Holding
The court adopted the "one year rule" and payment in this case was fully deductible in the year of payment.
Read more about this topic: Zaninovich V. Commissioner
Famous quotes containing the word holding:
“That big gun in your hand makes you look grown up—you think! I’ll bet you spend hours posing in front of a mirror holding it, trying to look tough!... You scum!”
—Richard Brooks (1912–1992)
“Golf is a fine relief from the tensions of office, but we are a little tired of holding the bag.”
—Adlai Stevenson (1900–1965)
“One more crack from you, bimbo, and you’ll be holding a lily.”
—James Gleason (1886–1959)