Legal Opinion
John D. Askew and Nona B. Askew v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided November 24, 1986No. 85-2092PublishedCited by 6 opinions
1Opinion of the Court
JOHN R. GIBSON, Circuit Judge.
This dispute arises out of the activities of taxpayers John and Nona Askew in the oil and gas industry in Venezuela, and concerns payments Mr. Askew received under a series of letter agreements for providing knowledge, data and information in securing service contracts on oil wells and nickel deposits in Venezuela. The issues are whether the Askews could deduct the following amounts as ordinary and necessary business expenses: (1) $250,000 advanced to Askew’s personal bank account that he testifies he paid to two Venezuelan nationals to reimburse them for their…
2Cases cited9 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- Welch v. HelveringSupreme Court of the United States · 1933
- Interstate Transit Lines v. CommissionerSupreme Court of the United States · 1943
- Walter Demkowicz and Dorothy Demkowicz v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1977
- Alexis M. Hawkins and Rosemary K. Hawkins v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1983
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3Cited by6 opinions
- James T. Alford Freda Alford v. United StatesCourt of Appeals for the Eighth Circuit · 1997
- Gerald E. Toberman and Nancy J. Toberman v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 2002
- Gerald E. Toberman v. CIRCourt of Appeals for the Eighth Circuit · 2002
- Haeri v. CommissionerUnited States Tax Court · 1989
- In Re Pt-1 Communications, Inc.United States Bankruptcy Court, E.D. New York · 2011
1 more not listed; retrieve them via the Exa API.