§87 — Alcohol and biodiesel fuels credits
33 cases·1 followed·32 cited—3% support
Statute Text — 26 U.S.C. §87
Gross income includes—
the amount of the alcohol fuel credit determined with respect to the taxpayer for the taxable year under section 40(a),
the biodiesel fuels credit determined with respect to the taxpayer for the taxable year under section 40A(a), and
the sustainable aviation fuel credit determined with respect to the taxpayer for the taxable year under section 40B(a).
33 Citing Cases
trade or business and is taxable under I.R.C. sec. 871(a) .
is supported by consideration, absent facts suggesting that no such consideration was actually given or expected.” Moscowitz v. Theory Ent. LLC, C.A. No. 2019-0780, 2020 WL 6304899, at *12 (Del. Ch. Oct. 28, 2020); Restatement (Second) of Contracts § 87 cmt. c (Am. L. Inst. 1981); see also TA Operating LLC v. Comdata, Inc., C.A. No. 12954, 2017 WL 3981138, at *23 (Del. Ch. Sept. 11, 2017). “Delaware law does not ‘assume[] that parties to a contract must explicitly detail the precise consideratio
section 4081(c) for fuels sold or used before December 31, 2004, using taxable fuels mixed with alcohol under regulations prescribed by the Secretary or (2) an income tax credit under section 40, which would then be includible in gross income under section 87. An alcohol fuel blender taking advantage of the reduced excise tax rate under section 4081(c) incurred fuel excise tax liability at the lower rate when it broke bulk—that is, removed a taxable fuel that it owned as a position holder from a
87,004 87,004 87,004 benefits Sec. 86(a)(1)(A) 50%Soc. 43,502 50%Soc. 43,502 Sec.benefits Sec. benefits Sec. 86(b)(1)(A) 60,266 60,266 Sec. 86(c)(1)(B) Baseamount 32,000 Sec.86(c)(2)(B) Adjusted 44,000 base amount Excessdescribed 28,266 insec.86(b)(1) Sec. 86(a)(1) includethe lesserof: Sec. 86(a)(1)(A) 50%Soc. 43,502 Sec. 86(a)(1)(B) Sec.benef
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners' argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part
87.060 (Michie 1999 & Supp. 2001). It is obvious by definition that a partnership comprises of its partners. However, no conclusion can be drawn from this fact alone that a theft from the partners is a theft from the partnerships. Petitioners’ argument that the partnerships were defrauded because the partnerships are aggregates of all the part