Shea Homes, Inc and Subsidiaries, et al. v. Comr., 142 T.C. No. 3 (2014)

(plaintiff, a builder, allowed to defer payment of tax on home sales until point in time at which sales of homes in huge development project reached 95 percent in the aggregate; IRS claimed that tax obligation triggered when each individual home sold; in so holding, court affirmed plaintiff's use of completed-contract method of accounting; similar case on same issue remains pending with Tax Court).