W. D. Gale, Inc. v. Commissioner of Internal Revenue, Joseph A. Schoenith and Mildred A. Schoenith v. Commissioner of Internal Revenue

How courts have described this case

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

• concluding that a corporate taxpayer could not deduct costs of a powerboat that bore the corporation's name and competed in races, because racing was primarily a hobby of the principal shareholder

Source: CourtListener parenthetical corpus (CC0).