Legal Opinion
Brown v. Commissioner
Court of Appeals for the Seventh Circuit
Decided September 11, 2012No. 11-2508PublishedCited by 7 opinions
1Opinion of the Court
POSNER, Circuit Judge.
The Tax Court ruled that the petitioners, a married couple filing a joint return, had underpaid federal income tax for 2005 by $8,553. The court assessed a deficiency equal to that amount and tacked on a penalty of $1,711 (20 percent of the deficiency, the IRS apparently having rounded off $1710.60 to $1711).
The basis of the deficiency was the taxpayers’ failure to include in their taxable income for that year income realized by Mr. Brown upon the cancellation of a $100,000 life insurance policy that he owned, a whole life policy issued to him by Northwestern Mutual Life…
2Cases cited8 opinions
- United States v. BoyleSupreme Court of the United States · 1985
- Nick Kikalos and Helen Kikalos v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1999
- Indianapolis Life Insurance Company and Subsidiary v. United StatesCourt of Appeals for the Seventh Circuit · 1997
- Prairie States Life Insurance Co. v. United StatesCourt of Appeals for the Eighth Circuit · 1987
- Jonathan P. Wolff and Margaret A. Wolff v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1998
3 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- Allen v. United StatesDistrict Court, E.D. Wisconsin · 2018
- Furnish v. Comm'rUnited States Tax Court · 2013
- Jeffrey J. Furnish v. CommissionerUnited States Tax Court · 2013
- Mark Hexum v. CIRCourt of Appeals for the Seventh Circuit · 2018
- Samuel & Lilian Brach v. CommissionerUnited States Tax Court · 2013
2 more not listed; retrieve them via the Exa API.