the guaranties
• stating that “corporation has a personality separate from its shareholders and ... its business is not necessarily their business”
• finding that the witness' testimony, standing alone, did not \bear the light of analysis\
• considering the ratio of salary to debt amount a significant factor to find business purpose for an employee loan
• discussing the consistency of the meaning of “trade or business” across sections 162, 166, and 165

Source: CourtListener parenthetical corpus (CC0).

Other cases named United States v. Generes

2 other CourtListener records share this case name.

• United States v. Generes
  Supreme Court· 1972-03-27· cited 2×
• United States v. Generes
  Supreme Court· 1971-03-22