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However, prior case law, in certain circumstances, has held that solvency is a determining factor in whether a taxpayer can deduct accrued interest.
Following the sale, Catalano deducted the accrued interest plus $46,412 in bankruptcy fees.
5 plus 1/4 of 1% of the principal amounts for each 12-month period from the date of redemption to the maturity date for the bonds plus accrued interest.
095% of the par value of the term assets plus one day of accrued interest.
On his 1993 and 1994 returns, G claimed a deduction for accrued interest relating to the note and a net operating loss carryover.
5 plus 1/4 of 1% of the principal amounts for each year from the date of redemption to the maturity date for the bonds plus accrued interest.
511285 accrued interest to the Redemption Date per Class A Certificate and the Class B Certificates will be redeemed in full by payment of $1.
1999) allowed a cash-method taxpayer to deduct accrued interest paid before its payment date.
A taxpayer who chooses to defer the accrued interest does not recognize the entire interest amount until the bonds mature, are redeemed or otherwise transferred in a taxable transaction.
The series 2000 serial and term bonds maturing on and after June 1, 2011 will be redeemed on June 1, 2010 at par plus accrued interest.
Of that outstanding, $10 million of the principal amount will be redeemed at par with accrued interest to the redemption date, and $5 million will be redeemed under an optional redemption at 100.
without an allocation between principal and accrued interest) by a cash-basis taxpayer were required to be allocated between principal and accrued interest even though the resulting amount of taxable interest exceeded economic gain (see Langston, 308 F2d 729 (Sth Cir.