Billman v. Commissioner
United States Tax Court
Petitioner Bernard was employed in the early 1970's by the U.S. Navy in Vietnam. He met But Thi there. They planned to stay in Vietnam after marriage. To that end, they accumulated Vietnamese currency by saving. In 1970, Bernard, caught in a reduction in force, had to return to the U.S. But Thi came in 1972. The currency was left in Vietnam with But Thi's parents, but was forwarded to petitioners in 1975. They still have it.
Read the full summary
Petitioner Bernard was employed in the early 1970's by the U.S. Navy in Vietnam. He met But Thi there. They planned to stay in Vietnam after marriage. To that end, they accumulated Vietnamese currency by saving. In 1970, Bernard, caught in a reduction in force, had to return to the U.S. But Thi came in 1972. The currency was left in Vietnam with But Thi's parents, but was forwarded to petitioners in 1975. They still have it. Due to the sudden fall of South Vietnam to North Vietnam and the withdrawal of the United States, the currency became worthless in 1975. Held, petitioners suffered no…
1Opinion of the Court
Bernard C. Billman and But Thi Billman, Petitioners v. Commissioner of Internal Revenue, Respondent
Billman v. Commissioner
Docket No. 10747-77
United States Tax Court
73 T.C. 139; 1979 U.S. Tax Ct. LEXIS 34;
October 22, 1979, Filed
Decision will be entered for the respondent.
Petitioner Bernard was employed in the early 1970's by the U.S. Navy in Vietnam. He met But Thi there. They planned to stay in Vietnam after marriage. To that end, they accumulated Vietnamese currency by saving. In 1970, Bernard, caught in a reduction in force, had to return to the U.S. But Thi came in 1972. The currency was…
Also in this document: Concurring in part, dissenting in part; Dissent.
2Cases cited6 opinions
- Durden v. CommissionerUnited States Tax Court · 1944
- Heyn v. CommissionerUnited States Tax Court · 1966
- Popa v. CommissionerUnited States Tax Court · 1979
- Davis v. CommissionerUnited States Tax Court · 1960
- Billman v. CommissionerUnited States Tax Court · 1979
1 more not listed; retrieve them via the Exa API.