Legal Opinion
Commissioner of Internal Revenue v. James
Court of Appeals for the Second Circuit
Decided May 4, 1931No. 161PublishedCited by 6 opinions
1Opinion of the Court
MANTON, Circuit Judge.
Respondent during 1918 owned a large block of stock in the Phelps Dodge Corporation. He received a large sum through a distribution made by that corporation to its stockholders in 1918, and in his report for income tax he' claimed the right to deduct from the earnings and profits available for distribution to stockholders, the federal income tax of the corporation. The petitioner claims the tax of the corporation ought not to be taken out as an expense until the end of 1918.
Section 201 of the Revenue Act of 1918 (40 Stat. 1059) expressly provides that distributions made…
2Cases cited10 opinions
- United States v. AndersonSupreme Court of the United States · 1926
- Brewster v. GageSupreme Court of the United States · 1930
- Fawcus MacHine Co. v. United StatesSupreme Court of the United States · 1931
- Edwards v. DouglasSupreme Court of the United States · 1925
- Mason v. RoutzahnSupreme Court of the United States · 1927
5 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Hadden v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1931
- Commissioner of Internal Revenue v. GoldwynCourt of Appeals for the Ninth Circuit · 1949
- Estate of Uris v. CommissionerCourt of Appeals for the Second Circuit · 1979
- Ca 79-3190 Estate of Percy Uris, Deceased, Irving Trust Co., and Joanne Uris v. Commissioner of Internal Revenue, Harold D. Uris and Ruth Uris v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1979
- Donald E. Baker and Barbara M. Baker v. United StatesCourt of Appeals for the Eighth Circuit · 1972
1 more not listed; retrieve them via the Exa API.