Biagiotti v. Commissioner
United States Tax Court
Petitioners contributed pre-Columbian or Mayan art objects to the Duke University Museum of Art during the tax years in issue and claimed charitable contribution deductions based on appraisals of said art. Respondent challenges petitioners' valuations. Petitioners also took deductions for the cost of art appraisals relating to the art objects during the tax years in issue, which respondent disputes as to deductibility and verification of amounts expended.
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Petitioners contributed pre-Columbian or Mayan art objects to the Duke University Museum of Art during the tax years in issue and claimed charitable contribution deductions based on appraisals of said art. Respondent challenges petitioners' valuations. Petitioners also took deductions for the cost of art appraisals relating to the art objects during the tax years in issue, which respondent disputes as to deductibility and verification of amounts expended. Respondent also claims that petitioners are liable for additions to tax under section 6653(a) for failing to maintain adequate records and…
1Opinion of the Court
RAYMOND BIAGIOTTI AND MARY LOU BIAGIOTTI, Petitioners, v. COMMISSIONER OF INTERNAL REVENUE
Biagiotti v. Commissioner
Docket No. 12217-83.
United States Tax Court
T.C. Memo 1986-460; 1986 Tax Ct. Memo LEXIS 142; 52 T.C.M. (CCH) 588; T.C.M. (RIA) 86460;
September 22, 1986.
Petitioners contributed pre-Columbian or Mayan art objects to the Duke University Museum of Art during the tax years in issue and claimed charitable contribution deductions based on appraisals of said art. Respondent challenges petitioners' valuations. Petitioners also took deductions for the cost of art appraisals relating to the…
2Cases cited15 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Neely v. CommissionerUnited States Tax Court · 1985
- Bixby v. CommissionerUnited States Tax Court · 1972
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
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3Cited by3 opinions
- Myron G. Sammons and Dorothy Sammons, Petitioners-Appellees/cross-Appellants v. Commissioner of Internal Revenue, Cross-AppelleeCourt of Appeals for the Ninth Circuit · 1988
- Homer F. And Dorothy L. McMurray v. Commissioner of Internal Revenue, Homer F. And Dorothy L. McMurray v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1993
- Homer v. CommissionerCourt of Appeals for the First Circuit · 1993