Legal Opinion
Chapman v. United States
District Court, D. Minnesota
Decided December 14, 1981No. Civ. 4-80-558PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM AND ORDER
MacLAUGHLIN, District Judge.
This matter is before the Court on cross motions by the parties for summary judgment. The parties have stipulated to the facts. The only issue is whether the plaintiffs are entitled to a $15,000 deduction represented by a letter of credit. For the reasons stated herein, the defendant’s motion for summary judgment will be granted.
The plaintiffs Loyal H. and Mildred A. Chapman, Minnesota residents, were disallowed a business deduction of $15,000 on their joint income tax return for the taxable year ending December 31, 1973. Be cause of the…
2Cases cited5 opinions
- Eckert v. BurnetSupreme Court of the United States · 1931
- Spiegel v. CommissionerUnited States Tax Court · 1949
- McAdams v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1952
- Baltimore Dairy Lunch, Inc., a Corporation v. United StatesCourt of Appeals for the Eighth Circuit · 1956
- Granan v. CommissionerUnited States Tax Court · 1971
3Cited by5 opinions
- Willamette Indus. v. CommissionerUnited States Tax Court · 1989
- Concord Instruments Corp. v. CommissionerUnited States Tax Court · 1994
- John E. Rogers & Frances L. Rogers v. CommissionerUnited States Tax Court · 2018
- Black v. CommissionerUnited States Tax Court · 1987
- Willamette Indus. v. CommissionerUnited States Tax Court · 1989