Legal Opinion
Arthur S. Fulman v. United States
Court of Appeals for the First Circuit
Decided November 19, 1976No. 76-1165PublishedCited by 12 opinions
1Opinion of the Court
COFFIN, Chief Judge.
The sole issue in this appeal is the validity of the Treasury regulation which pro vides that the amount of a personal holding company’s deduction for a dividend in kind is the company’s adjusted basis in the property. Appellants contend that this regulation is invalid because the only permissible interpretation of the relevant provisions of the Internal Revenue Code is that the amount of such a deduction must be the fair market value of the property that is distributed. The district court sustained the validity of the regulation. We affirm.
The tax on personal holding…
2Cases cited4 opinions
- Commissioner v. South Texas Lumber Co.Supreme Court of the United States · 1948
- United States v. CorrellSupreme Court of the United States · 1967
- Bingler v. JohnsonSupreme Court of the United States · 1969
- The H. Wetter Manufacturing Company v. United StatesCourt of Appeals for the Sixth Circuit · 1972
3Cited by12 opinions
- Fulman v. United StatesSupreme Court of the United States · 1978
- Anderson v. CommissionerUnited States Tax Court · 1976
- Edward J. Prescott and Wanda D. Prescott v. Commissioner of Internal Revenue, L. W. Simpson and Shirley Simpson v. United StatesCourt of Appeals for the Eighth Circuit · 1977
- Gulf Inland Corporation v. United StatesCourt of Appeals for the Fifth Circuit · 1978
- C. Blake McDowell, Inc. v. CommissionerUnited States Tax Court · 1978
7 more not listed; retrieve them via the Exa API.