Ketchum v. Commissioner
United States Tax Court
H and W filed a joint Federal income tax return for 1974, reporting a loss on Schedule E attributable to X, a subch. S corporation owned by H. Respondent determined that X should have reported taxable income of $ 24,982.74, rather than the earlier claimed loss.
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H and W filed a joint Federal income tax return for 1974, reporting a loss on Schedule E attributable to X, a subch. S corporation owned by H. Respondent determined that X should have reported taxable income of $ 24,982.74, rather than the earlier claimed loss. Respondent therefore disallowed the loss claimed by H and W on their individual return, and further asserted a deficiency for the failure to report income of $ 24,982.74. W did not contest respondent's determination on the merits, but rather sought relief as an "innocent spouse." Held, amounts disclosed on the subch. S return cannot be…
1Opinion of the Court
Susan L. Ketchum, Petitioner v. Commissioner of Internal Revenue, Respondent
Ketchum v. Commissioner
Docket No. 6032-78
United States Tax Court
77 T.C. 1204; 1981 U.S. Tax Ct. LEXIS 15;
December 7, 1981, Filed
Decision will be entered under Rule 155.
H and W filed a joint Federal income tax return for 1974, reporting a loss on Schedule E attributable to X, a subch. S corporation owned by H. Respondent determined that X should have reported taxable income of $ 24,982.74, rather than the earlier claimed loss. Respondent therefore disallowed the loss claimed by H and W on their individual return, and…
2Cases cited18 opinions
- Bettye A. Sanders v. United StatesCourt of Appeals for the Fifth Circuit · 1975
- Sonnenborn v. CommissionerUnited States Tax Court · 1971
- Howard B. Quinn and Charlotte J. Quinn v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1975
- Adams v. CommissionerUnited States Tax Court · 1973
- Quinn v. CommissionerUnited States Tax Court · 1974
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