Court index
U.S. Tax Court tax cases
Seeded tax cases from the U.S. Tax Court in United States.
Country
United States
Court
U.S. Tax Court
Cases
3
1994
Schaefer v. Commissioner
T.C. Memo 1994-206
Taxpayers who fail to substantiate claimed business expenses with adequate records or sufficient corroborating evidence cannot rely on the Cohan rule to estimate deductions and bear the burden of proving entitlement under section 162 and the section 274 substantiation rules.
1990
Estate of Newhouse v. Commissioner
94 T.C. 193 (1990)
For estate-tax valuation of closely held stock with separate voting and non-voting classes, the fair market value must reflect what a willing buyer would actually pay given the corporate structure, and a hypothetical control premium cannot be imposed where the decedent's interest provided no realistic path to control.
1968
Estate of Smith v. Commissioner
50 T.C. 273 (1968)
Compensation earned by a decedent for services rendered but not yet received at death constitutes income in respect of a decedent under section 691 and is taxable when collected by the estate or successor.
Important disclaimer
This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.