Beaver Bolt v. Commissioner

Full Text of Court Cases
November 20, 1995
5072 Hardware
444130 Hardware Stores
federal taxation

Beaver Bolt v. Commissioner
T.C. Memo 1995-549
Federal Court
United States Tax Court
William E. Holmer (for respondent) Gregory A. Gilbert (for petitioner)


At issue is whether petitioner may amortize $ 383,400, or some other amount, for the ex-vice president of Beaver Bolt's covenant not to compete.

See Also

Tax Court Cites Factors in Noncompete Valuation

The IRS disallowed a depreciation deduction for a covenant not to compete, saying it had no value.