May v. Commissioner
United States Tax Court
Petitioner claimed as an itemized interest deduction an amount paid to respondent for failure to pay timely her proper tax liabilities. Sec. 6651(a)(2). Held, the above amount does not represent interest and does not constitute an allowable deduction.
1Opinion of the Court
Frances J. May, Petitioner v. Commissioner of Internal Revenue, Respondent
May v. Commissioner
Docket No. 9256-74
United States Tax Court
65 T.C. 1114; 1976 U.S. Tax Ct. LEXIS 147;
March 10, 1976, Filed
Decision will be entered under Rule 155.
Petitioner claimed as an itemized interest deduction an amount paid to respondent for failure to pay timely her proper tax liabilities. Sec. 6651(a)(2). Held, the above amount does not represent interest and does not constitute an allowable deduction.
S. Gordon Shreffler, for the petitioner.
Thomas J. Miller, for the respondent.
Sterrett, Judge.
STERRETT
OPINION
The…
2Cases cited3 opinions
- Tank Truck Rentals, Inc. v. CommissionerSupreme Court of the United States · 1958
- May v. CommissionerUnited States Tax Court · 1976
- Reuter v. CommissionerUnited States Tax Court · 1961