Sale of Nonprofit Facility Results in Inurement to Buyers; Court Refuses to Receive IRS Expert's Report in Evidence
According to the court, "The primary issue for decision is whether petitioner's tax-exempt status should be revoked."
Anclote Psychiatric Center v. Commissioner (II)
The primary issue is whether petitioner's tax-exempt status should be revoked, and whether the sale of its hospital in May 1983 was for less than fair market value.
Anclote Psychiatric Center, Inc. v. Commissioner (I)
One issue is whether Petitioner is entitled to summary judgment on the issue of whether certain payments are deductible as ordinary and necessary business expenses.