Legal Opinion
Viereck v. United States
United States Court of Claims
Decided November 3, 1983No. 600-81TPublishedCited by 4 opinions
1Opinion of the Court
OPINION
REGINALD W. GIBSON, Judge:
In this tax refund suit, plaintiff, Louis P. Viereck, seeks a refund of individual income taxes allegedly erroneously assessed and paid for the taxable year 1972 in the total amount of $75,418.68, plus interest.
During the calendar year 1972, plaintiff, the sole shareholder of Viereck the Florist Inc. (VFI), received a distribution from VFI in the total amount of $396,278.17 which amount he treated as a complete liquidation under section 331, Title 26 U.S.C.1 He reported the distribution on his federal income tax return as a long-term capital gain from the…
2Cases cited50 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- United States v. JanisSupreme Court of the United States · 1976
- Lewis v. ReynoldsSupreme Court of the United States · 1932
- Minnesota Tea Co. v. HelveringSupreme Court of the United States · 1938
- Helvering v. Alabama Asphaltic Limestone Co.Supreme Court of the United States · 1942
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3Cited by4 opinions
- Fisher v. United StatesUnited States Court of Federal Claims · 2006
- Saunooke v. United StatesUnited States Court of Claims · 1985
- Suwannee River Finance, Inc. v. United StatesUnited States Court of Claims · 1985
- White's Ferry v. CommissionerUnited States Tax Court · 1993