Legal Opinion
Bernard Cornfeld v. Commissioner of Internal Revenue
Court of Appeals for the D.C. Circuit
Decided August 12, 1986No. 85-1243PublishedCited by 10 opinions
1Opinion of the Court
KOZINSKI, Circuit Judge:
In this appeal from a judgment of the Tax Court we consider whether taxpayer is entitled to a business deduction attributable to ownership of a BAC 1-11 passenger jet aircraft.
Facts
For a number of years during the 1950’s and 60’s taxpayer Bernard Cornfeld was a successful entrepreneur and businessman. In 1969 he was the principal shareholder, president and chairman of the board of Investor Overseas Services, Ltd (S.A.) (IOS), a financial conglomerate that managed more than $2.5 billion in assets and employed 25,000 sales representatives in 100 countries. As the founder…
2Cases cited9 opinions
- United States v. United States Gypsum Co.Supreme Court of the United States · 1948
- Dreicer v. CommissionerUnited States Tax Court · 1982
- Allen v. CommissionerUnited States Tax Court · 1979
- Margit Sigray Bessenyey v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1967
- Benz v. CommissionerUnited States Tax Court · 1974
4 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Thomas C. Burger and Marian E. Burger v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1987
- Donald R. Campbell and Patricia A. Campbell v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1989
- Hoyle v. CommissionerUnited States Tax Court · 1994
- Valley Natural Fuels v. CommissionerUnited States Tax Court · 1991
- BALDWIN v. COMMISSIONERUnited States Tax Court · 2002
5 more not listed; retrieve them via the Exa API.