Warren Jones Co. v. Comm'r of Internal Revenue

3 Citing cases

  1. Hommel v. Comm'r

    T.C. Memo. 2020-4 (U.S.T.C. Jan. 8, 2020)

    Settlements generally don't collaterally estop parties from litigating the same issue again. See United States v. Intl. Bldg. Co., 345 U.S. 502, 506 (1953) (holding that there is no collateral estoppel from a stipulated decision); Warren Jones Co. v. Commissioner, 68 T.C. 837, 846 (1977) (holding that a stipulated computation does not give rise to collateral estoppel), aff'd, 617 F.2d 536 (9th Cir. 1980); Massaglia v. Commissioner, 33 T.C. 379, 386 (1959), aff'd, 286 F.2d 258 (10th Cir. 1961). B. Section 6651(a)

  2. Silverman v. Comm'r of Internal Revenue (In re Estate of Silverman)

    98 T.C. 6 (U.S.T.C. 1992)   Cited 3 times

    A finding that a transaction may be reported under section 453 assumes there has been a realization event and makes any further consideration of the cash equivalence doctrine redundant. See Warren Jones Co. v. Commissioner, 68 T.C. 837 (1977), affd. 617 F.2d 536 (9th Cir. 1980). Thus, despite the inclusion of the value of the buyer's obligation in the amount realized under section 1001(b), a taxpayer is entitled to report gain from the transaction under the installment method.

  3. Calcutt v. Comm'r of Internal Revenue

    91 T.C. 2 (U.S.T.C. 1988)   Cited 7 times

    Respondent properly pleaded the affirmative defense of collateral estoppel in his answer. Warren Jones Co. v. Commissioner, 68 T.C. 837, 841 (1977), affd. 617 F.2d 536 (9th Cir. 1980); Rule 39. Because collateral estoppel is an affirmative defense, respondent has the burden of proving its elements.