Skripak v. Commissioner
United States Tax Court
Ps participated in a charitable contributions tax shelter program involving scholarly reprint books. Ps executed a series of documents purporting to evidence the purchase of these reprint books at a cost of one-third of the publisher's catalog retail list prices and the contribution slightly more than 6 months later (the applicable capital gains holding period) of these books to small rural public libraries qualified to receive deductible contributions.
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Ps participated in a charitable contributions tax shelter program involving scholarly reprint books. Ps executed a series of documents purporting to evidence the purchase of these reprint books at a cost of one-third of the publisher's catalog retail list prices and the contribution slightly more than 6 months later (the applicable capital gains holding period) of these books to small rural public libraries qualified to receive deductible contributions. Sec. 170(c), I.R.C. 1954. Ps claimed deductions for these "charitable contributions" in the amount of the publisher's catalog retail list…
1Opinion of the Court
Parker, Judge:
Respondent has determined the following deficiencies in these petitioners’ Federal income taxes:
Taxpayers) Docket No. Year(s) Deficiency
Richard A. Skripak 745-79 1975 $4,480.30
and Renee K. Skripak (increased to $6,820 by amendment to answer)
William Frank McCall, Jr. 5914-79 1975 4,857.00 (increased to $9,846 by amendment to answer)
Edgar A. Neely, Jr., 11391-79 1975 14,560.54
and Ruth N. Neely 1976 16,675.36
Estate of Archer B. Glenn, Jr. 15040-79 1975 42,040.37
Thomas S. Wallace and Martha Wallace 15667-79 1975 16,208.10
J.W. Lynn, Jr., and Nancy C. Lynn 16214-79 1976 7,911.00
Matt…
2Cases cited41 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Gregory v. HelveringSupreme Court of the United States · 1935
- Corliss v. BowersSupreme Court of the United States · 1930
- George v. Zmuda and Walburga Zmuda v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1984
- Grodt & McKay Realty, Inc. v. CommissionerUnited States Tax Court · 1981
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3Cited by94 opinions
- Parker v. CommissionerUnited States Tax Court · 1986
- Rose v. CommissionerUnited States Tax Court · 1987
- Chiu v. CommissionerUnited States Tax Court · 1985
- Kenneth Allen Barbara Allen v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1991
- Allen v. CommissionerUnited States Tax Court · 1989
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