1. Home
  2. Browse Decisions
  3. T.C.M.
  4. 61 T.C.M.
  5. 61 T.C.M. 2691 (1991)
 

STACOM v. COMMISSIONER

Docket No. 28610-88.

61 T.C.M. 2691 (1991)

T.C. Memo. 1991-231

Matthew J. Stacom and Estate of Claire P. Stacom, Deceased, Mark A. Berlin, Executor v. Commissioner.

United States Tax Court.

Filed May 23, 1991.

Attorney(s) appearing for the Case

Bernard S. Mark, Richard S. Kestenbaum and Mark A. Berlin, 599 Lexington Ave., New York, N.Y., for the petitioners. Michael D. Wilder, Roland Barral, Mark L. Hulse and Paulette Segal, for the respondent.

Memorandum Findings of Fact and Opinion

COLVIN, Judge:

Petitioners took deductions with respect to purchases and leasebacks of computer equipment. The deductions were disallowed on grounds that they were structured as a tax-avoidance scheme devoid of economic substance which should be disregarded for Federal income tax purposes.

Respondent determined deficiencies in petitioners' Federal income tax for 1978, 1979, 1980, and 1981 in the amounts of...

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