1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 26 T.C.M.
  5. 26 T.C.M. 50 (1967)
 

ESTATE OF TANKOOS v. COMMISSIONER

Docket No. 3290-63.

26 T.C.M. 50 (1967)

T.C. Memo. 1967-8

Estate of William G. Tankoos, Deceased, Elizabeth B. Tankoos, S. Joseph Tankoos, Jr., and Townsend M. McAlpin, Executors and Elizabeth B. Tankoos, Individually v. Commissioner.

United States Tax Court.

Filed January 23, 1967.

Attorney(s) appearing for the Case

William E. Murray and Jerome R. Rosenberg, for the petitioners. Marie L. Garibaldi and John J. Madden, for the respondent.

Memorandum Findings of Fact and Opinion

HOYT, Judge:

Respondent determined a deficiency of $5,403.15 in income taxes of the petitioners for 1959. A preliminary issue is whether respondent's deficiency determination was arbitrary and unreasonable. The primary issues in dispute are whether respondent correctly determined that certain business expenses in the total amount of $39,597.50 were not allowable as deductions in computing the net ordinary income of...

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