Legal Opinion
Nelson v. Commissioner
United States Tax Court
Decided December 28, 1971No. Docket No. 1792-69UnpublishedCited by 2 opinions
1Opinion of the Court
A. LeRoy Nelson and Pearl E. Nelson v. Commissioner.
Nelson v. Commissioner
Docket No. 1792-69.
United States Tax Court
T.C. Memo 1971-327; 1971 Tax Ct. Memo LEXIS 3; 30 T.C.M. (CCH) 1423; T.C.M. (RIA) 71327;
December 28, 1971, Filed
H. Lioyd Nearing, for the respondent.
RAUM
Memorandum Opinion
RAUM, Judge: The Commissioner determined a deficiency of $4,532.53 in petitioners' income tax for the calendar year 1965. At issue is whether expenditures in the aggregate amount of $22,000 made by petitioner A. LeRoy Nelson following the sale of all of his stock in a wholly owned corporation were ordinary and…
2Cases cited15 opinions
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- Dalton v. BowersSupreme Court of the United States · 1932
- Arrowsmith v. CommissionerSupreme Court of the United States · 1952
- Anchor Coupling Company, Inc. v. United StatesCourt of Appeals for the Seventh Circuit · 1970
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3Cited by2 opinions
- Inland Asphalt Co. v. CommissionerCourt of Appeals for the Ninth Circuit · 1985
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