Legal Opinion
Sam C. And Patricia L. Evans v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided August 17, 1977No. 75-3910PublishedCited by 24 opinions
1Opinion of the Court
MARKEY, Chief Judge:
Taxpayer 1 appeals from the decision of the United States Tax Court, 33 T.C.M. 1192 (1974), findings of fact amended, 34 T.C.M. 9 (1975), supplemental opinion, 34 T.C.M. 783 (1975), denying him personal deductions for depreciation and loss on the sale of an aircraft and for expenses of certain work on a dam. We affirm on the aircraft and reverse on the dam.
The Aircraft
Taxpayer was an officer of Rolling International Inc. (Rolling). Rolling desired to purchase an aircraft but could not arrange financing. Foreseeing substantial profits from acquisition and leasing of an…
2Cases cited13 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- Moline Properties, Inc. v. CommissionerSupreme Court of the United States · 1943
- National Carbide Corp. v. CommissionerSupreme Court of the United States · 1949
- Burnet v. Commonwealth Improvement Co.Supreme Court of the United States · 1932
8 more not listed; retrieve them via the Exa API.
3Cited by24 opinions
- J.R. Betson, Jr. And Joan Sue Betson v. Commissioner of Internal Revenue ServiceCourt of Appeals for the Ninth Circuit · 1986
- Susan Gloger Moncrief and Peter L. Gloger, Independent Co-Executors of the Estate of Leroy J. Gloger and Reba K. Gloger v. United StatesCourt of Appeals for the Fifth Circuit · 1984
- Jones v. CommissionerCourt of Appeals for the Fifth Circuit · 1981
- Ourisman v. CommissionerUnited States Tax Court · 1984
- Robinson v. Comm'rUnited States Tax Court · 2011
19 more not listed; retrieve them via the Exa API.