1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 18 T.C.M.
  5. 18 T.C.M. 1121 (1959)
 

SEFTON v. COMMISSIONER

Docket No. 66562.

18 T.C.M. 1121 (1959)

T.C. Memo. 1959-234

J. W. Sefton, Jr. v. Commissioner.

United States Tax Court.

Filed December 14, 1959.

Attorney(s) appearing for the Case

John A. Brant, Esq., 1216 Bank of America Building, San Diego, Calif., for the petitioner. Cyrus A. Johnson, Esq., and Richard W. Janes, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

The Commissioner has determined a deficiency in petitioner's income tax for the year 1953 of $14,214.19. The deficiency is due in part to two adjustments which the Commissioner made to the loss reported by petitioner on his return for 1953. These adjustments were:

  (a) Interest expense disallowed ..........    $29,119.25
  (b) Legal expense disallowed .............      8,037.06

These adjustments...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases