Issue
Whether, for federal income tax purposes, a taxpayer is entitled to a deduction from gross income under §167(a) of the Code for depreciation on equipment the taxpayer owns and uses in the construction of its own capital facilities, or whether the capitalization provision of §263(a)(1) of the Code bars the deduction
Read more about this topic: Commissioner V. Idaho Power Co.
Famous quotes containing the word issue:
“I find it profoundly symbolic that I am appearing before a committee of fifteen men who will report to a legislative body of one hundred men because of a decision handed down by a court comprised of nine men—on an issue that affects millions of women.... I have the feeling that if men could get pregnant, we wouldn’t be struggling for this legislation. If men could get pregnant, maternity benefits would be as sacrosanct as the G.I. Bill.”
—Letty Cottin Pogrebin (20th century)
“Life’s so short, Katie. You have to make every moment count. It’s not easy to do, you know. I don’t think that a day goes by when I don’t turn my back on some small thing or some issue somewhere. But it’s so short, Katie. If you’re not careful, the days go by and all you have time for is regret.”
—Blake Edwards (b. 1922)
“If the issue doesn’t matter a whole lot, just drop it. You don’t have to win every fight ... and you will not have lost any of your authority by giving in when it doesn’t matter very much.”
—Lawrence Balter (20th century)