MILES v. COMMISSIONER OF INTERNAL REVENUE, 31 T.C. 1001 (1959) EGBERT J. MILES AND JEAN N. MILES, PETITIONERS, v. COMMISSIONER OFINTERNAL REVENUE, RESPONDENT. Docket No. 67209.United States Tax Court. Filed February 13, 1959. In 1953 petitioner embarked upon a series of transactions which in form were as follows. Petitioner purchased $175,000-face-value United States Treasury bonds […]
