Holswade v. Commissioner
United States Tax Court
Petitioner-husband (G) is a doctor employed by the corporate petitioner (C). G and petitioner-wife (F) are C's officers and are trustees of the profit-sharing plan and the pension plan maintained by C for its employees. During the years in issue, G and F attended two financial planning seminars, one aboard the QE II on a Caribbean cruise and the other at Acapulco, Mexico. G and F also attended a medical seminar aboard a ship which cruised from Norway to Finland.
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Petitioner-husband (G) is a doctor employed by the corporate petitioner (C). G and petitioner-wife (F) are C's officers and are trustees of the profit-sharing plan and the pension plan maintained by C for its employees. During the years in issue, G and F attended two financial planning seminars, one aboard the QE II on a Caribbean cruise and the other at Acapulco, Mexico. G and F also attended a medical seminar aboard a ship which cruised from Norway to Finland. C paid and deducted the registration fees and travel expenses connected with these trips. Held: 1. C's expenses allocable to…
1Opinion of the Court
Chabot, Judge:
Respondent determined deficiencies in Federal corporate income tax against the corporate petitioner for its taxable years ending October 31, 1974, and October 31, 1975, in the amounts of $269 and $625, respectively. Respondent also determined deficiencies in Federal individual income tax against the individual petitioners for 1974 and 1975, in the amounts of $951 and $1,663, respectively. After concessions by both sides, the issue for decision is whether the corporate petitioner may deduct, under section 162,1 certain expenses in connection with the individual petitioners’…
2Cases cited10 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Boser v. CommissionerUnited States Tax Court · 1981
- Fusz v. CommissionerUnited States Tax Court · 1966
- Magill v. CommissionerUnited States Tax Court · 1978
5 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Robinson v. Comm'rUnited States Tax Court · 2011
- Sklar, Greenstein & Scheer, P.C. v. CommissionerUnited States Tax Court · 1999
- Webbe v. CommissionerUnited States Tax Court · 1987
- Hall v. CommissionerUnited States Tax Court · 1996
- Helstoski v. Comm'rUnited States Tax Court · 1990
7 more not listed; retrieve them via the Exa API.