Decision
The Court determined that the expenditure was primarily "for the furtherance or promotion of that trade or business" and thus qualified as an ordinary and necessary business expense under U.S.C.S. ยง 162(a) of the Tax Code. This is significant because there is a general rule that one taxpayer cannot deduct expenses that are the obligation of another.
Read more about this topic: Lohrke V. Commissioner
Famous quotes containing the word decision:
“The women of my mother’s generation had, in the main, only one decision to make about their lives: who they would marry. From that, so much else followed: where they would live, in what sort of conditions, whether they would be happy or sad or, so often, a bit of both. There were roles and there were rules.”
—Anna Quindlen (20th century)
“Once the decision has been reached, close your ears even to the best counter-argument: a sign of strong character. Thus an occasional will to stupidity.”
—Friedrich Nietzsche (1844–1900)
“Will mankind never learn that policy is not morality,—that it never secures any moral right, but considers merely what is expedient? chooses the available candidate,—who is invariably the devil,—and what right have his constituents to be surprised, because the devil does not behave like an angel of light? What is wanted is men, not of policy, but of probity,—who recognize a higher law than the Constitution, or the decision of the majority.”
—Henry David Thoreau (1817–1862)