Legal Opinion
Filgo v. United States
District Court, N.D. Texas
Decided July 17, 1974No. Civ. A. CA 3-6507-EPublishedCited by 3 opinions
1Opinion of the Court
MEMORANDUM OPINION
MAHON, District Judge.
This is a suit brought for refund of federal income taxes in the amount of $16,662.43 plus interest of $1,003.57 for the taxable years 1968, 1969, and 1970. During those years, sand, gravel, and fill dirt were extracted from the plaintiffs’ 168-acre farm. They urge that the proceeds are payments for the sale of capital assets and that for tax purposes they are entitled to the treatment accorded capital gains. Int.Rev.Code of 1954, § 1201(b), 26 U.S.C. § 1201(b) (1970).
Plaintiffs Lee and Thelma Filgo entered into an agreement with Texas Industries, Inc.,…
2Cases cited28 opinions
- Gregory v. HelveringSupreme Court of the United States · 1935
- Burnet v. HarmelSupreme Court of the United States · 1932
- Palmer v. BenderSupreme Court of the United States · 1932
- Commissioner v. P. G. Lake, Inc.Supreme Court of the United States · 1958
- Burton-Sutton Oil Co. v. CommissionerSupreme Court of the United States · 1946
23 more not listed; retrieve them via the Exa API.
3Cited by3 opinions
- Deskins v. CommissionerUnited States Tax Court · 1986
- Robert Whitehead and Clay J. Whitehead v. United StatesCourt of Appeals for the Fifth Circuit · 1977
- Deskins v. CommissionerUnited States Tax Court · 1986