Legal Opinion
Jack C. Chilingirian Joann E. Chilingirian v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided November 14, 1990No. 89-2313PublishedCited by 17 opinions
1Opinion of the Court
BOYCE F. MARTIN, Jr., Circuit Judge.
Jack and Joann Chilingirian appeal the tax court’s decision of August 14, 1989, based on its opinion reported at T.C. Memo 1986-463, 52 T.C.M. (CCH) 606 (Sept. 22, 1986), holding them liable for deficiencies in their federal income taxes for tax years 1978, 1979 and 1980. We affirm.
The only real issue on appeal is how to treat unrealized gain from foreclosure sales for tax purposes.
In 1972, the Chilingirians, together with two partners, purchased a building known as the Crocker Professional Center in Mount Clemens, Michigan. In 1974, the Chilingirians…
2Cases cited8 opinions
- Crane v. CommissionerSupreme Court of the United States · 1947
- Commissioner v. TuftsSupreme Court of the United States · 1983
- W. Frank Lee, Jr., as Administrator of the Estate of W. Frank Lee, Deceased, and Anne H. Lee, Surviving Wife v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1956
- Paccar, Inc. And Subsidiaries v. Commissioner Internal Revenue ServiceCourt of Appeals for the Ninth Circuit · 1988
- Estate of Anthony Geraci, Deceased, Norma Geraci v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1974
3 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- In Re AJ Lane & Co., Inc.United States Bankruptcy Court, D. Massachusetts · 1991
- Cox v. CommissionerCourt of Appeals for the Fifth Circuit · 1995
- 2925 Briarpark, Ltd. v. CommissionerCourt of Appeals for the Fifth Circuit · 1999
- Aizawa v. CommissionerUnited States Tax Court · 1992
- Powell v. CommissionerCourt of Appeals for the Tenth Circuit · 2009
12 more not listed; retrieve them via the Exa API.