Legal Opinion
Kazimir C. And Anna M. Bahoric, Anna M. Bahoric, and Kazimir C. Bahoric v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided June 28, 1966No. 19447-19449_1PublishedCited by 20 opinions
1Opinion of the Court
CHAMBERS, Circuit Judge.
The Bahorics have been caught on an Internal Revenue net-worth escalator where the Commissioner of Internal Revenue has assessed them additional income taxes, interest and fraud penalties.
According to the Internal Revenue projections, the Bahorics’ opening net worth at the end of the year 1938 starts with $3,700.35 and progresses with annual gains of net worth, some years small but often substantial, until at the end of 1957 their net worth on a cost basis was $369,535.64. In the computations, the Bahorics (the taxpayers) and the Commissioner reached an agreement as to…
2Cases cited5 opinions
- William J. Drieborg and Laura D. Drieborg v. Commissioner of Internal Revenue, William J. Drieborg v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1955
- Richard Douglas Furnish and Emilie Furnish Funk v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1958
- Marvin Sherwin v. United StatesCourt of Appeals for the Ninth Circuit · 1963
- Leo L. Lowy v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1961
- William D. Lydon and Myrtle I. Lydon v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1965
3Cited by20 opinions
- Bolen Webb and Cornelia Webb v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1968
- Robert W. Bradford v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1986
- United States v. William L. Walton, Also Known as Chris Walton Belle Isle Riding AcademyCourt of Appeals for the Sixth Circuit · 1990
- James Traficant, Jr. v. Commissioner of Internal Revenue ServiceCourt of Appeals for the Sixth Circuit · 1989
- Transpac Drilling Venture, 1983-2 by James M. Dobbins v. United StatesCourt of Appeals for the Federal Circuit · 1996
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