Legal Opinion
American Valmar International Ltd., Inc. & Valeri Markovski v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided October 4, 2000No. 99-4169, 99-4170, 99-4171PublishedCited by 10 opinions
1Opinion of the Court
WINTER, Circuit Judge:
American Valmar International Ltd., Inc. (“Valmar”) and Valeri Markovski (“Markovski”) appeal from a decision of Tax Court Judge Halpern finding deficiencies and imposing accuracy-related and delinquency penalties for the taxable years 1991, 1992, and 1993. See American Valmar Int’l Ltd. v. Commissioner, 76 T.C.M. (CCH) 911 (1998) (unpublished memorandum opinion).
On appeal, Valmar contends that the Tax Court erred in holding that: (i) customer funds deposited with Valmar were taxable income to Valmar; (ii) Valmar’s taxable income could not be reduced by various…
2Cases cited17 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Commissioner v. TuftsSupreme Court of the United States · 1983
- Mathie v. FriesCourt of Appeals for the Second Circuit · 1997
- Truesdell v. Comm'rUnited States Tax Court · 1987
- Castrol, Inc. v. Quaker State Corporation, Quaker State Oil Refining Corporation, and Grey Advertising, Inc.Court of Appeals for the Second Circuit · 1992
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3Cited by10 opinions
- United States v. Randolph GeorgeCourt of Appeals for the Ninth Circuit · 2005
- In Re PT-1 Communications, Inc.United States Bankruptcy Court, E.D. New York · 2009
- Brownstone v. United StatesCourt of Appeals for the Second Circuit · 2006
- Birkhold v. BirkholdSupreme Court of Connecticut · 2022
- Garfield v. CommissionerCourt of Appeals for the Second Circuit · 2008
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