Legal Opinion
Shannon v. Commissioner
United States Tax Court
Decided November 23, 1993No. Docket No. 25444-91UnpublishedCited by 4 opinions
1Opinion of the Court
SAMUEL G. SHANNON AND ELIZABETH SHANNON, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Shannon v. Commissioner
Docket No. 25444-91
United States Tax Court
T.C. Memo 1993-554; 1993 Tax Ct. Memo LEXIS 553; 66 T.C.M. (CCH) 1418;
November 23, 1993, Filed
Decision will be entered for respondent.
For petitioners: Roger E. Grove.
For respondent: Thomas Rohall.
RAUM
RAUM
MEMORANDUM OPINION
RAUM, Judge: The Commissioner determined an income tax deficiency of $ 13,646 for petitioners' 1987 taxable year. At issue is whether income from discharge of indebtedness under section 61(a)(12) 1 was realized…
2Cases cited5 opinions
- Frentz v. CommissionerUnited States Tax Court · 1965
- J. William Frentz v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1967
- Walker v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1937
- White v. CommissionerUnited States Board of Tax Appeals · 1936
- Seay v. CommissionerUnited States Tax Court · 1974
3Cited by4 opinions
- Jelle v. CommissionerUnited States Tax Court · 2001
- Dennis and Dorinda J. Jelle v. CommissionerUnited States Tax Court · 2001
- Jelle v. CommissionerUnited States Tax Court · 2001
- Rivera v. CommissionerUnited States Tax Court · 1993