Legal Opinion
Austin v. United States
Court of Appeals for the Fifth Circuit
Decided October 24, 1928No. 5336PublishedCited by 14 opinions
1Opinion of the Court
BRYAN, Circuit Judge.
This is a suit by the United States to collect income and excess-profit taxes claimed to be due by the Standard Coal Company for the years 1920 and 1921. The coal company was placed in liquidation in 1921, and after the payment of its creditors the sum of $11,000 was distributed to the stockholders. There were outstanding 200 shares of capital stock, of which appellant Austin owned 110 shares and Peyton H. Snook owned the remaining 90 shares. The suit was brought against Austin and Snook as stockholders who had received the corporate assets on liquidation. Snook having…
2Cited by14 opinions
- Stein v. CommissionerUnited States Tax Court · 1962
- Am-Plus Storage B. Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1929
- University Chevrolet Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1952
- R. H. Oswald Co., Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1950
- Hundley v. CommissionerUnited States Tax Court · 1967
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