Stevens v. Commissioner
United States Tax Court
Petitioners had income in 1966 from Irish Sweepstakes winnings. Held, such income constitutes "wagering income" and is not entitled to the benefit of the averaging provisions in effect during that year. Sec. 1302(b)(3), I.R.C. 1954.
1Opinion of the Court
August and Lillian Stevens, Petitioners v. Commissioner of Internal Revenue, Respondent
Stevens v. Commissioner
Docket No. 4363-70
United States Tax Court
56 T.C. 1139; 1971 U.S. Tax Ct. LEXIS 73;
August 23, 1971, Filed
Decision will be entered for the respondent.
Petitioners had income in 1966 from Irish Sweepstakes winnings. Held, such income constitutes "wagering income" and is not entitled to the benefit of the averaging provisions in effect during that year. Sec. 1302(b)(3), I.R.C. 1954.
Theodore Berger and Gerald Brown, for the petitioners.
James F. Hanley, Jr., for the respondent.
Tannenwald,…
2Cases cited8 opinions
- Douglas Goldman and Evelyn K. Goldman v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1967
- Drews v. CommissionerUnited States Tax Court · 1956
- Goldman v. CommissionerUnited States Tax Court · 1966
- Offutt v. CommissionerUnited States Tax Court · 1951
- Skeeles v. United StatesUnited States Court of Claims · 1951
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