Legal Opinion
Key Homes, Inc. v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided November 4, 1959No. 13709_1PublishedCited by 23 opinions
1Per curiam
The petitioner, an accrual basis taxpayer, was engaged in the business of constructing and selling houses. During the fiscal year 1953 it sold five houses under a financing arrangement wherein a Savings and Loan Association made first mortgage loans to the purchasers to cover the difference between the purchase price and the cash payment. The petitioner agreed in connection with each mortgage granted by the Savings and Loan Association to deposit a certain amount of the mortgage proceeds in a savings account with the Savings and Loan Association as additional security for the loan. The…
2Cases cited6 opinions
- Commissioner v. HansenSupreme Court of the United States · 1959
- John R. Hansen and Shirley G. Hansen v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1958
- J. H. Schaeffer, Jr., and Opal R. Schaeffer v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1958
- Clifton E. Baird and Violet L. Baird v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1958
- Burl P. Glover v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1958
1 more not listed; retrieve them via the Exa API.
3Cited by23 opinions
- First Sav. & Loan Asso. v. CommissionerUnited States Tax Court · 1963
- Western Oaks Bldg. Corp. v. CommissionerUnited States Tax Court · 1968
- Glenn L. Bolling and Ila L. Bolling, Mae L. Hausmann, Fairhills Company, B & H Homes, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1966
- Schneer v. CommissionerUnited States Tax Court · 1991
- Consolidated Gas & Equipment Co. v. CommissionerUnited States Tax Court · 1961
18 more not listed; retrieve them via the Exa API.