Anderson v. Commissioner
United States Tax Court
Petitioners failed to establish that amounts paid and nonrecourse notes delivered to Einar C. Erickson, consulting geologist, in 1978 were paid or incurred for the development of a mine or other natural deposit. Such sums, therefore, are not deductible under sec. 616, I.R.C. 1954 as amended. Petitioners in related cases are not relieved of their stipulation to be bound by the result in these cases.
1Opinion of the Court
Morris E. Anderson and Marlene H. Anderson, Petitioners v. Commissioner of Internal Revenue, Respondent; Robert K. Clawson and Shirley S. Clawson, Petitioners v. Commissioner of Internal Revenue, Respondent
Anderson v. Commissioner
Docket Nos. 2761-83, 2763-83
United States Tax Court
83 T.C. 898; 1984 U.S. Tax Ct. LEXIS 6; 83 T.C. No. 48;
December 5, 1984. December 5, 1984, Filed
Decisions will be entered for the respondent.
Petitioners failed to establish that amounts paid and nonrecourse notes delivered to Einar C. Erickson, consulting geologist, in 1978 were paid or incurred for the development…
2Cases cited10 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Estate of Horvath v. CommissionerUnited States Tax Court · 1973
- Estate of De Bie v. CommissionerUnited States Tax Court · 1971
- Lazisky v. CommissionerUnited States Tax Court · 1979
- Magnolia Surf, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1980
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