Heilig Meyers Co. v. Internal Revenue Service

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May 9, 2007
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Heilig Meyers Co. v. Internal Revenue Service
2007 U.S. App. LEXIS 11052
US
Federal Court
4th Circuit
United States Court of Appeals
Brian P. Arthur, Brian S. Gleicher, Bruce R. Ellisen, Chuck Rosenberg, Eileen J. O'Connor, Joan Iris Oppenheimer, Michael Brown Quigley
Ernst & Young (debtor/taxpayer); Theodore Barnhill Jr. (IRS)
Wilkinson

Summary

Taxpayer’s fair market valuation of account receivables must "clearly reflect income" under accounting requirements of IRC §446(b).
Heilig Meyers Co. v. Internal Revenue Service
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See Also

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Taxpayer’s fair market valuation of account receivables must “clearly reflect income” under accounting requirements of IRC §446(b).

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