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Case Summary

Educational Resources > Art Law and Cultural Property > Case Law and Statutes > Valuation/Appraisal > Case Summary

Angell v. Commissioner

Angell v. Commissioner, 52 T.C.M. (CCH) 939 (T.C. 1986), aff'd, 861 F.2d 723 (7th Cir. 1988).

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Case Summary

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Précis
Petitioners Joseph S. and Patricia E. Angell claimed a charitable donation tax deduction on each of their tax returns for the period 1972-1980 for donations of artwork to two colleges. Respondent Commission of Internal Revenue determined deficiencies in the petitioners’ income tax for the period 1973-1980 claiming that petitioners’ claimed valuations were inflated. The Petitioners sought review, claiming . . . .

Associated Legal Decision(s)

Angell v. Commissioner, 52 T.C.M. (CCH) 939 (T.C. 1986).

Associated Statutes and/or Legislation

Internal Revenue Code - I.R.C. § 170(d), Charitable, etc., contributions and gifts

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