Mazzei v. Commissioner, 61 T.C. 497 (1974), was a United States Tax Court case in which the Court ruled that a taxpayer could not consider $20,000 lost to a fraudulent counterfeiting scheme as a basis for a deduction under section 165(c)(3) of the Internal Revenue Code ("Code").
Mazzei v. Commissioner, 61 T.C. 497 (1974), was a United States Tax Court case in which the Court ruled that a taxpayer could not consider $20,000 lost to a fraudulent counterfeiting scheme as a basis for a deduction under section 165(c)(3) of the Internal Revenue Code ("Code").
Source: Wikipedia "Mazzei v. Commissioner" · CC BY-SA 4.0
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