Legal Opinion
George F. Arata and Carolyn M. Arata v. Commissioner of Internal Revenue
Court of Appeals for the Second Circuit
Decided April 27, 1960No. 204, Docket 25661PublishedCited by 12 opinions
1Opinion of the Court
LUMBARD, Chief Judge.
The primary issues presented to us by this petition for review of a decision of the Tax Court are whether “losses” suffered by one of the taxpayers were losses “incurred in a trade or business” or “losses incurred in any transaction entered into for profit” and therefore deductible under § 23(e) (1) or (2) of the Internal Revenue Code of 1939, 26 U.S.C.A. § 23(e) (1, 2). Also presented is the question whether the taxpayers are excused from the requirement of filing a declaration of estimated tax because their final return for the year showed that a refund was due them,…
2Cases cited8 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Helvering v. National Grocery Co.Supreme Court of the United States · 1938
- Burnet v. ClarkSupreme Court of the United States · 1932
- Commissioner v. AckerSupreme Court of the United States · 1959
- Ewing v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1954
3 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- James E. Austin and Elizabeth G. Austin v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1962
- Gilbert R. Miller and Rita Miller v. Commissioner of Internal Revenue, James B. Kurtz and Katherine Kurtz v. Commissioner of Internal Revenue, W.C. Kurtz, Jr. And Alma Mae Kurtz v. Commissioner of Internal Revenue, Dorchester Partners, Edward O. Thorp and Vivian S. Thorp I.C. Hemmings Chicago Board of Trade and Chicago Mercantile Exchange, Amici CuriaeCourt of Appeals for the Tenth Circuit · 1988
- Miller v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1988
- Frantz v. CommissionerUnited States Tax Court · 1984
- McGlothlin v. CommissionerUnited States Tax Court · 1965
7 more not listed; retrieve them via the Exa API.