Authorities Cited: United States Code 26 U.S.C. § 165(d) 26 U.S.C. § 1221 26 U.S.C. § 1221(a) 26 U.S.C. § 1221(a)(4) 26 U.S.C. § 1222(3) 26 U.S.C. § 1275 26 U.S.C. § 1275(a)(1)(A) 26 U.S.C. § 7482 26 U.S.C. § 7482(a)(1) Code of Federal Regulations 26 C.F.R. § 1.1221 Supreme Court 308 U.S. 488, 498 313 U.S. 28, 29-61 331 U.S. 1, 6 356 U.S. 260, 261-278 364 U.S. 130, 131-180 381 U.S. 54, 55-57 480 U.S. 23, 32 485 U.S. 212, 108-218 503 U.S. 249, 253 Circuit Courts 299 F.2d 706, 708 303 F.2d 687, 691 320 F.2d 929, 932 324 F.2d 56 206 F.3d 1389, 1393 213 F.3d 927 262 F.3d 851 356 F.3d 1179 437 F.3d 399 447 F.3d 1269 465 F.3d 1243, 1245 482 F.3d 610 45 F. Supp. 2d 618