Tax Court Overturns $111 Million Tax Bill

Summary:

The U.S. Tax Court ruled 10-3 that a $111 million tax bill from United Airlines will be overturned. According to the court, the airline was entitled to deduct fringe benefits paid to its pilots and flight attendants in the 1980's.

This ruling will affect the airline industry and other companies whose employee per diem rates are higher than the rate set by the government.

Tax partner, Todd Maynes, represented United Airlines.

The full text of this article can be found in the July 14, 2001 edition of the Contra Costa Times.