Sanders v. Commissioner
United States Tax Court
Petitioners formed a partnership to purchase real property on which to operate a landfill business. Pursuant to the contract of sale executed in 1973, the partnership could enter onto the property prior to closing to begin fill operations. For each truckload of fill dumped, the partnership was required to, and did, pay the sellers a $ 2 dump fee which was credited against the purchase price of the property.
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Petitioners formed a partnership to purchase real property on which to operate a landfill business. Pursuant to the contract of sale executed in 1973, the partnership could enter onto the property prior to closing to begin fill operations. For each truckload of fill dumped, the partnership was required to, and did, pay the sellers a $ 2 dump fee which was credited against the purchase price of the property. The partnership proceeded to settlement in 1977, at which time the value of the land had been substantially diminished as a result of the fill operation. Held: 1. The dump fees paid by the…
1Opinion of the Court
H. Kendrick Sanders and Barbara F. Sanders, Petitioners v. Commissioner of Internal Revenue, Respondent; F. Bruce Bach and Beverly J. Bach, Petitioners v. Commissioner of Internal Revenue, Respondent
Sanders v. Commissioner
Docket Nos. 9622-77, 9623-77
United States Tax Court
75 T.C. 157; 1980 U.S. Tax Ct. LEXIS 37;
October 21, 1980, Filed
Decisions will be entered for the petitioners.
Petitioners formed a partnership to purchase real property on which to operate a landfill business. Pursuant to the contract of sale executed in 1973, the partnership could enter onto the property prior to closing to…
2Cases cited8 opinions
- Weiss v. WeinerSupreme Court of the United States · 1929
- Walburga Oesterreich v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1955
- Smith v. CommissionerUnited States Tax Court · 1968
- Fair v. CommissionerUnited States Tax Court · 1957
- Thompson v. CommissionerUnited States Tax Court · 1980
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