Legal Opinion
Damon R. Becnel v. Commissioner
United States Tax Court
Decided August 2, 2018No. 14707-14Unpublished
1Opinion of the Court
T.C. Memo. 2018-120
UNITED STATES TAX COURT DAMON R. BECNEL, Petitioner v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 14707-14. Filed August 2, 2018. James E. Long, Jr., and Robert C. Walthall, for petitioner. Horace Crump and Thomas Alan Friday, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION HOLMES, Judge: Damon Becnel is a property developer in Florida’s Panhandle who bought a yacht--a yacht he claims to use to market his properties to wealthy anglers. But he didn’t buy or operate his yacht in his own name; instead, he claimed deductions under misleading categories--for…
2Cases cited18 opinions
- Wheeler v. CommissionerCourt of Appeals for the Tenth Circuit · 2008
- Wheeler v. Comm'rUnited States Tax Court · 2006
- Chai v. CommissionerCourt of Appeals for the Second Circuit · 2017
- Henry v. CommissionerUnited States Tax Court · 1961
- Ann Walker v. Anderson Electrical Connectors, a Subsidiary of Square D CompanyCourt of Appeals for the Eleventh Circuit · 1991
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