Legal Opinion
Coleman v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided January 21, 1936No. 1255PublishedCited by 8 opinions
1Opinion of the Court
McDERMOTT, Circuit Judge.
Coleman charged off $125,000 in his income tax return for 1930 as a loss resulting from an investment of that amount in the common stock of the Mountain Cross Granite Company. The Commissioner disallowed it and the Board of Tax Appeals affirmed on two grounds — one that Coleman’s proof did not disclose that the stock became worthless during the taxable year, the other that there had been a reorganization as defined by section 112 (b) (3), (i) (1), Revenue Act of 1928, 45 Stat. 816, and hence no gain or loss was recognizable.
In 1927 and 1928 Coleman paid $125,-000 for…
2Cases cited7 opinions
- Pinellas Ice & Cold Storage Co. v. CommissionerSupreme Court of the United States · 1933
- Helvering v. Minnesota Tea Co.Supreme Court of the United States · 1935
- John A. Nelson Co. v. HelveringSupreme Court of the United States · 1935
- Helvering v. WattsSupreme Court of the United States · 1935
- Bus & Transport Securities Corp. v. Helvering, Commissioner of Internal RevenueSupreme Court of the United States · 1935
2 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- Miami Beach Bay Shore Co. v. CommissionerCourt of Appeals for the Fifth Circuit · 1943
- Hawkins v. CommissionerUnited States Tax Court · 1953
- AR Jones Oil & O. Co. v. Commissioner of Internal Rev.Court of Appeals for the Tenth Circuit · 1940
- Robert W. Delk Dorothy A. Delk Michael W. Delk Mary M. Delk v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1997
- Services, Inc. v. NeillIdaho Supreme Court · 1953
3 more not listed; retrieve them via the Exa API.