Legal Opinion
Young v. Commissioner
Court of Appeals for the Eleventh Circuit
Decided March 19, 1991No. Nos. 89-6213, 89-6231 and 89-6246PublishedCited by 26 opinions
1Opinion of the Court
DYER, Senior Circuit Judge:
Three sets of taxpayers 1 seek review of tax court decisions denying their petitions for redetermination of deficiencies with respect to losses claimed on investments in computer equipment leasing activities. The tax court concluded that a portion of the claimed losses under long-term installment partial recourse notes used to purchase equipment were in substance nonre-course obligations and subject to a loss-limiting arrangement. The amount of the allowed deductions was limited to the amounts for which the investors were “at risk” within the meaning of the Internal *1086…
2Cases cited29 opinions
- Foman v. DavisSupreme Court of the United States · 1962
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- Dandridge v. WilliamsSupreme Court of the United States · 1970
- Automobile Club of Mich. v. CommissionerSupreme Court of the United States · 1957
- Helvering v. GowranSupreme Court of the United States · 1937
24 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Powers v. United StatesCourt of Appeals for the Eleventh Circuit · 1993
- Estate of Gerald L. Wallace, Deceased, Celia A. Wallace, and Celia A. Wallace v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 1992
- Annie Mae Williams v. Homestake Mortgage Co., Ignacio Goldemberg and Adriana GoldembergCourt of Appeals for the Eleventh Circuit · 1992
- Richard D. Bokum, Ii, Margaret B. Bokum v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 1993
- John J. Waters and Jeanne M. Waters v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1992
21 more not listed; retrieve them via the Exa API.