Leidesdorf v. Commissioner
United States Board of Tax Appeals
Attorney fees paid in defense of a suit instituted against petitioner held to be deductible as a business expense.
1Opinion of the Court
OPINION.
Arundell :
The respondent disallowed as a deduction the sum of $22,636.52 expended by the petitioner for attorney fees in 1926, and determined a deficiency in income tax in the amount of $5,659.14. The petitioner claims such action to be error, on the ground that the amount was paid in connection with the conduct of a trade or business in which he was engaged.
Since about 1917 the petitioner, in addition to his work as a certified public accountant, has devoted a great deal of his time participating in real estate projects. His activities in that line consisted of determining whether a…
2Cases cited1 opinion
- Kornhauser v. United StatesSupreme Court of the United States · 1928
3Cited by6 opinions
- Rassenfoss v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1946
- Industrial Aggregate Company, a Corporation v. United StatesCourt of Appeals for the Eighth Circuit · 1960
- Reakirt v. CommissionerUnited States Board of Tax Appeals · 1934
- Rassenfoss v. CommissionerUnited States Tax Court · 1945
- Leidesdorf v. CommissionerUnited States Board of Tax Appeals · 1932
1 more not listed; retrieve them via the Exa API.