Court Opinion

ID: 9456913
Source: CourtListenerOpinion
Date Created: 2023-08-04 20:05:47.753506+00
Date Added: 2024-06-11T17:35:08.506691
License: Public Domain

HASTIE, Chief Judge
(concurring).
The Tax Court found that it was probable and was reasonably anticipated by the parties that the sums the taxpayer irretrievably committed to the Supplemental Unemployment Benefit Fund during the taxable years would have to be paid out within a relatively short time that could be estimated approximately. That finding makes it unnecessary to decide whether sums committed to such a fund as this are then immediately deductible as an accrued business expense if the time of future disbursement is entirely speculative and is as likely to occur decades hence as in the near future. Yet the opinion of the Court seems broad enough to cover that situation. I *1136prefer not to express any opinion whether an immediate deduction would have been allowable in such a case.
With this reservation, I concur in the affirmance of the Tax Court’s decision.