Legal Opinion
Stanley Burke v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided October 31, 1960No. 16611PublishedCited by 23 opinions
1Opinion of the Court
POWELL, District Judge.
This is a review of a decision of the Tax Court of the United States pursuant to 26 U.S.C.A. § 7482. In its decision, 32 T.C. 775, the Tax Court upheld the commissioner’s disallowance of a claimed abandonment loss in the year of 1950.
In 1950 petitioner Burke was a resident of North Sacramento, California. He filed his return reporting his income in accordance with the cash receipts and disbursements method.
In early 1946 Burke was approached by parties who desired that he invest money in the construction of a luxury hotel at Las Vegas, Nevada. He was requested to advance…
2Cases cited7 opinions
- Harold Wener v. Commissioner of Internal Revenue, Molly Wener v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1957
- Ersel H. Beus and Anna Beus, W. J. Beus, and Leone Beus v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1958
- Commissioner of Internal Revenue v. McCarthyCourt of Appeals for the Seventh Circuit · 1942
- Merriman H. Holtz and Helene Tyroll Holtz v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1958
- Burke v. CommissionerUnited States Tax Court · 1959
2 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- A. J. Industries, Inc. v. United StatesCourt of Appeals for the Ninth Circuit · 1974
- Louisville and Nashville Railroad Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1981
- Louisville & N. R. Co. v. CommissionerUnited States Tax Court · 1976
- Tanforan Co., Inc. v. United StatesCourt of Appeals for the Ninth Circuit · 1972
- A. J. Industries, Inc. v. The United StatesUnited States Court of Claims · 1967
18 more not listed; retrieve them via the Exa API.