LexisNexis® Legal Newsroom
Robinson Knife Mfg. Co. v. Comm'r, 600 F.3d 121 (2d Cir. 2010)

Robinson Knife Mfg. Co. v. Comm'r, 600 F.3d 121 (2d Cir. 2010) held that, where a producer's royalty payments (1) are calculated as a percentage of sales revenue from inventory and (2) are incurred only upon the sale of that inventory, they are immediately deductible as a matter of law because...