Legal Opinion
Eugene Coloman and Louise D. L. Coloman v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided July 14, 1976No. 74-2537PublishedCited by 32 opinions
1Opinion of the Court
OPINION
CONTI, District Judge:
These are consolidated appeals from the decision of the United States Tax Court (T.C.Memo. 74-78, March 28, 1974) upholding the Commissioner’s determination of deficiencies in appellants’ income tax for the years 1967 through 1970. During those years taxpayers claimed on their tax returns loss deductions arising from certain corporate stock they held which they allege became worthless. The Tax Court held that the taxpayers had failed to establish any basis in the stock, that its basis was, therefore, zero, and by implication that the Commissioner’s disallowance of…
2Cases cited6 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Peter Vaira and Mary L. Vaira v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1971
- Orrisch v. CommissionerUnited States Tax Court · 1970
- Herald A. O'Neill and G. Evelyn O'neill, His Wife v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1959
1 more not listed; retrieve them via the Exa API.
3Cited by32 opinions
- United States v. Alexander E. MarabellesCourt of Appeals for the Ninth Circuit · 1984
- Joseph Edelson and Harriet Edelson v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1987
- Tigers Eye Trading, LLC v. Comm'rUnited States Tax Court · 2012
- Better Beverages, Inc. v. United StatesCourt of Appeals for the Fifth Circuit · 1980
- Estate of Ervin A. Reinke, Deceased Marion Reinke, Personal Representative Marion Reinke v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1995
27 more not listed; retrieve them via the Exa API.