A Split in The Courts
Grynberg illustrates only one of two tests that courts apply to determine if a current deduction is proper when a business prepays certain expenses. The Ninth Circuit Court of Appeals applied a different test in Zaninovich v. Commissioner, 616 F.2d 429 (1980). Thus, cases that are appealable to the Ninth Circuit apply the Zaninovich approach, and not the Grynberg approach
Read more about this topic: Grynberg V. Commissioner
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