Legal Opinion
Boehm v. Commissioner
Supreme Court of the United States
Decided November 13, 1945No. 69PublishedCited by 403 opinions
1Opinion of the CourtJustice Murphy
We are met here with the problem of whether the Tax Court properly found that certain corporate stock did not become worthless in 1937, thereby precluding the petitioning taxpayer from claiming a deductible loss in that year under § 23 (e) of the Revenue Act of 1936. 1
The facts, which are stipulated, show that the taxpayer in 1929 bought 1,100 shares of Class A stock of the Hartman Corporation for $32,440. This corporation had been formed to acquire the capital stock of an Illinois corporation, and its affiliates, engaged in the business of selling furniture, carpets and household goods.
In…
2Cases cited6 opinions
- Lucas v. American Code Co.Supreme Court of the United States · 1930
- Burnet v. HoustonSupreme Court of the United States · 1931
- Helvering v. WinmillSupreme Court of the United States · 1938
- Commissioner v. Scottish American Investment Co.Supreme Court of the United States · 1945
- Boehm v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1945
1 more not listed; retrieve them via the Exa API.
3Cited by403 opinions
- Commissioner v. FlowersSupreme Court of the United States · 1946
- Neonatology Assocs., P.A. v. Comm'rUnited States Tax Court · 2000
- Cardillo v. Liberty Mutual InsuranceSupreme Court of the United States · 1947
- Irving Sachs v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1960
- Herbert W. Dustin and Kathleen C. Dustin v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1972
398 more not listed; retrieve them via the Exa API.