Legal Opinion
Dearing v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided March 3, 1939No. 8880PublishedCited by 14 opinions
1Opinion of the Court
SIBLEY, Circuit Judge.
The taxpayer, Willis R. Dearing, during the tax year 1932 was a partner in the firm of R. H. Dearing &' Company, which was doing a large business in drilling oil wells and receiving pay for its services partly in cash and partly in a right to payment of a fixed sum out of the oil and gas produced, saved and marketed from the several wells successfully brought in. The present contest relates to the proper treatment for income tax purposes of the receipts in or from these socalled “oil payments.” The partnership returned only the money received, having always made its…
2Cases cited6 opinions
- Palmer v. BenderSupreme Court of the United States · 1932
- Thomas v. PerkinsSupreme Court of the United States · 1937
- Commissioner of Internal Revenue v. FlemingCourt of Appeals for the Fifth Circuit · 1936
- Edwards Drilling Co. v. CommissionerUnited States Board of Tax Appeals · 1937
- Commissioner of Internal Revenue v. Edwards Drilling Co.Court of Appeals for the Fifth Circuit · 1938
1 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- William H. Zuhone, Jr. And Audra M. Zuhone v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1989
- Commissioner of Internal Revenue v. The Mammoth Coal CompanyCourt of Appeals for the Third Circuit · 1956
- Lee v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1942
- Commissioner of Int. Rev. v. Rowan Drilling Co.Court of Appeals for the Fifth Circuit · 1942
- Boudreau v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1943
9 more not listed; retrieve them via the Exa API.