JACOBS v. COMMISSIONER

Docket No. 19009-15.

148 T.C. 490 (2017)

148 T.C. No. 24

JEREMY M. JACOBS AND MARGARET J. JACOBS, PETITIONERS v. COMMISSIONER OF INTERNAL REVENUE, RESPONDENT.

United States Tax Court.

Filed June 26, 2017.


Attorney(s) appearing for the Case

Sean M. Akins, Jeremy D. Spector, and Lauren A. Ross, for petitioners.

Leon St. Laurent and Randall S. Trebat, Jr., for respondent.


Respondent determined deficiencies of $45,205 and $39,823 in petitioners' Federal income tax for the taxable years 2009 and 2010, respectively. The sole issue for decision is whether Deeridge Farms Hockey Association (Deeridge), a subchapter S corporation owned directly or indirectly by petitioners, is entitled to deductions for the...

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