Legal Opinion
Clifford F. Mack and Helen L. Mack v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided July 20, 1970No. 20098_1PublishedCited by 40 opinions
1Opinion of the Court
O’SULLIVAN, Senior Circuit Judge.
This cause is before the Court on the appeal of Clifford F. Mack and his wife from a judgment of the Tax Court which, for the tax year of 1964, reduced his claim of wagering losses from an asserted $27,200 to $14,000. As provided in 26 U.S.C. § 165(d), a taxpayer may claim deduction for wagering losses “only to the extent of the gains from such transactions.” Appellants also challenge the propriety of a 5% negligence penalty imposed upon the amount of the appellants’ underpayment of income tax for the year 1964. This is provided by 26 U.S.C. § 6653(a). The…
2Cases cited6 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Carlos and Jacqueline Marcello v. Commissioner of Internal Revenue, Joseph, Jr. And Anastasia Marcello v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1967
- Burnet v. HoustonSupreme Court of the United States · 1931
- Daniel F. Donovan v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1966
- Peter J. And Penny v. Marcello v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1967
1 more not listed; retrieve them via the Exa API.
3Cited by40 opinions
- Preben Norgaard Sandra C. Norgaard v. Commissioner Internal Revenue ServiceCourt of Appeals for the Ninth Circuit · 1991
- S. S. Ballin Agency, Inc. v. CommissionerCourt of Appeals for the Third Circuit · 1971
- Estate of Mercure v. CommissionerCourt of Appeals for the Sixth Circuit · 1971
- Rios v. Comm'rUnited States Tax Court · 2012
- Sang J. Park v. CommissionerUnited States Tax Court · 2011
35 more not listed; retrieve them via the Exa API.