Add to ORKGTaxpayer, a broker and underwriter, was convicted for violations of the Securities Act of 1933 and the federal mail fraud statute, and for conspiracy to violate those statutes. He claimed a deduction for the legal expenses incurred in his defense. The Commissioner\u27s disallowance of the deduction was sustained by the Tax Court. On appeal to the Court of Appeals for the Second Circuit sitting en banc, held, reversed. Legal expenses incurred in an unsuccessful defense against criminal charges arising out of a trade or occupation are deductible ordinary and necessary business expenses
The taxpayer, a lawyer, had resided in Jackson, Mississippi for approximately thirty-five years, and...
It is apparent from an examination of the various court decisions that there is no single, common st...
Lawrence D. Sullivan, a wire lather employed by a New York City construction company incurred $1,494...
Taxpayer, a securities dealer, was tried and convicted of mail fraud and of fraud under the 1933 Sec...
Petitioners were members of a partnership engaged in the wholesale distribution of beer in Washingto...
Defendant was indicted for attempting to evade the federal tax on the income of a certain corporatio...
Petitioner was a member of a firm of lawyers engaged in general practice in Binghamton, New York. Th...
Under the judicially created public policy doctrine, the deductibility as a business expense of a pa...
Currently, the tax law denies a deduction for business expenses that violate a federal or state law ...
Petitioner gave shares of stock in a closely held family corporation to his wife and children. After...
This action was brought against the United States for a refund of income taxes paid. Plaintiff taxpa...
In 1944 the taxpayer liquidated security held for a non-business debt and deducted the balance of th...
Poirier & McLane Corp. v. Commissioner, 63 T.C. 570 (1975), rev\u27d, 547 F.2d 161 (2d Cir. 1976), c...
Plaintiff taxpayer sued to enjoin defendant city from borrowing $500,000 for general public improvem...
Taxpayer, a practicing psychiatrist and part-time teacher of psychiatry, undertook a six year traini...
The taxpayer, a lawyer, had resided in Jackson, Mississippi for approximately thirty-five years, and...
It is apparent from an examination of the various court decisions that there is no single, common st...
Lawrence D. Sullivan, a wire lather employed by a New York City construction company incurred $1,494...
Taxpayer, a securities dealer, was tried and convicted of mail fraud and of fraud under the 1933 Sec...
Petitioners were members of a partnership engaged in the wholesale distribution of beer in Washingto...
Defendant was indicted for attempting to evade the federal tax on the income of a certain corporatio...
Petitioner was a member of a firm of lawyers engaged in general practice in Binghamton, New York. Th...
Under the judicially created public policy doctrine, the deductibility as a business expense of a pa...
Currently, the tax law denies a deduction for business expenses that violate a federal or state law ...
Petitioner gave shares of stock in a closely held family corporation to his wife and children. After...
This action was brought against the United States for a refund of income taxes paid. Plaintiff taxpa...
In 1944 the taxpayer liquidated security held for a non-business debt and deducted the balance of th...
Poirier & McLane Corp. v. Commissioner, 63 T.C. 570 (1975), rev\u27d, 547 F.2d 161 (2d Cir. 1976), c...
Plaintiff taxpayer sued to enjoin defendant city from borrowing $500,000 for general public improvem...
Taxpayer, a practicing psychiatrist and part-time teacher of psychiatry, undertook a six year traini...
The taxpayer, a lawyer, had resided in Jackson, Mississippi for approximately thirty-five years, and...
It is apparent from an examination of the various court decisions that there is no single, common st...
Lawrence D. Sullivan, a wire lather employed by a New York City construction company incurred $1,494...