More Cases … Income Tax: Utilicorp United

Business Valuation UpdateVol. 3 No. 3
Legal and Court Case Update
March 1997

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4911 Electric Services
221111 Hydroelectric Power Generation
federal taxation
Utilicorp United v. Commissioner
T.C. Memo 1997-47, 1997 Tax Ct. Memo LEXIS 60
January 27, 1997
US
Federal Court
United States Tax Court
David C. Moody (for petitioner) <br>Richard H. Knoll (for respondent)
Halpern

Summary

The IRS determined that Utilicorp improperly included in the depreciable cost of goodwill or going concern value.

See Also

Utilicorp United v. Commissioner

Full Text of Court Cases
January 27, 1997

At issue is whether one member of the affiliated group, Utilicorp, Inc. (UtilCo), improperly included in the depreciable basis of certain property the nondepreciable cost of goodwill or going concern value.