§4988

11 cases·2 followed·1 distinguished·8 cited—18% support

Statute Text — 26 U.S.C. §4988

Statute text not available for this section.

11 Citing Cases

Union Texas Petroleum Energy Corporation Successor by Merger to Union Texas Petroleum Corporation, f.k.a. Union Texas Properties Corporation, Petitioners 110 T.C. No. 25 · 1998

gress). It is unreasonable to believe Congress intended to allow taxpayers to compute their NIL differently for percentage depletion purposes and WPT purposes, where Congress explicitly incorporated by reference, the section 613 NIL calculation into section 4988. If taxpayers were able to utilize petitioners' approach they could manipulate their allocation methods under sections 613 and 4988, thereby allowing taxpayers to increase their percentage depletion deductions by excluding certain items

Phillips Petroleum Co. v. Commissioner 104 T.C. 256 · 1995

Union Texas International Corp. v. Commissioner 110 T.C. 321 · 1998

CanadianOxy Offshore Production Co. v. Commissioner 100 T.C. 382 · 1993

Miles Production Co. v. Commissioner 96 T.C. 595 · 1991

Transco Exploration Co. v. Commissioner 95 T.C. 373 · 1990

Natomas North America, Inc. v. Commissioner 90 T.C. 710 · 1988

Shell Oil Co. v. Commissioner 90 T.C. 747 · 1988

Shell Oil Co. v. Commissioner 89 T.C. 371 · 1987

Page v. Commissioner 86 T.C. 1 · 1986

PBBM-Rose Hill, Ltd. v. Comm'r of Internal Revenue 900 F.3d 193 · Cir.

§4988

11 Citing Cases

New cases, delivered.