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Fitch v. Commissioner, T.C. Memo. 2012-358

Case Conclusion Date: 12.26.2012

Practice Area: Tax

Outcome: (Not available)

Description: Co-Counsel on case involving (1) whether petitioners were entitled to amortize the purchase price of an accounting practice; (2) whether petitioners were entitled to deduct rental real estate losses, and whether rental real estate losses are limited by the passive activity loss rules of section 469 (3) whether petitioners were entitled to deduct meal and entertainment expenses beyond the amounts allowed by the IRS; (4) whether petitioners were entitled to deduct net operating loss carryovers from 2003 and 2004; and (5) whether petitioners are liable for accuracy-related penalties under section 6662(a).

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