Article
Simon Says: A Liddle Night Music With those Depreciation Deductions, Please
Tax Notes
Document Type
Article
Publication Date
10-30-1995
Keywords
- depreciation,
- Section 168,
- wasting asset,
- utilitarian business use
Disciplines
Abstract
This 1995 article, co-authored with Joseph M. Dodge, explores why the decision in Simon v. Commissioner, 103 T.C. 247 (1994), was wrong, effectively allowing premature deduction of a capital expenditure and, thus, consumption taxation (as opposed to income taxation).
Citation Information
Deborah A. Geier, Simon Says: A Liddle Night Music With those Depreciation Deductions, Please, 69 Tax Notes 617 (October 30, 1995)