Legal Opinion
Michtom v. United States
United States Court of Claims
Decided July 2, 1980No. 253-76PublishedCited by 3 opinions
1Opinion of the CourtDavis, Judge
This personal income tax case (which comes before us on a stipulation of facts) centers on the proper characterization and amount of losses plaintiffs incurred in 1970 and 1974. In a previous opinion in the case, a panel of the court ruled that the 1970 loss should be characterized as an ordinary loss fully deductible under I.R.C. § 165(c)(2). Michtom v. United States, 216 Ct. Cl. 12, 573 F.2d 58 (1978). On application by the Government, we agreed that the full court would now hear argument to allow for possible reconsideration of our previous opinion.1 The court en banc *410concludes that both…
2Cases cited7 opinions
- Corn Products Refining Co. v. CommissionerSupreme Court of the United States · 1956
- Arrowsmith v. CommissionerSupreme Court of the United States · 1952
- Commissioner v. Gillette Motor Transport, Inc.Supreme Court of the United States · 1960
- Ruby Smith Stahl v. United StatesCourt of Appeals for the D.C. Circuit · 1970
- Joseph Lorch and Hannah Lorch v. Commissioner of Internal Revenue, Michael T. Harges and Janet G. Harges v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1979
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3Cited by3 opinions
- National-Standard Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1984
- Meisels v. United StatesUnited States Court of Claims · 1983
- Raphael Meisels and Zelda Meisels v. The United StatesCourt of Appeals for the Federal Circuit · 1984