Fox v. Commissioner
United States Tax Court
Ps are commodities dealers who entered into futures straddle transactions on the London Metal Exchange similar to those evaluated by this Court in Glass v. Commissioner,87 T.C. 1087 (1986), affd. sub nom. Herrington v. Commissioner,854 F.2d 755 (5th Cir. 1988), affd. sub nom.
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Ps are commodities dealers who entered into futures straddle transactions on the London Metal Exchange similar to those evaluated by this Court in Glass v. Commissioner,87 T.C. 1087 (1986), affd. sub nom. Herrington v. Commissioner,854 F.2d 755 (5th Cir. 1988), affd. sub nom. Yosha v. Commissioner, F.2d (7th Cir., Nov. 8, 1988), and Cook v. Commissioner,90 T.C. 975 (1988). Held, Ps' transactions were as a matter of law shams in substance despite respondent's failure to produce specific information regarding the amount of capital gains subsequently realized on closing out the second leg of the…
1Opinion of the Court
JACK M. FOX AND MARLISS S. FOX, ET AL., 1 Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Fox v. Commissioner
Docket Nos. 3453-79; 10069-79; 10233-79; 10234-79; 10236-79; 10237-79; 10238-79; 10239-79; 10240-79; 10241-79; 10242-79; 10243-79; 10244-79; 13246-80; 13247-80; 13248-80; 21879-80; 22240-80; 22291-80; 22292-80; 22293-80; 22294-80; 22295-80; 22296-80; 22297-80; 23476-81; 23477-81; 23478-81; 23479-81; 23480-81; 23614-81; 31359-81; 974-82; 13919-82; 13920-82; 16675-83; 21394-83.
United States Tax Court
T.C. Memo 1988-570; 1988 Tax Ct. Memo LEXIS 603; 56 T.C.M. (CCH) 863; T.C.M.…
2Cases cited8 opinions
- Naftel v. CommissionerUnited States Tax Court · 1985
- Jacklin v. CommissionerUnited States Tax Court · 1982
- Glass v. CommissionerUnited States Tax Court · 1986
- Smith v. CommissionerUnited States Tax Court · 1982
- Clemon J. And Ivy C. Herrington v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1988
3 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Lerman v. CommissionerCourt of Appeals for the Third Circuit · 1991
- Gardner v. CommissionerCourt of Appeals for the Second Circuit · 1992
- Charles S. Lerman and Barbara Lerman, Cross-Appellants at No. 90-1835 at No. 90-1813 v. Commissioner of Internal Revenue, at No. 90-1813 Cross-Appellee at No. 90-1835. Joseph L. Fraites and Evelyn Fraites, Cross-Appellants at No. 90-1836 at No. 90-1814 v. Commissioner of Internal Revenue, at No. 90-1814 Cross-Appellee at No. 90-1836. Dwight B. Massey and Joann v. Massey, Cross-Appellants at No. 90-1837 at No. 90-1815 v. Commissioner of Internal Revenue, at No. 90-1815 Cross-Appellee at No. 90-1837Court of Appeals for the Third Circuit · 1991
- Kazi v. CommissionerUnited States Tax Court · 1991
- Endeavor Partners Fund, LLC, Delta Currency Trading, LLC, Tax Matters Partner v. CommissionerUnited States Tax Court · 2018
1 more not listed; retrieve them via the Exa API.