Maurice C. Dreicer v. Commissioner of Internal Revenue

SPOTTSWOOD W. ROBINSON, III, Chief Judge:

Maurice C. Dreicer appeals from a decision of the United States Tax Court disallowing deductions, in computation of two years’ federal income taxes, for losses incurred assertedly in professional endeavors as a multimedia personality. The Tax Court found that the particular pursuits in which Dreicer sustained the reported losses were writing and lecturing, and concluded that he had not engaged in those activities for profit, as defined by Section 183 of the Internal Revenue Code 1 and regulations promulgated thereunder, 2 for the stated reason that he…