Westerhaus Co. v. Commissioner
United States Tax Court
Held: 1. Adjustments to Commissioner's net worth computation discloses no deficiency in Thomas's income tax. 2. Amounts of Joseph's unreported income determined by the Commissioner upon the basis of increases in net worth modified in certain respects. Additions to tax for fraud disapproved. Statute of limitations bars collection of tax for some years.
Read the full summary
Held: 1. Adjustments to Commissioner's net worth computation discloses no deficiency in Thomas's income tax. 2. Amounts of Joseph's unreported income determined by the Commissioner upon the basis of increases in net worth modified in certain respects. Additions to tax for fraud disapproved. Statute of limitations bars collection of tax for some years. Additions to tax for substantial underestimate of estimated tax to be computed under Rule 50. 3. Amounts of Frances's unreported income determined by the Commissioner upon the basis of increases in net worth modified in certain respects.…
1Opinion of the Court
Westerhaus Company et al. 1 v. Commissioner.
Westerhaus Co. v. Commissioner
Docket Nos. 59557, 59558, 57549-57554.
United States Tax Court
T.C. Memo 1957-213; 1957 Tax Ct. Memo LEXIS 36; 16 T.C.M. (CCH) 958; T.C.M. (RIA) 57213;
November 15, 1957
Held: 1. Adjustments to Commissioner's net worth computation discloses no deficiency in Thomas's income tax.
2. Amounts of Joseph's unreported income determined by the Commissioner upon the basis of increases in net worth modified in certain respects. Additions to tax for fraud disapproved. Statute of limitations bars collection of tax for some years.…
2Cases cited8 opinions
- Courtney v. CommissionerUnited States Tax Court · 1957
- Reis v. CommissionerUnited States Tax Court · 1942
- Switzer v. CommissionerUnited States Tax Court · 1953
- Smith v. CommissionerUnited States Tax Court · 1953
- Gleis v. CommissionerUnited States Tax Court · 1955
3 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Brown v. United StatesDistrict Court, E.D. Michigan · 1960