Legal Opinion
R. Walter Graham and Dorothy H. Graham v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided January 3, 1964No. 9079PublishedCited by 22 opinions
1Opinion of the Court
J. SPENCER BELL, Circuit Judge.
This case involves an asserted income tax deficiency for the year 1957. Since May 1954, taxpayer has been a director of the New York Central Railroad Company and has regularly attended meetings of its Board, for which he has received $2,400.00 annually. Central is one of the largest railroad systems in the United States, having assets of about $2,600,- 000,000.00. There is outstanding one class of stock consisting of 6,447,410 shares, of which the taxpayer in March 1954 held 40,000 shares. Since then his holdings have increased to 66,000 shares. In 1954, Central…
2Cases cited10 opinions
- Deputy, Administratrix v. Du PontSupreme Court of the United States · 1940
- United States v. GilmoreSupreme Court of the United States · 1963
- Trust Under the Will of Bingham v. CommissionerSupreme Court of the United States · 1945
- McDonald v. CommissionerSupreme Court of the United States · 1944
- United States v. PatrickSupreme Court of the United States · 1963
5 more not listed; retrieve them via the Exa API.
3Cited by22 opinions
- Locke Manufacturing Companies v. United StatesDistrict Court, D. Connecticut · 1964
- Hoover Co. v. CommissionerUnited States Tax Court · 1979
- Carey v. CommissionerUnited States Tax Court · 1971
- J. Raymond Dyer and Jean Russell Dyer v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1965
- Cummings v. CommissionerUnited States Tax Court · 1973
17 more not listed; retrieve them via the Exa API.