1. Home
  2. Browse Decisions
  3. T.C.
  4. 81 T.C.
  5. 81 T.C. 77 (1983)
 

ZAPPO v. COMMISSIONER

Docket No. 6436-78.

81 T.C. 77 (1983)

ANGELO ZAPPO AND DOROTHY ZAPPO, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT

United States Tax Court.

Filed August 3, 1983.

Attorney(s) appearing for the Case

Donald J. Holzman, for the petitioners.

Louis J. Zeller, Jr., for the respondent.

SHIELDS, Judge:

Respondent determined a deficiency of $18,040.20 and an addition to tax under section 6653(b)1 of $9,020.10 in petitioners' Federal income taxes for 1974. Due to concessions by the parties, the sole remaining issue is whether petitioners had taxable gain in 1974 resulting from a settlement agreement made between petitioner Angelo Zappo (Zappo) and certain of his creditors.

FINDINGS OF FACT

This...

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