Legal Opinion
James S. Abrams and Marguerite Abrams v. United States
Court of Appeals for the Second Circuit
Decided October 12, 1971No. 71-1259_1PublishedCited by 22 opinions
1Per curiam
The appellants, James S. and Marguerite Abrams, filed a joint income tax return for 1960 fully reporting and deducting a racing stable loss of $10,211.-00 and a farm loss of $28,021.00. The Internal Revenue Service audited the return and disallowed both items and also discovered a negligent failure to report other income totalling $11,333.01. An additional tax of $33,568.99 was assessed upon the disallowed losses and a tax of $5,748.39 on the unreported income. A five percent penalty was further assessed in the sum of $1,965.87; allocating $287.42 on the tax due for negligently unreported…
2Cases cited11 opinions
- Bolen Webb and Cornelia Webb v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1968
- Carlos and Jacqueline Marcello v. Commissioner of Internal Revenue, Joseph, Jr. And Anastasia Marcello v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1967
- Margit Sigray Bessenyey v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1967
- Marcello v. CommissionerUnited States Tax Court · 1964
- Robinson's Dairy, Inc. v. CommissionerUnited States Tax Court · 1961
6 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- United States v. Ven-Fuel, Inc.Court of Appeals for the First Circuit · 1985
- Commissioner v. Asphalt Products Co.Supreme Court of the United States · 1987
- Asphalt Products Co., Inc., Cross-Appellee v. Commissioner of Internal Revenue, Cross-AppellantCourt of Appeals for the Sixth Circuit · 1986
- In Re Schultz Broadway Inn, Ltd.United States Bankruptcy Court, W.D. Missouri · 1988
- Hoyle v. CommissionerUnited States Tax Court · 1994
17 more not listed; retrieve them via the Exa API.