Hyman S. Zfass 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.

• explaining that factual findings made by a tax court \will be upheld unless they are clearly errone- ous\
• rejecting taxpayer’s Todd-inspired argument where the claimed benefit was disallowed solely because the asset was overvalued and part of a tax scheme
• rejecting taxpayer's Todd-inspired argument where the claimed benefit was disallowed solely because the asset was overvalued and part of a tax scheme
• agreeing with the Tax Court that interest is not a deficiency
• the valuation overstatement penalty applied because the value overstatement was a primary reason for the disallowance of the claimed tax benefits
• the valuation overstatement penalty applied because the value overstatement was a primary reason for the disallowance of the claimed tax benefits

Source: CourtListener parenthetical corpus (CC0).