1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 21 T.C.M.
  5. 21 T.C.M. 975 (1962)
 

CARPENTER v. COMMISSIONER

Docket No. 65446.

21 T.C.M. 975 (1962)

T.C. Memo. 1962-176

William K. Carpenter and Francis K. Carpenter v. Commissioner.

United States Tax Court.

Filed July 25, 1962.

Attorney(s) appearing for the Case

Kenneth W. Gemmill, Esq., 1600 Three Penn Center Plaza, Philadelphia, Pa., and Gordon W. Gerber, Esq., for the petitioners. Max J. Hamburger, Esq., for the respondent.

Memorandum Findings of Fact and Opinion

BRUCE, Judge:

Respondent determined a deficiency in the income tax of the petitioners for the year 1954 in the amount of $172,254.63. Certain adjustments made by respondent have not been contested. The only issue presented is whether petitioners are entitled to deduct as interest, payments made by the petitioner, William K. Carpenter, to the Old Republic Credit Life Insurance Company in 1954, in the amount of $189...

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