Legal Opinion

Povolny Group, Incorporated v. Commissioner

United States Tax Court

Decided April 2, 2018No. 5935-14, 5936-14, 5937-14Unpublished

1Opinion of the Court

T.C. Memo. 2018-37

UNITED STATES TAX COURT POVOLNY GROUP, INCORPORATED, ET AL.,1 Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket Nos. 5935-14, 5936-14, Filed April 2, 2018. 5937-14. Mark A. Pridgeon, for petitioners. Julie A. Schwoebel, Christina L. Cook, John Q. Walsh, Jr., and John Schmittdiel, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION HOLMES, Judge: James Povolny ran three real-estate businesses--one of which racked up a lot of liabilities trying to build a hospital in Algeria. To pay 1 The other cases we consolidated with this one are Povolny Group,…

2Cases cited32 opinions

  1. Welch v. HelveringSupreme Court of the United States · 1933
  2. Neonatology Assocs., P.A. v. Comm'rUnited States Tax Court · 2000
  3. Boehm v. CommissionerSupreme Court of the United States · 1945
  4. United States v. Magnolia Petroleum Co.Supreme Court of the United States · 1928
  5. Estate of Travis Mixon, Jr. v. United StatesCourt of Appeals for the Fifth Circuit · 1972

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