Joseph J. Zilber and Vera Zilber v. United States

This suit was brought for the refund of income taxes collected from plaintiffs (husband and wife) residing in Milwaukee, Wisconsin. The taxable years, in question are 1971 and 1972. Joint federal income tax returns were filed for those and earlier years. The case was disposed of upon the parties’ stipulation of facts which showed as follows:

For 1971, plaintiffs reported for federal income tax purposes gross taxable salaries of $101,000, dividends of $8,874 and interest of $87,486. They also reported a net operating loss of $462,067 “resulting primarily from losses of partnerships in which…