Pepsico P.R., Inc. v. Commissioner

1 Citing case

  1. Ill. Tool Works Inc. v. Comm'r

    T.C. Memo. 2018-121 (U.S.T.C. Aug. 6, 2018)

    A borrower's timely payment of interest and principal, consistently with the terms of the underlying instrument, likewise supports debt treatment. See PepsiCo Puerto Rico, Inc. v. Commissioner, T.C. Memo. 2012-269, 104 T.C.M. (CCH) 322, 339-340. CSE's cashflow could easily satisfy its debt obligations.