Beck v. Commissioner
United States Tax Court
Held: The benefits and burdens of ownership of units of cattle did not pass to petitioners in the year of purported acquisition. Held further, alleged indebtedness was not genuine since neither debtor nor creditor intended it to be paid.
1Opinion of the Court
ROBERT L. and EILEEN T. BECK, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent; JOHN F. THORNTON, JR., and MAUREEN J. THORNTON, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Beck v. Commissioner
Docket Nos. 24153-84; 28832-84.
United States Tax Court
T.C. Memo 1987-359; 1987 Tax Ct. Memo LEXIS 359; 53 T.C.M. (CCH) 1406; T.C.M. (RIA) 87359;
July 22, 1987.
Held: The benefits and burdens of ownership of units of cattle did not pass to petitioners in the year of purported acquisition. Held further, alleged indebtedness was not genuine since neither debtor nor creditor intended…
2Cases cited6 opinions
- Frank Lyon Co. v. United StatesSupreme Court of the United States · 1978
- Commissioner v. BrownSupreme Court of the United States · 1965
- Grodt & McKay Realty, Inc. v. CommissionerUnited States Tax Court · 1981
- Fono v. CommissionerUnited States Tax Court · 1982
- Houchins v. CommissionerUnited States Tax Court · 1982
1 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Cherin v. CommissionerUnited States Tax Court · 1987
- Cherin v. CommissionerUnited States Tax Court · 1987
- NORTHERN TELECOM INC. v. COMMISSIONERUnited States Tax Court · 2001