Haspel v. Commissioner
United States Tax Court
Plaza Inn and its predecessors wanted to erect a hotel. They hired a firm of architects to design the entire building. After the foundation had been constructed, the plans for the superstructure, as designed by the original architects, were abandoned as too costly. A second firm of architects designed a different superstructure to be constructed upon the existing foundation; this second superstructure was eventually built.
Read the full summary
Plaza Inn and its predecessors wanted to erect a hotel. They hired a firm of architects to design the entire building. After the foundation had been constructed, the plans for the superstructure, as designed by the original architects, were abandoned as too costly. A second firm of architects designed a different superstructure to be constructed upon the existing foundation; this second superstructure was eventually built. Held, the petitioners are not entitled to an abandonment loss under the provisions of sec. 165(a) for the plans which were rejected, since the original architects' plans…
1Opinion of the Court
Robert B. Haspel and Shirley K. Haspel, et al., 1 Petitioners v. Commissioner of Internal Revenue, Respondent
Haspel v. Commissioner
Docket Nos. 4365-71, 4366-71, 4461-71, 8127-71, 8111-71, 8112-71, 3238-72
United States Tax Court
62 T.C. 59; 1974 U.S. Tax Ct. LEXIS 123; 62 T.C. No. 8;
April 18, 1974, Filed
Decisions will be entered for the respondent in docket Nos. 8111-71 and 8112-71.
Decisions will be entered under Rule 155 in docket Nos. 4365-71, 4366-71, 4461-71, 8127-71, and 3238-72.
Plaza Inn and its predecessors wanted to erect a hotel. They hired a firm of architects to design the entire…
2Cases cited11 opinions
- Galt v. CommissionerUnited States Tax Court · 1953
- Coors Porcelain Co. v. CommissionerUnited States Tax Court · 1969
- Driscoll v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1945
- Burke v. CommissionerUnited States Tax Court · 1959
- Stanley Burke v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1960
6 more not listed; retrieve them via the Exa API.