Legal Opinion
Clement L. Hirsch v. Commissioner of Internal Revenue
Court of Appeals for the Ninth Circuit
Decided March 22, 1963No. 17779PublishedCited by 206 opinions
1Opinion of the Court
PENCE, District Judge.
This is another tax case involving the question of whether the Tax Court correctly held that the petitioner-appellant (taxpayer) was not entitled to deduct, from his federal income taxes certain expenses paid and a worthless debt, suffered by him, as not having been incurred in the taxpayer’s trade or business.
Such facts as found by the Tax Court which we deem here pertinent may be summarized as follows:
The Las Vegas Thoroughbred Racing Association, organized to build a racetrack in Las Vegas, Nevada, was finan- daily unsuccessful and became the subject of a bankruptcy…
2Cases cited21 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Commissioner v. HeiningerSupreme Court of the United States · 1943
- Higgins v. CommissionerSupreme Court of the United States · 1941
- John M. Trent and Lisa M. Trent v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1961
- Calvin E. Wright, District Director of Internal Revenue v. Richard v. Hartsell, Marjorie HartsellCourt of Appeals for the Ninth Circuit · 1962
16 more not listed; retrieve them via the Exa API.
3Cited by206 opinions
- Jasionowski v. CommissionerUnited States Tax Court · 1976
- E.A. Brannen and Frances K. Brannen v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 1984
- Brannen v. CommissionerUnited States Tax Court · 1982
- Margit Sigray Bessenyey v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1967
- Siegel v. CommissionerUnited States Tax Court · 1982
201 more not listed; retrieve them via the Exa API.