Legal Opinion
Hunt v. Commissioner
Court of Appeals for the Fourth Circuit
Decided July 1, 1991No. Nos. 90-1022 to 90-1034PublishedCited by 10 opinions
1Opinion of the Court
OPINION
REBECCA BEACH SMITH, District Judge:
Appellants challenge on appeal three aspects of the Tax Court’s decision: 1) the finding that appellants did not enter the master recording lease program with a profit motive; 2) the reliance upon certain expert testimony to establish the fair market values of the master sound recordings; and 3) the imposition of additional interest pursuant to section 6621(c) of the Internal Revenue Code (“I.R.C.”).1 For the reasons stated below, we affirm the decision of the Tax Court.
I
Alfred Masters and John Olive formed Music Masters, Ltd. (“Music Masters”) in…
2Cases cited12 opinions
- Frank Lyon Co. v. United StatesSupreme Court of the United States · 1978
- Rice's Toyota World, Inc. (Formerly Rice Auto Sales, Inc.) v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1985
- Rose v. CommissionerUnited States Tax Court · 1987
- Rice's Toyota World, Inc. v. CommissionerUnited States Tax Court · 1983
- James L. Rose and Judy S. Rose v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1989
7 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Frank C. Pasternak Judith Pasternak (92-1681/1682) Anthony J. Cutaia Diane Cutaia David G. Koehlinger (92-1681) v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1993
- Peat Oil & Gas Assocs. v. CommissionerUnited States Tax Court · 1993
- Black & Decker Corp. v. United StatesDistrict Court, D. Maryland · 2004
- C.D. Hunt, Jr. v. Commissioner of Internal Revenue, Jackie Robinson Carolyn K. Robinson v. Commissioner of Internal Revenue, Christine M. Powell v. Commissioner of Internal Revenue, Larry T. Suitt Gwendolyn C. Suitt v. Commissioner of Internal Revenue, Wilbert Joseph Hamilton Geneva A. Hamilton v. Commissioner of Internal Revenue, Alfonzo Hamilton, Jr. Beatrice G. Hamilton v. Commissioner of Internal Revenue, David Reid, III Gloria J. Reid v. Commissioner of Internal Revenue, Lee Johnson, Jr. Veronica B. Johnson v. Commissioner of Internal Revenue, Ronald Eric Johnson Rosetta B. Johnson v. Commissioner of Internal Revenue, Exter G. Gilmore, Jr. Olivia G. Gilmore v. Commissioner of Internal Revenue, Ronald Daye Bobbie Daye v. Commissioner of Internal Revenue, Ronald Daye Bobbie Daye v. Commissioner of Internal Revenue, Thelma B. Brown v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1991
- Demos v. CommissionerUnited States Tax Court · 1994
5 more not listed; retrieve them via the Exa API.