TaxProf Blog

Editor: Paul L. Caron, Dean
Pepperdine University School of Law

Friday, April 13, 2007

5th Circuit Cites Wikipedia in Tax Case

WikipediaI previously have blogged the citation of Wikipedia by students, law professors, and judges (including Tax Court judges).  The Fifth Circuit has become the latest court to cite Wikipedia in a tax case in Exxon Mobil Corp. v. Commissioner, No. 06-60276 (5th Cir. 4/10/07), for, of all things, the meaning of "accrue":

The word “accrue” is an accounting term that means to record or calculate an item of income or expense that has not yet been paid. http://en.wikipedia.org/wiki/Accrual (accessed: March 23, 2007). Accrued interest is interest that is due or earned as of a certain calculation date but which has not yet been paid. Because of interest compounding, accrued interest continues to earn interest, just as does the principal amount of the tax overpayment.

http://taxprof.typepad.com/taxprof_blog/2007/04/5th_circuit_cit.html

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The Fifth Circuit takes a break its usual shenanigans and cites Wikipedia for a term of art: The word “accrue” is an accounting term that means to record or calculate an item of income or expense that has not yet [Read More]

Tracked on Apr 13, 2007 5:48:46 AM

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Paul L. Caron has previously blogged the about citation of Wikipedia by students,law professors, and judges (including Tax Court judges). [Read More]

Tracked on Apr 20, 2007 2:44:58 PM

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