Legal Opinion
Farish v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided April 4, 1939No. 8844, 8845PublishedCited by 15 opinions
1Opinion of the Court
FOSTER, Circuit Judge.
Petitioners are husband and wife, residents of Texas, and made separate tax returns of the community income for the years 1932 and 1933, taking deductions for losses incurred as members of two partnerships, to-wit, Huisache Stables and Farish, Wiess and Evans. Petitioners invoked the provisions of Sec. 23 of the Revenue Act of 1932, 26 U.S.C.A. § 23, which provide for deductions from gross income by an individual for losses “incurred in trade or business; or * * * incurred in any transaction entered into for profit, though not connected with the trade or business; * *…
2Cases cited4 opinions
- Helvering v. Tex-Penn Oil Co.Supreme Court of the United States · 1937
- Jones v. HelveringCourt of Appeals for the D.C. Circuit · 1934
- Washburn v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1931
- Farish v. CommissionerUnited States Board of Tax Appeals · 1937
3Cited by15 opinions
- Margit Sigray Bessenyey v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1967
- Clement L. Hirsch v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1963
- Henry P. White and Estate of Nancy A. White, Deceased, T. Leo Sullivan, Administrator, C.T.A. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1955
- Weir v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1940
- Patterson v. United StatesUnited States Court of Claims · 1972
10 more not listed; retrieve them via the Exa API.