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)
“Parents are led to believe that they must be consistent, that is, always respond to the same issue the same way. Consistency is good up to a point but your child also needs to understand context and subtlety . . . much of adult life is governed by context: what is appropriate in one setting is not appropriate in another; the way something is said may be more important than what is said. . . .”
—Stanley I. Greenspan (20th century)
“Your child...may not call you or other people names.... Don’t be tempted to gloss over this issue. You may be able to talk to yourself into not minding being called names, but this decision may come back to haunt you in later years. If you let a preschooler speak disrespectfully to you now, you’ll have a much harder time of it when your child is a preteen and the issue resurfaces, which it is likely to do then.”
—Lawrence Balter (20th century)