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

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    The United States Court of Appeals for the Third Circuit affirmed the decision of the Tax Court that a payment made by taxpayers Meyer and Evelyn Mathiasen to compromise litigation was not a deductible expense under Sections 162 or 212 of the Internal Revenue Code. The Tax Court had found that the payment was not a deductible expense, and upon review, the Third Circuit found no error in that holding.

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    Filed: 1962-12-28 Precedential Status: Precedential Citations: 310 F.2d 738 Docket: 13951_1

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    The United States Court of Appeals for the Third Circuit affirmed the decision of the Tax Court that a payment made by taxpayers Meyer and Evelyn Mathiasen to compromise litigation was not a deductible expense under Sections 162 or 212 of the Internal Revenue Code. The Tax Court had found that the payment was not a deductible expense, and upon review, the Third Circuit found no error in that holding.

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

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    The United States Court of Appeals for the Third Circuit affirmed the decision of the Tax Court that a payment made by taxpayers Meyer and Evelyn Mathiasen to compromise litigation was not a deductible expense under Sections 162 or 212 of the Internal Revenue Code. The Tax Court had found that the payment was not a deductible expense, and upon review, the Third Circuit found no error in that holding.

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    of 1

    310 F.

    2d 738
    63-1 USTC P 9153

    Meyer A. MATHIASEN and Evelyn Mathiasen, Petitioners,


    v.
    COMMISSIONER OF INTERNAL REVENUE.
    No. 13951.

    United States Court of Appeals Third Circuit.


    Argued Dec. 10, 1962.
    Decided Dec. 28, 1962.

    George F. Shinehouse, Jr., Philadelphia, Pa. (Zink, Shinehouse & Holmes,


    Philadelphia, Pa., on the brief), for petitioners.
    Earl J. Silbert, Dept. of Justice, Washington, D.C., (Louis F. Oberdorfer,
    Asst. Atty. Gen., Lee A. Jackson, Robert N. Anderson, Attys., Dept. of
    Justice, Washington, D.C., on the brief), for respondent.
    Before KALODNER and FORMAN, Circuit Judges, and ROSENBERG,
    District Judge.
    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.

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