Cameron v. Commissioner
United States Tax Court
P was first employed by the Internal Revenue Service on Oct. 1, 1958. On Apr. 1, 1960, P resigned his job. Shortly thereafter, he received a refund of the contributions he had made to the U.S. Civil Service Retirement and Disability Fund. On June 27, 1960, P was reemployed by the Internal Revenue Service. He then elected to redeposit the amount previously refunded, plus interest, under an installment payment plan.
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P was first employed by the Internal Revenue Service on Oct. 1, 1958. On Apr. 1, 1960, P resigned his job. Shortly thereafter, he received a refund of the contributions he had made to the U.S. Civil Service Retirement and Disability Fund. On June 27, 1960, P was reemployed by the Internal Revenue Service. He then elected to redeposit the amount previously refunded, plus interest, under an installment payment plan. In 1977, P paid the final installment and all interest charges that had accrued since the time of the refund. Held, such interest payments are not deductible under sec. 163, I.R.C.…
1Opinion of the Court
Thomas W. and Ingrid L. Cameron, Petitioners v. Commissioner of Internal Revenue, Respondent
Cameron v. Commissioner
Docket No. 19025-81
United States Tax Court
81 T.C. 254; 1983 U.S. Tax Ct. LEXIS 47; 81 T.C. No. 19;
September 6, 1983, Filed
Decision will be entered for the respondent.
P was first employed by the Internal Revenue Service on Oct. 1, 1958. On Apr. 1, 1960, P resigned his job. Shortly thereafter, he received a refund of the contributions he had made to the U.S. Civil Service Retirement and Disability Fund. On June 27, 1960, P was reemployed by the Internal Revenue Service. He then…
2Cases cited15 opinions
- Knetsch v. United StatesSupreme Court of the United States · 1960
- Blum v. BaconSupreme Court of the United States · 1982
- Autenreith v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1940
- Dean v. CommissionerUnited States Tax Court · 1961
- Mills v. CommissionerUnited States Tax Court · 1948
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