Frick v. Commissioner
United States Tax Court
(1) In 1967 and 1968, the years in issue, petitioner owned certain lots, acquired in 1959, some of which were sold in the years in issue. Held, although this Court previously held that this same petitioner could add the amount of certain special assessments to his basis used in connection with the sale of certain other lots, the doctrine of collateral estoppel does not apply to the position maintained by the Commissioner in this case.
Read the full summary
(1) In 1967 and 1968, the years in issue, petitioner owned certain lots, acquired in 1959, some of which were sold in the years in issue. Held, although this Court previously held that this same petitioner could add the amount of certain special assessments to his basis used in connection with the sale of certain other lots, the doctrine of collateral estoppel does not apply to the position maintained by the Commissioner in this case. Held, further, in 1967 and 1968, petitioner may not deduct the principal portion of special sewer assessments; however, in connection with the sales of lots in…
1Opinion of the Court
C. FREDERICK and PATRICIA B. FRICK, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Frick v. Commissioner
Docket No. 8351-71.
United States Tax Court
T.C. Memo 1976-343; 1976 Tax Ct. Memo LEXIS 59; 35 T.C.M. (CCH) 1572; T.C.M. (RIA) 760343;
November 11, 1976, Filed(1) In 1967 and 1968, the years in issue, petitioner owned certain lots, acquired in 1959, some of which were sold in the years in issue. Held, although this Court previously held that this same petitioner could add the amount of certain special assessments to his basis used in connection with the sale of certain other lots,…
2Cases cited12 opinions
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Commissioner v. SunnenSupreme Court of the United States · 1948
- United States v. Consolidated Edison Co. of NYSupreme Court of the United States · 1961
- Estate of Scharf v. CommissionerUnited States Tax Court · 1962
- Pelham Hall Co. v. HassettCourt of Appeals for the First Circuit · 1945
7 more not listed; retrieve them via the Exa API.