Meyer A. Mathiasen and Evelyn Mathiasen v. Commissioner of Internal Revenue

U.S. Court of Appeals for the Third Circuit December 28, 1962

Meyer A. Mathiasen and Evelyn Mathiasen v. Commissioner of Internal Revenue, 310 F.2d 738 (3d Cir. 1962)

11 A.F.T.R.2d (RIA) 363

Opinion

PER CURIAM.

Upon review of the record we find no error in the holding of the Tax Court that the payment made by the petitioners (taxpayers) in compromise of litigation was not a deductible expense under either Section 162 or Section 212 of the Internal Revenue Code of 1954.

The Decision of the Tax Court will be affirmed.

Reference

Full Case Name: Meyer A. MATHIASEN and Evelyn Mathiasen, Petitioners, v. COMMISSIONER OF INTERNAL REVENUE
Cited By: 1 case
Status: Published