ESTATE OF POLACEK v. COMMISSIONER

Docket No. 83919.

21 T.C.M. 271 (1962)

T.C. Memo. 1962-48

Estate of Charles G. Polacek, Deceased, Carolyn M. Polacek, Executrix, and Carolyn M. Polacek v. Commissioner.

United States Tax Court.

Filed March 7, 1962.


Attorney(s) appearing for the Case

Thaddeus Rojek, Esq., for the petitioners. Charles F. Quinlan, Esq., for the respondent.


Memorandum Findings of Fact and Opinion

The respondent has determined a deficiency in income tax for the taxable year 1956 in the amount of $42,931.56. The only remaining issue is whether the decedent, Charles G. Polacek, and Carolyn M. Polacek were entitled to deduct as interest a payment made by the decedent in 1956 in the amount of $67,450.40 to the All Service Life Insurance Corporation of Phoenix, Arizona.

Findings of Fact

The facts stipulated...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases