Weir v. Commissioner
United States Tax Court
Held: (1) Certain checks issued by corporations owned or controlled by petitioner, Paul Weir, during the taxable years constituted income to Paul. The amounts determined. (2) Petitioner realized short-term capital gain from the sale of the Mansfield Apartments. The amount determined.
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Held: (1) Certain checks issued by corporations owned or controlled by petitioner, Paul Weir, during the taxable years constituted income to Paul. The amounts determined. (2) Petitioner realized short-term capital gain from the sale of the Mansfield Apartments. The amount determined. (3) Certain losses sustained by petitioner in 1949 were from non-business debts within the meaning of section 23(k)(4), I.R.C. of 1939. (4) Respondent has not established that any part of the deficiencies for the years involved were due to fraud with intent to evade tax.
1Opinion of the Court
Paul V. Weir and Margaret G. Weir v. Commissioner. Paul V. Weir v. Commissioner.
Weir v. Commissioner
Docket Nos. 48882, 49550.
United States Tax Court
T.C. Memo 1958-158; 1958 Tax Ct. Memo LEXIS 69; 17 T.C.M. (CCH) 781; T.C.M. (RIA) 58158;
August 21, 1958
Held: (1) Certain checks issued by corporations owned or controlled by petitioner, Paul Weir, during the taxable years constituted income to Paul. The amounts determined.(2) Petitioner realized short-term capital gain from the sale of the Mansfield Apartments. The amount determined.(3) Certain losses sustained by petitioner in 1949 were from…
2Cases cited25 opinions
- Holland v. United StatesSupreme Court of the United States · 1955
- Commissioner v. FlowersSupreme Court of the United States · 1946
- Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1929
- Interstate Circuit, Inc. v. United StatesSupreme Court of the United States · 1939
- Higgins v. CommissionerSupreme Court of the United States · 1941
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