Legal Opinion
Forbes v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided January 10, 1933No. 3387PublishedCited by 14 opinions
1Opinion of the Court
PARKER, Circuit Judge.
This proceeding involves the liability of W. S. Forbes during his lifetime for income tax for the year 1926. The Commissioner of Internal Revenue has determined a deficiency of $10,894.22, resulting from the disallowance of a loss of $50,000 in an investment in the stock of the Boyd Packing Company, a Virginia corporation, which the taxpayer claimed he has sustained in the year in question. The Board of Tax Appeals found that the corporation was formed in 19-24, and issued capital stock to the amount of $50,000, of which the taxpayer became the sole owner in that year at…
2Cases cited7 opinions
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Gunning v. CooleySupreme Court of the United States · 1930
- United States v. S. S. White Dental Manufacturing Co.Supreme Court of the United States · 1927
- Lewellyn v. Electric Reduction Co.Supreme Court of the United States · 1927
- Royal Packing Co. v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1927
2 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Morton v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1940
- Charles W. Steadman and Dorothy F. Steadman v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1970
- Mahler v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1941
- Boehm v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1945
- United States v. HardyCourt of Appeals for the Fourth Circuit · 1935
9 more not listed; retrieve them via the Exa API.