Legal Opinion
Vincent Cefalu and Frances P. Cefalu v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided February 29, 1960No. 17714PublishedCited by 140 opinions
1Opinion of the Court
WISDOM, Circuit Judge.
The Court is asked to review a Tax Court decision upholding income tax deficiencies and fraud penalties levied by the Commissioner of Internal Revenue against petitioners Vincent and Frances P. Cefalu for the years 1943-1947. 1 Two questions are presented: (1) Did the Tax Court properly apply the net worth method of computing unreported income? (2) Does the evidence support the imposition of fraud penalties against the taxpayers ? We affirm the holding of the Tax Court.
Vincent Cefalu emigrated from Italy to the United States in 1912when he was sixteen years old. He began…
2Cases cited20 opinions
- Holland v. United StatesSupreme Court of the United States · 1955
- Smith v. United StatesSupreme Court of the United States · 1954
- Mitchell v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1941
- United States v. CalderonSupreme Court of the United States · 1954
- Lewis Thurston Anderson and Clyde Velma Anderson, Lewis Thurston Anderson v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1957
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3Cited by140 opinions
- Stone v. CommissionerUnited States Tax Court · 1971
- Otsuki v. CommissionerUnited States Tax Court · 1969
- Bolen Webb and Cornelia Webb v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1968
- Condor Merritt v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1962
- Harper v. CommissionerUnited States Tax Court · 1970
135 more not listed; retrieve them via the Exa API.