Legal Opinion
Paul H. Schweitzer and Friedel Schweitzer v. Commissioner of Internal Revenue
Court of Appeals for the Third Circuit
Decided April 14, 1967No. 15937_1PublishedCited by 8 opinions
1Opinion of the Court
OPINION OF THE COURT
2Per curiam
In 1959 Paul and Friedel Schweitzer claimed a deduction for a loss on their joint income tax return under Section 165(a) of the Internal Revenue Code of 1954. The Commissioner disallowed the deduction and asserted a deficiency and the Tax Court upheld his decision.
The loss claimed by the Schweitzers was due to losses sustained on property owned by Paul Schweitzer which was confiscated in 1949 and 1952 pursuant to decrees of the Praesidium of the Hungarian People’s Republic.
The question presented is whether the Schweitzers did not sustain their losses until 1959 when the…
3Cited by8 opinions
- Halliburton Co. v. CommissionerUnited States Tax Court · 1989
- Colish v. CommissionerUnited States Tax Court · 1967
- Estate of Frank Fuchs, Deceased, Edith Fuchs, and Edith Fuchs, Surviving Wife Individually v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1969
- Chandler v. Comm'rUnited States Tax Court · 1972
- Colish v. CommissionerUnited States Tax Court · 1967
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