Legal Opinion
In Re George Franklin Vaughan, Jr., Debtor. United States of America v. George Franklin Vaughan, Jr.
Court of Appeals for the Sixth Circuit
Decided October 19, 1983No. 82-5549PublishedCited by 7 opinions
1Opinion of the Court
SPIEGEL, District Judge.
George Vaughan, the debtor, appeals a district court order holding that payments which he made to corporate creditors pursuant to a guaranty agreement are deductible as nonbusiness bad debts, 26 U.S.C. § 166(d), rather than as losses incurred in a transaction entered into for profit, though not connected with a trade or business, 26 U.S.C. § 165(c)(2). 1 The district court, 21 B.R. 695, order reversed a bankruptcy court decision which had reached the opposite result. The resolution of this case largely depends upon an interpretation of Putnam v. Commissioner of…
2Cases cited12 opinions
- Burnet v. HarmelSupreme Court of the United States · 1932
- Putnam v. CommissionerSupreme Court of the United States · 1956
- Rushing v. CommissionerUnited States Tax Court · 1972
- Benjamin A. Stratmore and Helen Stratmore v. United StatesCourt of Appeals for the Third Circuit · 1970
- Martin v. CommissionerUnited States Tax Court · 1969
7 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Black Gold Energy Corp. v. CommissionerUnited States Tax Court · 1992
- Baker Hughes, Incorporated v. United StatesCourt of Appeals for the Fifth Circuit · 2019
- In Re BarryUnited States Bankruptcy Court, M.D. Tennessee · 1985
- Celanese Corp. v. United StatesUnited States Court of Claims · 1985
- Tigrett v. United StatesCourt of Appeals for the Sixth Circuit · 2007
2 more not listed; retrieve them via the Exa API.