Estate of Maceo v. Comm'r
United States Tax Court
Net worth increase: Burden of proof: Beginning and ending computations. - Errors in the Commissioner's beginning and ending computations of the networth of taxpayers who failed to maintain adequate records of their gambling activities did not destroy the presumption that the Commissioner's determinations were correct and impose the burden of proof on him. The burden remained upon the taxpayers to demonstrate that the Commissioner was wrong as to each item involved.
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Net worth increase: Burden of proof: Beginning and ending computations. - Errors in the Commissioner's beginning and ending computations of the networth of taxpayers who failed to maintain adequate records of their gambling activities did not destroy the presumption that the Commissioner's determinations were correct and impose the burden of proof on him. The burden remained upon the taxpayers to demonstrate that the Commissioner was wrong as to each item involved. Examination of books and records: Second examination: Amended returns. - After a first examination of the taxpayers' books and…
1Opinion of the Court
Estate of Sam Maceo Deceased, Edna Sedgwick Maceo Plitt, Independent Executrix and Sam Serio, Independent Executor, and Edna Sedgwick Maceo Plitt, Individually, et al. 1 v. Commissioner.
Estate of Maceo v. Comm'r
Docket Nos. 55506, 55709, 63933, 63934.
United States Tax Court
T.C. Memo 1964-46; 1964 Tax Ct. Memo LEXIS 290; 23 T.C.M. (CCH) 258; T.C.M. (RIA) 64046;
February 27, 1964
Net worth increase: Burden of proof: Beginning and ending computations. - Errors in the Commissioner's beginning and ending computations of the networth of taxpayers who failed to maintain adequate records of their…
2Cases cited108 opinions
- Holland v. United StatesSupreme Court of the United States · 1955
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Spies v. United StatesSupreme Court of the United States · 1943
- Helvering v. TaylorSupreme Court of the United States · 1935
- United States v. JohnsonSupreme Court of the United States · 1943
103 more not listed; retrieve them via the Exa API.
3Cited by5 opinions
- Frederick Todd, II v. CIRCourt of Appeals for the Fifth Circuit · 2012
- Abeson v. CommissionerUnited States Tax Court · 1990
- Balkissoon v. CommissionerUnited States Tax Court · 1992
- Lyon v. CommissionerUnited States Tax Court · 1994
- Ryan v. CommissionerUnited States Tax Court · 1991