Legal Opinion
Kean v. Commissioner
Court of Appeals for the Ninth Circuit
Decided November 14, 1972No. Nos. 24843-24848PublishedCited by 55 opinions
1Opinion of the Court
WM. MATTHEW BYRNE, Jr., District Judge:
Appellants, petitioners in the Tax Court, were shareholders in Ocean Shores Bowl, Inc., hereinafter referred to as Bowl, a Washington corporation. They appeal from a judgment of the Tax Court, 51 T.C. 337, invalidating Bowl’s election under Subchapter S, §§ 1371-1379 of the Internal Revenue Code of 1954, and disallowing petitioners’ deductions on their personal tax returns of their pro rata shares of Bowl’s 1962 and 1963 net operating losses.
Bowl was formed on March 20, 1962 and had only one class of stock issued and outstanding. On October 30, 1962 Bowl…
2Cases cited15 opinions
- Commissioner v. South Texas Lumber Co.Supreme Court of the United States · 1948
- Morgan v. CommissionerSupreme Court of the United States · 1940
- Bingler v. JohnsonSupreme Court of the United States · 1969
- Charles Oran Mensik and Mary Mensik v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1964
- United States v. BeekmanCourt of Appeals for the Second Circuit · 1946
10 more not listed; retrieve them via the Exa API.
3Cited by55 opinions
- Richards v. Nielsen Freight LinesDistrict Court, E.D. California · 1985
- United States v. Albert J. Pirro, Jr., Anthony G. PirroCourt of Appeals for the Second Circuit · 2000
- Estate of Gardner v. CommissionerUnited States Tax Court · 1984
- Haft Trust v. CommissionerUnited States Tax Court · 1974
- Stephen D. Pahl Louise A. Pahl v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1998
50 more not listed; retrieve them via the Exa API.