Faura v. Commissioner
United States Tax Court
Petitioner was in the trade or business of being an author. In 1974, while writing two books, he incurred expenses for office rent, postage, telephone, research, entertainment, and transportation. Held, the expenditures made by petitioner in his trade or business of being an author are deductible under sec. 162, I.R.C. 1954, as ordinary and necessary business expenses.
1Opinion of the Court
Dawson, Judge:
Respondent determined a deficiency of $1,946 in petitioners’ Federal income tax for the year 1974. Concessions have been made by the parties. The only issue presented for decision is whether petitioner Fernando Faura, an author, may currently deduct under section 1621 certain expenses paid or incurred while writing two books, or whether such expenses should be capitalized pursuant to section 263.
FINDINGS OF FACT
Some of the facts have been stipulated and are so found. The stipulations of facts and attached exhibits are incorporated herein by this reference.
Fernando Faura…
2Cases cited12 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Commissioner v. Idaho Power Co.Supreme Court of the United States · 1974
- Wesenberg v. CommissionerUnited States Tax Court · 1978
- Doggett v. BurnetCourt of Appeals for the D.C. Circuit · 1933
- Matilda M. Brooks v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1959
7 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- Paul Snyder and Helen J. Snyder v. United StatesCourt of Appeals for the Tenth Circuit · 1982
- Encyclopaedia Britannica, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1982
- Garrison v. CommissionerUnited States Tax Court · 1986
- Arthur T. Hadley and Susan K. Bryant v. Commissioner of Internal Revenue, Lloyd McKim Garrison and Sarah Garrison v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1987
- Hadley v. CommissionerUnited States Tax Court · 1986
6 more not listed; retrieve them via the Exa API.