Legal Opinion
Sol Diamond and Muriel Diamond v. Commissioner of Internal Revenue
Court of Appeals for the Seventh Circuit
Decided February 27, 1974No. 71-1760PublishedCited by 53 opinions
1Opinion of the Court
FAIRCHILD, Circuit Judge.
This is an appeal from a decision of the Tax Court upholding the commissioner’s assessment of deficiencies against Sol and Muriel Diamond 1 for the years 1961 and 1962. The deficiencies for each year were consolidated for trial, but are essentially unrelated. The Tax Court concluded that Diamond realized ordinary income on the receipt of a right to a share of profit or loss to be derived from a real estate venture (the 1962 partnership case), and that certain commission payments he made were not deductible business expenses (the 1961 commissions case). The facts in…
2Cases cited2 opinions
- Diamond v. CommissionerUnited States Tax Court · 1971
- Hale v. CommissionerUnited States Tax Court · 1965
3Cited by53 opinions
- United States v. Ronald H. PachecoCourt of Appeals for the Ninth Circuit · 1990
- Hensel Phelps Construction Company, and Cross-Appellee v. Commissioner of Internal Revenue, and Cross-AppellantCourt of Appeals for the Tenth Circuit · 1983
- Larson v. CommissionerUnited States Tax Court · 1976
- William G. Campbell Norma T. Campbell v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1991
- George Gordon Liddy, and Frances Purcell Liddy v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1986
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