Kranc v. Commissioner
United States Tax Court
Petitioner's records were seized from and returned to their accountant's offices in an independent investigation by respondent's agents, but have since been lost. Petitioners offered no testimony or other evidence to substantiate claimed deductions. Held: petitioners' deductions disallowed, as they have not met their burden of proof.
1Opinion of the Court
JOHN M. KRANC AND LOUISE G. KRANC, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Kranc v. Commissioner
Docket No. 14432-82.
United States Tax Court
T.C. Memo 1987-343; 1987 Tax Ct. Memo LEXIS 343; 53 T.C.M. (CCH) 1330; T.C.M. (RIA) 87343;
July 13, 1987
Petitioner's records were seized from and returned to their accountant's offices in an independent investigation by respondent's agents, but have since been lost. Petitioners offered no testimony or other evidence to substantiate claimed deductions. Held: petitioners' deductions disallowed, as they have not met their burden of proof.
John…
2Cases cited2 opinions
- Utley v. St. PetersburgSupreme Court of the United States · 1934
- Barone v. CommissionerUnited States Tax Court · 1985
3Cited by1 opinion
- Cook v. CommissionerUnited States Tax Court · 1991