Alfred M. Cox and Helen B. Cox v. Commissioner of Internal Revenue
U.S. Court of Appeals for the Third Circuit
Alfred M. Cox and Helen B. Cox v. Commissioner of Internal Revenue, 354 F.2d 659 (3d Cir. 1966)
17 A.F.T.R.2d (RIA) 228
Alfred M. Cox and Helen B. Cox v. Commissioner of Internal Revenue
Opinion
The sole issue remaining in this tax case is whether in the years 1958 and 1959 taxpayer’s contention that he was engaged in the business of farming is correct.
The Tax Court, on substantial evidence in the whole case, found as a fact that in the years 1958 and 1959, taxpayer did not operate his farm on a commercial basis for profit. Consequently the expenses and losses sustained by his farm during that period were held not deductible under Section 165 of the Internal Revenue Code of 1954.
The decision of the Tax Court will be affirmed.
Reference
- Full Case Name
- Alfred M. COX and Helen B. Cox, Petitioners, v. COMMISSIONER OF INTERNAL REVENUE, Respondent
- Status
- Published