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:
“An Englishman’s never so natural as when he’s holding his tongue.”
—Henry James (1843–1916)
“The child hand raised to reach the holding hand. Hold the old holding hand. Hold and be held.”
—Samuel Beckett (1906–1989)
“The best part of myself, that’s what you are. Do you think I’m going to leave it to the vulgar pawing of a second-rate detective who thinks you’re a “dame”? Do you think I could bear the thought of him holding you in his arms, kissing you, loving you?”
—Jay Dratler, U.S. screenwriter, Samuel Hoffenstein (1889–1947)