Hessert v. Commissioner
United States Tax Court
Expenditure of $9,050 by petitioner in 1937 to retire an indebtedness of a corporation of whose stock he owned 80 per cent held not a deductible expense. Expenditure of $3,580.30 by petitioner in 1937 for legal services rendered in defending a patent infringement suit against such corporation held not an expense deductible by petitioner.
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Expenditure of $9,050 by petitioner in 1937 to retire an indebtedness of a corporation of whose stock he owned 80 per cent held not a deductible expense. Expenditure of $3,580.30 by petitioner in 1937 for legal services rendered in defending a patent infringement suit against such corporation held not an expense deductible by petitioner. Expenditure of $2,319.70 by petitioner for legal services rendered in negotiating and drafting a contract between petitioner and Remington Rand, Inc. whereby petitioner individually was to receive royalties on a patent held a deductible expense under section…
1Opinion of the Court
Raymond M. Hessert v. Commissioner.
Hessert v. Commissioner
Docket No. 107336.
United States Tax Court
1943 Tax Ct. Memo LEXIS 346; 1 T.C.M. (CCH) 932; T.C.M. (RIA) 43187;
April 22, 1943
Expenditure of $9,050 by petitioner in 1937 to retire an indebtedness of a corporation of whose stock he owned 80 per cent held not a deductible expense.
Expenditure of $3,580.30 by petitioner in 1937 for legal services rendered in defending a patent infringement suit against such corporation held not an expense deductible by petitioner.
Expenditure of $2,319.70 by petitioner for legal services rendered in…
2Cases cited3 opinions
- Miller v. CommissionerUnited States Board of Tax Appeals · 1938
- Gaylord v. CommissionerUnited States Board of Tax Appeals · 1940
- Maloney Electric Co. v. CommissionerUnited States Board of Tax Appeals · 1940