Legal Opinion
Israelson v. United States
District Court, D. Maryland
Decided December 7, 1973No. Civ. 72-948-TPublishedCited by 17 opinions
1Opinion of the Court
THOMSEN, District Judge.
Plaintiffs seek to recover $5,925.33 of federal income taxes paid as a deficiency for 1967 and $1,371.63 of interest paid with that deficiency. 1 Bernice Israelson is a party to the action only because she filed a joint federal tax return with her husband, Max R. Israel-son.
I
The principal question presented is whether $16,308.92 out of a total of $21,155.00 of interest expense claimed by the plaintiffs for 1967 was properly disallowed by the Internal Revenue Service under the provisions of section 265, Internal Revenue Code of 1954, which provides:
“No deduction shall…
2Cases cited15 opinions
- Automobile Club of Mich. v. CommissionerSupreme Court of the United States · 1957
- The Wisconsin Cheeseman, Inc. v. United StatesCourt of Appeals for the Seventh Circuit · 1968
- Andress v. CommissionerUnited States Tax Court · 1969
- Wm. Andress, Jr., and Devona C. Andress v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1970
- John E. Leslie and Evelyn G. Leslie v. Commissioner of the Internal RevenueCourt of Appeals for the Second Circuit · 1969
10 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Ellis I. And Nelle S. Levitt, Appellants-Appellees v. United States of America, Appellees-AppellantsCourt of Appeals for the Eighth Circuit · 1975
- Investors Diversified Services, Inc. v. United StatesUnited States Court of Claims · 1978
- Handy Button Machine Co. v. CommissionerUnited States Tax Court · 1974
- Swenson Land & Cattle Co. v. CommissionerUnited States Tax Court · 1975
- Fleming v. Citizens for Albemarle, Inc.Court of Appeals for the Fourth Circuit · 1978
12 more not listed; retrieve them via the Exa API.