Legal Opinion
Dunnegan v. Comm'r
United States Tax Court
Decided May 14, 2002No. 8072-00Unpublished
1Opinion of the Court
GERALD L. AND ERMA L. DUNNEGAN, Petitioners v. COMMISSIONER OF INTERNAL REVENUE, Respondent
Dunnegan v. Comm'r
No. 8072-00
United States Tax Court
T.C. Memo 2002-119; 2002 Tax Ct. Memo LEXIS 123; 83 T.C.M. (CCH) 1632; T.C.M. (RIA) 54742;
May 14, 2002, Filed
Monetary transfers that petitioners made to a corporation were capital contributions. Net profits and losses of petitioners' fireworks businesses were attributable to petitioners for purposes of self-employment tax. Payments made to a charitable organization were business expenses.
David K. Holmes, for petitioners.
Elizabeth Downs, for respondent.
C…
2Cases cited11 opinions
- Commissioner v. DubersteinSupreme Court of the United States · 1960
- Fin Hay Realty Co. v. United StatesCourt of Appeals for the Third Circuit · 1968
- United States v. American Bar EndowmentSupreme Court of the United States · 1986
- Roth Steel Tube Company v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1986
- Dixie Dairies Corp. v. CommissionerUnited States Tax Court · 1980
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