Legal Opinion
James E. Redlark and Cheryl L. Redlark v. Commissioner
United States Tax Court
Decided January 11, 1996No. 4445-94Unknown
1Opinion of the Court
106 T.C. No. 2
UNITED STATES TAX COURT JAMES E. REDLARK AND CHERYL L. REDLARK, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 4445-94. Filed January 11, 1996. Ps deducted the amount of interest on the portion of a deficiency in Federal income tax arising out of adjustments caused by accounting errors of their unincorporated business. They claimed that the interest was properly allocable to business indebtedness and therefore not personal interest under sec. 163(h)(2)(A), I.R.C. R disallowed such deduction on the ground that it was personal interest under sec.…
2Cases cited63 opinions
- Chevron U. S. A. Inc. v. Natural Resources Defense Council, Inc.Supreme Court of the United States · 1984
- Connecticut National Bank v. GermainSupreme Court of the United States · 1992
- Consumer Product Safety Commission v. GTE Sylvania, Inc.Supreme Court of the United States · 1980
- United States v. American Trucking AssociationsSupreme Court of the United States · 1940
- Tennessee Valley Authority v. HillSupreme Court of the United States · 1978
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