Monteleone v. Commissioner
United States Tax Court
Held, on the facts petitioner sustained a theft loss during the taxable year 1954.
1Opinion of the Court
TietjeNS, Judge:
This proceeding involves an income tax deficiency for the taxable year 1954 in the amount of $13,301.
The issue for decision is whether petitioner suffered a theft loss deductible under the provisions of section 165(c)(3) of the 1954 Code.
BINDINGS OK FACT.
Some of the facts were stipulated, are so found, and are incorporated herein by this reference.
During the taxable year 1954, Michele and Frances Monteleone were husband and wife. They filed a joint Federal income tax return for that year with the district director of internal revenue at Los Angeles. Michele is a party to this…
2Cases cited8 opinions
- Edwards v. BrombergCourt of Appeals for the Fifth Circuit · 1956
- People v. PlattCalifornia Court of Appeal · 1954
- Jones v. CommissionerUnited States Tax Court · 1955
- People v. DanielsCalifornia Court of Appeal · 1948
- David H. Schultz and Bessie Schultz v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1960
3 more not listed; retrieve them via the Exa API.
3Cited by95 opinions
- Luman v. CommissionerUnited States Tax Court · 1982
- Horn v. CommissionerUnited States Tax Court · 1988
- Packard v. CommissionerUnited States Tax Court · 1985
- Paine v. CommissionerUnited States Tax Court · 1975
- Aimee D. Bagur v. Commissioner of Internal Revenue, Barbara M. Hansen v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1979
90 more not listed; retrieve them via the Exa API.