Legal Opinion
James P. Donoghue & Elaine S. Donoghue v. Commissioner
United States Tax Court
Decided June 11, 2019No. 3126-15Unpublished
1Opinion of the Court
T.C. Memo. 2019-71
UNITED STATES TAX COURT JAMES P. DONOGHUE AND ELAINE S. DONOGHUE, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent Docket No. 3126-15. Filed June 11, 2019. James P. Donoghue and Elaine S. Donoghue, pro sese. Derek W. Kelley, for respondent. MEMORANDUM FINDINGS OF FACT AND OPINION ASHFORD, Judge: Beginning in 1985 petitioners engaged in a thoroughbred horse breeding and racing activity. They continued to engage in the activity until 2014 despite reporting a loss for every year of its existence. Respondent audited petitioners’ joint Forms 1040, U.S. Individual…
2Cases cited39 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Zenith Radio Corp. v. Hazeltine Research, Inc.Supreme Court of the United States · 1971
- HIGBEE v. COMMISSIONER OF INTERNAL REVENUEUnited States Tax Court · 2001
- Indopco, Inc. v. CommissionerSupreme Court of the United States · 1992
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