REED v. COMMISSIONER

Docket No. 16675-87.

56 T.C.M. 363 (1988)

T.C. Memo. 1988-470

Randy R. Reed III v. Commissioner.

United States Tax Court.

Filed September 27, 1988.


Attorney(s) appearing for the Case

Harvey L. Warren III, Suite 624, Petroleum Bldg., Beaumont, Tex., for the petitioner. David E. Whitcomb, for the respondent.


Memorandum Findings of Fact and Opinion

PARR, Judge:

Respondent determined a deficiency of $4,807 in petitioner's Federal income tax for taxable year 1983. The sole issue to be decided is whether petitioner's activities as a treasure hunter and marine archaeological explorer were engaged in for profit.

Findings of Fact

Some of the facts have been stipulated and are so found. The stipulated facts and attached exhibits are incorporated herein...

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