Legal Opinion
Bonded Mortgage Co. v. Commissioner of Int. Rev.
Court of Appeals for the Fourth Circuit
Decided April 3, 1934No. 3560PublishedCited by 11 opinions
1Opinion of the Court
CHESNUT, District Judge.
The question presented by this petition to review the decision of the United States Board of Tax Appeals involves the proper income tax accounting of the Bonded Mortgage Company of Baltimore, a Maryland corporation, for its fiscal years ending June 30, 1926 and 1927, and raised under the Revenue Act of 1926 (44 Stat. 9).
As its name indicates, the taxpayer was engaged in the business of loaning money on mortgage security and selling to the public its own bonds or notes secured by these mortgages. The interest rate charged by it for the money loaned on mortgages was 6…
2Cases cited14 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- United States v. AndersonSupreme Court of the United States · 1926
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Old Colony Railroad v. CommissionerSupreme Court of the United States · 1932
- Brown v. HelveringSupreme Court of the United States · 1934
9 more not listed; retrieve them via the Exa API.
3Cited by11 opinions
- In Re Prudence Co.Court of Appeals for the Second Circuit · 1938
- Ohmer Register Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1942
- Dart v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1935
- Lychuk v. Comm'rUnited States Tax Court · 2001
- Metropolitan Mortg. Fund, Inc. v. CommissionerUnited States Tax Court · 1974
6 more not listed; retrieve them via the Exa API.