Legal Opinion
Benjamin A. Stratmore and Helen Stratmore v. United States
Court of Appeals for the Third Circuit
Decided January 29, 1970No. 17786PublishedCited by 44 opinions
1Opinion of the Court
OPINION OF THE COURT
SEITZ, Circuit Judge.
Plaintiffs, taxpayers, brought an action in the district court for a refund of income taxes for the year 1959, contending that $17,088.00 they paid as guarantors of the promissory notes of corporations of which they were officers and stockholders was fully deductible either as a loss incurred in a transaction entered into for profit though not connected with a trade or business under section 165(c) (2) of the Internal Revenue Code of 1954, or, alternatively, a bad debt incurred in a trade or business, under section 166(a) and (d). The district court…
2Cases cited5 opinions
- Whipple v. CommissionerSupreme Court of the United States · 1963
- Putnam v. CommissionerSupreme Court of the United States · 1956
- George P. Weddle and Bertha R. (Terris) Weddle v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1963
- Donald C. Niblock, Jr., and Marilyn Niblock v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1969
- Stratmore v. United StatesDistrict Court, D. New Jersey · 1968
3Cited by44 opinions
- United States v. GeneresSupreme Court of the United States · 1972
- Smith v. CommissionerUnited States Tax Court · 1970
- Horne v. CommissionerUnited States Tax Court · 1972
- M. Seth Horne and Maurine D. Horne v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1975
- Stoody v. CommissionerUnited States Tax Court · 1976
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