U.S. Court of Appeals for the Ninth Circuit, 1998

The Charles Schwab Corporation and Includable Subsidiaries v. Commissioner of Internal Revenue

U.S. Court of Appeals for the Ninth Circuit · Decided December 9, 1998

161 F.3d 1231; 98 Cal. Daily Op. Serv. 8958; 98 Daily Journal DAR 12549; 82 A.F.T.R.2d (RIA) 7364; 1998 U.S. App. LEXIS 30868 (Federal Reporter, Third Series)

Opinion

161 F.3d 1231

82 A.F.T.R.2d 98-7364, 99-1 USTC P 50,109,
98 Cal. Daily Op. Serv. 8958,
98 Daily Journal D.A.R. 12,549

The CHARLES SCHWAB CORPORATION and Includable Subsidiaries,
Petitioner-Appellant,
v.
COMMISSIONER OF INTERNAL REVENUE, Respondent-Appellee.

No. 97-70917.

United States Court of Appeals,
Ninth Circuit.

Argued and Submitted Nov. 5, 1998.
Decided Dec. 9, 1998.

Glen A. Smith, Heller, Ehrman, White & McAuliffe, San Francisco, California, for the petitioner-appellant.

Paula K. Speck, United States Department of Justice, Washington, DC, for the respondent-appellee.

Appeal from a Decision of the United States Tax Court Robert P. Ruwe, Tax Court Judge, Presiding. Tax Ct. No. 1271-92.

Before: ALARCON, O'SCANNLAIN and FERNANDEZ, Circuit Judges.

ORDER

We adopt the reasoning of the Tax Court in Charles Schwab Corp. v. Commissioner of Internal Revenue, 107 T.C. 282, 1996 WL 659390 (1996), and AFFIRM its opinion.

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