The Charles Schwab Corporation and Includable Subsidiaries,petitioner-appellant, v. Commissioner of Internal Revenue, Respondent-appellee, 161 F.3d 1231 (9th Cir. 1998)

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US Court of Appeals for the Ninth Circuit - 161 F.3d 1231 (9th Cir. 1998) 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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