PENCE, District Judge.
This is another tax case involving the question of whether the Tax Court correctly held that the petitioner-appellant (taxpayer) was not entitled to deduct from his federal income taxes certain expenses paid and a worthless debt suffered by him, as not having been incurred in the taxpayer's trade or business.
Such facts as found by the Tax Court which we deem here pertinent may be summarized as follows:
The Las Vegas Thoroughbred...
Let's get started
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.