Thompson v. Commissioner
United States Tax Court
Held:Sec. 162, I.R.C. 1954, deduction for payments made to avoid damage to business reputation determined. Similar payments motivated by sense of integrity and to maintain and enhance personal reputation nondeductible.
1Opinion of the Court
WILLIAM A. THOMPSON, JR., AND BETTY A. THOMPSON, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Thompson v. Commissioner
Docket No. 2335-82.
United States Tax Court
T.C. Memo 1983-487; 1983 Tax Ct. Memo LEXIS 297; 46 T.C.M. (CCH) 1109; T.C.M. (RIA) 83487;
August 16, 1983.
Held:Sec. 162, I.R.C. 1954, deduction for payments made to avoid damage to business reputation determined. Similar payments motivated by sense of integrity and to maintain and enhance personal reputation nondeductible.
Frederick L. Russell and Robert E. Stroud, for the petitioners.
William L. Ringuette, for the…
2Cases cited9 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Tauber v. CommissionerUnited States Tax Court · 1955
- Lesly Cohen v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1959
- Marks v. CommissionerUnited States Tax Court · 1956
- Gossett v. CommissionerUnited States Board of Tax Appeals · 1931
4 more not listed; retrieve them via the Exa API.