Cameron v. Commissioner
United States Tax Court
P was first employed by the Internal Revenue Service on Oct. 1, 1958. On Apr. 1, 1960, P resigned his job. Shortly thereafter, he received a refund of the contributions he had made to the U.S. Civil Service Retirement and Disability Fund. On June 27, 1960, P was reemployed by the Internal Revenue Service. He then elected to redeposit the amount previously refunded, plus interest, under an installment payment plan.
Read the full summary
P was first employed by the Internal Revenue Service on Oct. 1, 1958. On Apr. 1, 1960, P resigned his job. Shortly thereafter, he received a refund of the contributions he had made to the U.S. Civil Service Retirement and Disability Fund. On June 27, 1960, P was reemployed by the Internal Revenue Service. He then elected to redeposit the amount previously refunded, plus interest, under an installment payment plan. In 1977, P paid the final installment and all interest charges that had accrued since the time of the refund. Held, such interest payments are not deductible under sec. 163, I.R.C.…
1Opinion of the Court
OPINION
Nims, Judge:
Respondent determined a deficiency in petitioners’ Federal income tax for the taxable year 1977 of $144. The issue for decision is whether petitioners may deduct under section 1631 certain payments made by petitioner-husband to the U.S. Civil Service Retirement and Disability Fund subsequent to his reemployment by the Internal Revenue Service.
All of the facts have been stipulated and are found accordingly.
Petitioners Thomas W. Cameron (petitioner) and Ingrid L. Cameron, husband and wife, resided at San Rafael, Calif., at the time they filed the petition.
Petitioner began…
2Cases cited14 opinions
- Knetsch v. United StatesSupreme Court of the United States · 1960
- Blum v. BaconSupreme Court of the United States · 1982
- Autenreith v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1940
- Dean v. CommissionerUnited States Tax Court · 1961
- Mills v. CommissionerUnited States Tax Court · 1948
9 more not listed; retrieve them via the Exa API.
3Cited by2 opinions
- Cameron v. CommissionerUnited States Tax Court · 1983
- Drake v. United StatesDistrict Court, M.D. North Carolina · 1984