Legal Opinion
Independent Electric Supply, Inc. v. Commissioner
Court of Appeals for the Ninth Circuit
Decided January 24, 1986No. Nos. 85-7060, 85-7077PublishedCited by 28 opinions
1Opinion of the Court
KENNEDY, Circuit Judge:
The taxpayers in these consolidated cases appeal the Tax Court’s disallowance of deductions for depreciation, ordinary and necessary business expenses, and research and development expenses.1 We affirm.
The appellants each invested in limited partnerships, trusts, or both, set up by Fred Solomon and George Nicoladze for the ostensible purpose of acquiring and exploiting patents. The patents were acquired for the partnerships and trusts by Solomon and Nicoladze for relatively small amounts of cash ($0 to $300,000) and relatively large nonrecourse obligations ($497,-000 to…
2Cases cited11 opinions
- E.A. Brannen and Frances K. Brannen v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 1984
- Estate of Charles T. Franklin, Deceased v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1976
- Flowers v. CommissionerUnited States Tax Court · 1983
- Clement L. Hirsch v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1963
- Narver v. CommissionerUnited States Tax Court · 1980
6 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Frank C. Pasternak Judith Pasternak (92-1681/1682) Anthony J. Cutaia Diane Cutaia David G. Koehlinger (92-1681) v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1993
- Levin v. CommissionerUnited States Tax Court · 1986
- Ferrell v. CommissionerUnited States Tax Court · 1988
- Cleo Beatrice Baxter and Albert N. Baxter v. Commissioner of Internal Revenue ServiceCourt of Appeals for the Ninth Circuit · 1987
- Hagler v. CommissionerUnited States Tax Court · 1986
23 more not listed; retrieve them via the Exa API.