Donald L. Wilkerson v. Commissioner Of Internal Revenue

655 F.2d 980 81-2 USTC P 9657 Donald L. WILKERSON, Mary A. Wilkerson, Nick L. Lusich, Jacqueline E. Lusich, Lawrence F. Devincenzi, F. Albert Kuckhoff, Jean M. Kuckhoff, Ben Caramella, Cecile Caramella, Maurice J. Nespor, Anita M. Nespor, Theodore E. Selden, Lonnie A. Selden, Joseph F. McDonald, Mary G. McDonald, John T. Hargrove and Ruth D. Hargrove, Appellees, v. COMMISSIONER OF INTERNAL REVENUE, Appellant. No. 79-7519. United States Court of Appeals, Ninth Circuit. Argued and Submitted May 12, 1981. Decided Sept. 8, 1981. Rehearing and Rehearing En Banc Denied Nov. 12, 1981. William A. Friedlander, Washington, D. C., for appellant. Ernest J. Maupin, II, Walther, Key, Maupin & Oats, Reno, Nev., for appellees. Appeal from a Decision of The United States Tax Court. Before MARKEY, * SCHROEDER and POOLE, Circuit Judges. SCHROEDER, Circuit Judge: 1 The Commissioner of Internal Revenue appeals from a decision of the Tax Court finding that interest remitted by the taxpayers out of an advance on loan proceeds was "paid" within the meaning of Internal Revenue Code § 163(a), 26 U.S.C. § 163 (a) 1 in the year for which the interest deduction was claimed. 2 Appellees are…