Cupler v. Commissioner
United States Tax Court
Petitioner John A. Cupler II developed two items of specialized medical equipment, which he then donated to charitable organizations. Held, one donation was made in 1967 and the other in 1969. Held, further, that the fair market value of the 1967 donation is $ 10,000 and that of the 1969 donation is $ 15,000.
1Opinion of the Court
Tannenwald, Judge:
Respondent determined the following deficiencies in petitioners’ Federal income taxes:
Year Deficiency Year Deficiency
1965 _ $53,487.95 1968 _$105,248.90
1966 _ 66,853.00 1969 _ 49,920.08
1967 _ 47,837.17 1970 _ 66,128.92
Several issues have been disposed of by stipulation. Those remaining are:(1) Did petitioner make a charitable contribution of medical equipment to the University of Maryland in 1967, and if so, what was its value?(2) Did petitioner make a charitable contribution of medical equipment to St. Barnabas Hospital in 1969 and, if so, what was its value?(3) What was…
2Cases cited20 opinions
- Dayton Power & Light Co. v. Public Utilities CommissionSupreme Court of the United States · 1934
- Guggenheim v. RasquinSupreme Court of the United States · 1941
- Estate of Smith v. CommissionerUnited States Tax Court · 1972
- Estate of David Smith, Deceased v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1975
- Estate of Falese v. CommissionerUnited States Tax Court · 1972
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3Cited by21 opinions
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- Estate of D.D. Palmer, Deceased, Richard L. Braunstein and Davenport Bank & Trust Co., Executors and A.H. Palmer v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1988
- Grant v. CommissionerUnited States Tax Court · 1985
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