Category: United States Tax Court Opinions

TARBOX CORPORATION v. COMMISSIONER OF INTERNAL REVENUE, 6 T.C. 35 (1946) TARBOX CORPORATION, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE,RESPONDENT. Docket No. 6145.United States Tax Court. Promulgated January 11, 1946. Held, that petitioner’s failure to file a personal holding company return was not due to reasonable cause, and the delinquency penalty was properly imposed. Samuel Perman […]

BAILEY v. COMMISSIONER OF INTERNAL REVENUE, 21 T.C. 678 (1954) VERN W. BAILEY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE,RESPONDENT.JUNE L. BAILEY, PETITIONER, v. COMMISSIONER OF INTERNAL REVENUE,RESPONDENT.VERN W. BAILEY AND JUNE L. BAILEY, PETITIONERS, v. COMMISSIONER OFINTERNAL REVENUE, RESPONDENT. Docket Nos. 38428, 38429, 38430.United States Tax Court. Promulgated February 9, 1954. Petitioner, Vern W. Bailey, […]

ESTATE OF SCHMUCKER v. COMMR. OF INTERNAL REVENUE, 10 T.C. 1209 (1948) ESTATE OF AUGUSTA D. MOYSE SCHMUCKER, ISIDORE DREYFUS AND JEROME LEWINE,EXECUTORS, PETITIONERS, v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. Docket No. 13372.United States Tax Court. Promulgated June 28, 1948. The trust instrument executed by decedent on December 8, 1941, was not made in contemplation […]

WAYNE BOLT AND NUT CO. v. COMMR. OF INTERNAL REVENUE, 93 T.C. 500 (1989) WAYNE BOLT AND NUT COMPANY, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE,RESPONDENT. No. 9236-87.United States Tax Court. Filed October 23, 1989. P was engaged in the business of selling metal fasteners. Prior to fiscal year 1982, P determined opening and ending inventory […]

LINCOLN SAVINGS LOAN ASS’N v. COMMR. OF INTERNAL REV., 51 T.C. 82 (1968) LINCOLN SAVINGS LOAN ASSOCIATION, PETITIONER v. COMMISSIONER OF INTERNALREVENUE, RESPONDENT Docket No. 325-67.United States Tax Court. Filed October 21, 1968. Petitioner, a California savings and loan association, insures the accounts of its depositors with the Federal Savings and Loan Insurance Corporation (FSLIC). […]

F. S. HARMON MFG. CO. v. COMMR. OF INTERNAL REVENUE, 34 T.C. 316 (1960) F. S. HARMON MANUFACTURING COMPANY, PETITIONER, v. COMMISSIONER OFINTERNAL REVENUE, RESPONDENT. Docket No. 65334.United States Tax Court. Filed May 25, 1960. Approval of Commissioner required to change from “quantity” basis to “dollar-value” basis for valuing inventories under Lifo. E. N. Eisenhower, […]

KEAN v. COMMISSIONER OF INTERNAL REVENUE, 51 T.C. 337 (1968) HAROLD C. KEAN AND MARGARET I. KEAN, ET AL.,[fn1] PETITIONERS v.COMMISSIONER OF INTERNAL REVENUE, RESPONDENT Docket Nos. 1306-67, 1341-67 — 1344-67, 1352-67.United States Tax Court. Filed December 5, 1968. [fn1] Cases of the following petitioners are consolidated herewith: Murdock D. MacPherson and Mary Ellen MacPherson, […]

GROVER v. COMMISSIONER, 68 T.C. 598 (1977) ORRIN GROVER AND ANN SEGARS (FORMERLY GROVER), PETITIONERS v. COMMISSIONEROF INTERNAL REVENUE, RESPONDENT Docket No. 5651-75.United States Tax Court. Filed July 26, 1977. Petitioner, a commissioned officer in the United States Marine Corps, seeks to deduct the expenses he incurred in attending law school. He also seeks to […]

FREEPORT TRANSP., INC. v. COMMR. OF INTERNAL REVENUE, 63 T.C. 107 (1974) FREEPORT TRANSPORT, INC., PETITIONER v. COMMISSIONER OF INTERNAL REVENUE,RESPONDENTESTATE OF ALBERT CURCIO, DECEASED, FRANCES CURCIO, ADMINISTRATRIX ANDSURVIVING WIFE, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT Docket Nos. 1922-73, 1795-73.United States Tax Court. Filed November 12, 1974. An agreement entered into by the parties […]

ESTATE OF LYNCH v. COMMISSIONER OF INTERNAL REVENUE, 35 T.C. 142 (1960) ESTATE OF CARL C. LYNCH, DECEASED, ELLA M. LYNCH, EXECUTRIX, PETITIONER,v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. Docket No. 82521.United States Tax Court. Filed October 26, 1960. Decedent and his wife wanted their three daughters and families to have their own homes. Transfers of […]