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The Chronicle Telegram in Elyria, Ohio

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jun 19, 1969

Page

4

Partnership wins tax deduction for vending location leases

A vending machine partnership leased bus terminal space via contracts with operators. IRS argued the payments were goodwill, not leases. Tax Court allowed deductions of one third per year, matching a three year lease, as the partnership claimed.

Internal Revenue Service aCtiuracy Fial Tay Los Angeles Times

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William L Raby CPA Broadway Lorain Sheffield Shopping Center South-Shore Center Vermilion Midway Mall Elyria Westberry Bankamericard Louis Cohn China Ensemble Welt Yale Lock & Key Wwe AGRE Kew China ST. Elyria BREAD YALE Quality A Wardro
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