Category: United States Tax Court Opinions

ISLAND GAS, INC. v. COMMISSIONER OF INTERNAL REVENUE, 30 T.C. 787 (1958) ISLAND GAS, INC., PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE,RESPONDENT. Docket No. 61047.United States Tax Court. Filed June 30, 1958. Petitioner, an accrual basis taxpayer, agreed to pay Kuhn the sum of $175,500 advanced by him for drilling 9 gas wells on leaseholds owned […]

FINEN v. COMMISSIONER OF INTERNAL REVENUE, 41 T.C. 557 (1964) J. HAROLD FINEN AND MARIE K. FINEN, PETITIONERS, v. COMMISSIONER OFINTERNAL REVENUE, RESPONDENT Docket. Nos. 87047, 87048, 3252-62.United States Tax Court. Filed January 21, 1964. Petitioners submitted an offer in compromise of their unpaid 1943 and 1944 deficiencies in tax, penalties, and interest. The terms […]

TANNER v. COMMISSIONER OF INTERNAL REVENUE, 45 T.C. 145 (1965) DOUGLAS H. TANNER, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE,RESPONDENT Docket No. 2159-64.United States Tax Court. Filed November 4, 1965. Held, that the petitioner is not entitled to deduct, in computing his adjusted gross income for the taxable year 1962 under section 62(1) of the Internal […]

GRASKE v. COMMISSIONER OF INTERNAL REVENUE, 20 T.C. 418 (1953) THEODORE WESLEY GRASKE, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE,RESPONDENT. Docket No. 38702.United States Tax Court. Promulgated May 21, 1953. Where wife has gross income, husband filing separate return cannot claim exemption of $600 for wife and his optional standard deduction cannot exceed $500. Theodore Wesley […]

RELIABLE INCUBATOR BROODER CO. v. COMMISSIONER, 6 T.C. 919 (1946) RELIABLE INCUBATOR AND BROODER COMPANY, AN ILLINOIS CORPORATION,PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. Docket No. 6722.United States Tax Court. Promulgated April 30, 1946. 1. Petitioner, a corporation, owed $26,830.76 to the widow of a deceased creditor of petitioner. In consideration of her promise to […]

ESTATE OF LEE v. COMMR. OF INTERNAL REVENUE, 11 T.C. 141 (1948) ESTATE OF WORTH S. LEE, DECEASED, HELEN S. LEE, EXECUTRIX PETITIONER, v.COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. Docket No. 11846.United States Tax Court. Promulgated August 5, 1948. At the death of decedent his only property consisted of community property. Under the provisions of his […]

CAMERON v. COMMISSIONER OF INTERNAL REVENUE, 105 T.C. 380 (1995) JOHN M. CAMERON AND CAROLINE D. CAMERON, AND JOHN P. AND TEENA G. BROADAWAY,PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. No. 2137-94.United States Tax Court. Filed November 29, 1995. Ps were shareholders of X, which computed its earnings and profits under the percentage of completion […]

BLEILY COLLISHAW, INC. v. COMMISSIONER, 72 T.C. 751 (1979) BLEILY COLLISHAW, INC., A CORPORATION, PETITIONER v.COMMISSIONER OF INTERNAL REVENUE, RESPONDENT Docket No. 3876-76.United States Tax Court. Filed August 3, 1979. Petitioner owned 30 percent of M corporation. The other shareholder wanted sole control and petitioner agreed to sell all itsPage 752 shares to M. M […]

PROCEEDINGS DISPOSED OF UPON MEMORANDUM OPINIONS, 45 T.C. 647 (1966)United States Tax Court. 1966. PROCEEDINGS DISPOSED OF UPON MEMORANDUM OPINIONST.C. Memo. Name 1965-267 Reismann, Machael Estate 1966-7 Rembold, Frederick W. and Helena F. 1965-263 Richards, Stephen L., Estate 1966-23 Richards, William L., Jr., and Frances M. 1965-267 Ritter, Frank and Ruth 1966-1 Roberge, Armand F. […]