J.R. Betson, Jr. And Joan Sue Betson v. Commissioner of Internal Revenue Service

U.S. Court of Appeals, Ninth Circuit · Decided 1986-10-17

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KENNEDY, Circuit Judge: Taxpayers J.R. Betson, Jr. and Joan Sue Betson (collectively “Betson”) appeal the Tax Court’s disallowance of deductions for 1970-1972 claimed under I.R.C. §§ 162, 165, and 212 in connection with the operation of certain retail liquor stores in New Mexico. The Tax Court found that the stores were in fact oper…

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