Legal Opinion
Joseph B. Durrett, Jr. And Carolyn C. Durrett v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided January 2, 1996No. 94-41264PublishedCited by 28 opinions
1Opinion of the Court
POLITZ, Chief Judge:
Taxpayers, Joseph B. and Carolyn C. Dur-rett, appeal the Tax Court’s decision upholding the penalties assessed by the Commis sioner of Internal Revenue. We affirm in part and reverse in part.
Background
The Durretts were among several thousand investors who participated in the late 1970s and early 1980s in the First Western tax shelter program. In Freytag v. Commissioner of Internal Revenue 1 we reviewed that program and determined that it was a sham. 2
The Durretts claimed ordinary loss deductions of $148,795 (1979); $391,422(1980); and $398,043 (1981). After Freytag, the…
2Cases cited8 opinions
- Freytag v. CommissionerSupreme Court of the United States · 1991
- United States v. BoyleSupreme Court of the United States · 1985
- David E. Heasley and Kathleen Heasley v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1990
- Avatar Exploration, Inc., Vernon C. Moyers, Jr., and Specter Exploration, Inc. v. Chevron, U.S.A., Inc.Court of Appeals for the Fifth Circuit · 1991
- Carol DAVES, Plaintiff-Appellant, v. PAYLESS CASHWAYS, INC., Defendant-AppelleeCourt of Appeals for the Fifth Circuit · 1981
3 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Duffie v. United StatesCourt of Appeals for the Fifth Circuit · 2010
- Stobie Creek Investments, LLC v. United StatesUnited States Court of Federal Claims · 2008
- Streber v. CommissionerCourt of Appeals for the Fifth Circuit · 1998
- Rebecca Jo Reser v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1997
- Harvey v. ChristopherSupreme Court of The Virgin Islands · 2011
23 more not listed; retrieve them via the Exa API.