Legal Opinion
Crosby v. United States
Court of Appeals for the Fifth Circuit
Decided July 5, 1974No. 73-2928PublishedCited by 34 opinions
1Opinion of the Court
CLARK, Circuit Judge:
Did expenditures by a family corporation allegedly made for the personal benefit of the chairman of the board of directors and his wife constitute constructive dividend income to them ?1 The district court’s answer was in the negative. Finding a portion of that answer tainted by its erroneous construction of a deed instrument which establishes the legal relationship between these parties, we vacate and remand in part and, in part, affirm.
I
Crosby Chemicals, Inc. (the corporation) was founded by taxpayer, R. H. Crosby, and is engaged in the production of industrial…
2Cases cited14 opinions
- Helvering v. TaylorSupreme Court of the United States · 1935
- Louis Greenspon v. Commissioner of Internal Revenue, (Three Cases). Anna Greenspon v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1956
- International Artists, Ltd. v. CommissionerUnited States Tax Court · 1970
- International Trading Co. v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1960
- Paramount-Richards Theatres, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1946
9 more not listed; retrieve them via the Exa API.
3Cited by34 opinions
- Neonatology Assocs., P.A. v. Comm'rUnited States Tax Court · 2000
- Magnon v. CommissionerUnited States Tax Court · 1980
- Charles W. Ireland and Carolyn P. Ireland v. United StatesCourt of Appeals for the Fifth Circuit · 1980
- James and Martha Kuper and Charles and Kathleen Kuper, Cross-Appellees v. Commissioner of Internal Revenue, Cross-AppellantCourt of Appeals for the Fifth Circuit · 1976
- Brittingham v. CommissionerUnited States Tax Court · 1976
29 more not listed; retrieve them via the Exa API.