Legal Opinion
Walker v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided February 19, 1937No. 8224PublishedCited by 15 opinions
1Opinion of the Court
HUTCHESON, Circuit Judge.
Petitioner was in 1930 a member of Walker Electrical Company, a partnership, successor to the partnership of Walker Electric & Plumbing Company. In that year his account on the books of the partnership was credited with $11,689.39, his proportion of a partnership indebtedness totaling $16,134.02, which was forgiven in-that year by creditors of the old partnership. Petitioner, claiming that no taxable income resulted from this forgiveness of debt, did not return for 1930 the part of it he had received. The Commissioner on an audit of his returns determined a deficiency,
2Cases cited9 opinions
- Burnet v. Sanford & Brooks Co.Supreme Court of the United States · 1931
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- Helvering v. American Chicle Co.Supreme Court of the United States · 1934
- Commissioner of Internal Revenue v. Liberty Bank & Trust Co.Court of Appeals for the Sixth Circuit · 1932
- Dallas T. & T. Warehouse Co. v. Commissioner of Int. Rev.Court of Appeals for the Fifth Circuit · 1934
4 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- Harold Wener v. Commissioner of Internal Revenue, Molly Wener v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1957
- Helvering v. Jane Holding CorporationCourt of Appeals for the Eighth Circuit · 1940
- Pacific Magnesium, Inc. v. WestoverDistrict Court, S.D. California · 1949
- Jelle v. CommissionerUnited States Tax Court · 2001
- J. I. Case Co. v. United StatesUnited States Court of Claims · 1940
10 more not listed; retrieve them via the Exa API.