1. Home
  2. Browse Decisions
  3. T.C.
  4. 74 T.C.
  5. 74 T.C. 4 (1980)
 

ADAMS v. COMMISSIONER

Docket No. 12238-78.

74 T.C. 4 (1980)

MARVIN R. ADAMS, JR., AND JEANNE H. ADAMS, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed April 3, 1980.

Attorney(s) appearing for the Case

Joseph C. Ferrell, for the petitioners.

Avery B. Cousins III, for the respondent.

OPINION

DAWSON, Judge:

Respondent determined a deficiency of $22,995 in petitioners' Federal income tax for the year 1975.

At issue is whether petitioners can treat the loss on their corporate stock as an ordinary loss under section 12441 when the stock had been previously issued to a third party, later repurchased by the corporation which returned it to the status of authorized...

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