Third Circuit holds that advance payments of trade discounts are income on receipt.(Karns Prime & Fancy Food Ltd. v. Internal Revenue Service): An article from: The Tax Adviser

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Citation Details
Title: Third Circuit holds that advance payments of trade discounts are income on receipt.(Karns Prime & Fancy Food Ltd. v. Internal Revenue Service)
Author: James Beavers
Publication:The Tax Adviser (Magazine/Journal)
Date: November 1, 2007
Publisher: Thomson Gale
Volume: 38 Issue: 11 Page: 697(2)

Distributed by Thomson Gale