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NOTES 941 Tax Lawyer, Vol. 56, No. 4 NOTE GONE FISHING! A FISHING TRIP FOLLOWING A SALES MEETING IS NOT TAX DEDUCTIBLE UNDER SECTION 162: TOWNSEND INDUSTRIES V. UNITED STATES [Editors’ note: The Eighth Circuit reversed the district court in this case as The Tax Lawyer was going to press. Townsend Industries, Inc. v. United States, 2003 U.S. App. LEXIS 19055 (2003).] In Townsend Industries v. United States,1 a federal district court held that a company’s expenditures for employee fishing trips...

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