1. Home
  2. Browse Decisions
  3. T.C.
  4. 76 T.C.
  5. 76 T.C. 107 (1981)
 

CAL. FEDERAL LIFE INSURANCE CO. v. COMMISSIONER

Docket No. 6753-79.

76 T.C. 107 (1981)

CALIFORNIA FEDERAL LIFE INSURANCE COMPANY, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed January 21, 1981.

Attorney(s) appearing for the Case

Thomas R. Sheppard, Robert Joe Hull, and Michael D. Fernhoff, for the petitioner.

David P. Fuller, for the respondent.

OPINION

SCOTT, Judge:

Respondent determined a deficiency in the Federal income tax of the California Federal Life Insurance Co. for calendar year 1975 in the amount of $2,480.27.

The issues for decision are: (1) Whether U.S. Double Eagle gold coins are considered "money" to be valued at their face amount or "property" to be valued at their fair market value for purposes of determining the amount realized...

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