Legal Opinion
Jack Surasky v. United States
Court of Appeals for the Fifth Circuit
Decided November 27, 1963No. 20296_1PublishedCited by 21 opinions
1Opinion of the Court
TUTTLE, Chief Judge.
This appeal challenges the correctness of the judgment of the district court holding that the sum of $17,000 contributed by the taxpayer to the Wolfson-Montgomery Ward Stockholders Committee as a part of a proxy battle during 1955 was not allowable as a deduction as an ordinary and necessary non-business expense. 1
The facts are not in dispute since substantially all of the facts were either stipulated between the parties or proved by undisputed affidavit and a deposition which was not in any way countered.
The taxpayer purchased 4000 shares of stock of Montgomery Ward & Co.…
2Cases cited8 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- McDonald v. CommissionerSupreme Court of the United States · 1944
- Galena Oaks Corporation v. Frank Scofield, Collector of Internal RevenueCourt of Appeals for the Fifth Circuit · 1954
- Alleghany Corp. v. CommissionerUnited States Tax Court · 1957
- Max Lutz and Ruth Lutz v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1960
3 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Locke Manufacturing Companies v. United StatesDistrict Court, D. Connecticut · 1964
- Hoover Co. v. CommissionerUnited States Tax Court · 1979
- Carey v. CommissionerUnited States Tax Court · 1971
- R. Walter Graham and Dorothy H. Graham v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1964
- J. Raymond Dyer and Jean Russell Dyer v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1965
16 more not listed; retrieve them via the Exa API.