Legal Opinion
Ronald P. Anselmo and Kay W. Anselmo v. Commissioner, Internal Revenue
Court of Appeals for the Eleventh Circuit
Decided April 16, 1985No. 83-5569PublishedCited by 89 opinions
1Opinion of the Court
TJOFLAT, Circuit Judge:
This “charitable contribution” tax case presented the Tax Court with a classic battle of experts on the issue of the fair market value of the donated property, 461 low-quality Bolivian gems. The Commissioner’s experts valued the gems as if they had been sold in bulk to a manufacturer of jewelry; the taxpayers' experts valued the gems as components of finished pieces of jewelry sold at retail. The Tax Court found that a different market was the most appropriate one for assessing fair market value and, concluding that neither side had rebutted the presumption of…
2Cases cited13 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Helvering v. TaylorSupreme Court of the United States · 1935
- United States v. CartwrightSupreme Court of the United States · 1973
- National Muffler Dealers Assn., Inc. v. United StatesSupreme Court of the United States · 1979
- Reiff v. CommissionerUnited States Tax Court · 1981
8 more not listed; retrieve them via the Exa API.
3Cited by89 opinions
- Myron G. Sammons and Dorothy Sammons, Petitioners-Appellees/cross-Appellants v. Commissioner of Internal Revenue, Cross-AppelleeCourt of Appeals for the Ninth Circuit · 1988
- Martin Ice Cream Co. v. Comm'rUnited States Tax Court · 1998
- IT&S of Iowa, Inc. v. CommissionerUnited States Tax Court · 1991
- Lio v. CommissionerUnited States Tax Court · 1985
- David H. Orth and Barbara A. Orth v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1987
84 more not listed; retrieve them via the Exa API.