Legal Opinion
Antonides v. Commissioner
Court of Appeals for the Fourth Circuit
Decided January 11, 1990No. Nos. 89-2632, 89-2634 and 89-2699PublishedCited by 36 opinions
1Opinion of the Court
WILKINS, Circuit Judge.
Gary Antonides, David and Mary Diane Smith, and Richard and Phyllis Herdendorf (the taxpayers) appeal the decision of the Tax Court that their yacht chartering venture was an activity not engaged in for profit. I.R.C. § 183 (West Supp.1989). Antonides also appeals the decision of the Tax Court that he is liable for an addition to tax because of a substantial understatement of tax liability. I.R.C. § 6661 (West 1989). We affirm.
I
David Smith1, Antonides, and the Her-dendorfs are avid sailors, all of them either owning or having access to sailboats. In 1979 Smith became…
2Cases cited10 opinions
- Commissioner v. GroetzingerSupreme Court of the United States · 1987
- Antonides v. CommissionerUnited States Tax Court · 1988
- James P. Thomas and Mary Lou Thomas v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1986
- Hunter Faulconer, Sr. And Mary T. Faulconer v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1984
- Paul Snyder and Helen J. Snyder v. United StatesCourt of Appeals for the Tenth Circuit · 1982
5 more not listed; retrieve them via the Exa API.
3Cited by36 opinions
- Preben Norgaard Sandra C. Norgaard v. Commissioner Internal Revenue ServiceCourt of Appeals for the Ninth Circuit · 1991
- Estate of Robert G. Kluener, Donald E. Hathaway, Co-Executor, Charlotte J. Kluener v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1998
- Daniel E. Hendricks Barbara E. Hendricks v. Commissioner of the Internal Revenue ServiceCourt of Appeals for the Fourth Circuit · 1994
- Estate of Ervin A. Reinke, Deceased Marion Reinke, Personal Representative Marion Reinke v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1995
- Charla Gates Cannon v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1992
31 more not listed; retrieve them via the Exa API.