FREEPORT TRANSPORT, INC. v. COMMISSIONER

Docket Nos. 1922-73, 1795-73.

63 T.C. 107 (1974)

FREEPORT TRANSPORT, INC., PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT. ESTATE OF ALBERT CURCIO, DECEASED, FRANCES CURCIO, ADMINISTRATRIX AND SURVIVING WIFE, PETITIONER v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed November 12, 1974.


Attorney(s) appearing for the Case

Richard S. McIntyre, for the petitioner in docket No. 1922-73.

Ralph D. Conrad, for the petitioner in docket No. 1795-73.

David P. Smith, for the respondent.


QUEALY, Judge:

The respondent determined a deficiency in the Federal income tax of Freeport Transport, Inc., in the amount of $3,933.71 for the taxable year 1969. As a result of the agreement of the parties, the only issue remaining for decision in its case is whether it is entitled to deduct the sum of $20,000 paid to the seller as compensation in connection with the purchase of a certain trucking business.

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