Cohan v. Commissioner of Internal Revenue

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that the Court may estimate the amount of deductible expenses if there is a reasonable basis for making an estimate
• holding that the Tax Court should, in certain circumstances, “make as close an approximation as it can, bearing heavily if it chooses upon the taxpayer whose inexactitude is of his own making”
• stating that the Cohan rule may not be applied to certain expenses
• concluding Board of Tax Appeals “should make as close an approximation as it can, bearing heavily if it chooses upon the taxpayer whose inexactitude is of his own making”
• explaining that where a taxpayer credibly establishes that he paid or incurred a deductible expense but does not establish the amount of the deduction, the Court may estimate the allowable amount in certain circumstances
• allowing the Court to estimate a deductible amount in certain circumstances

Source: CourtListener parenthetical corpus (CC0).