Legal Opinion
Long Corp. v. United States
United States Court of Claims
Decided January 12, 1962No. 116-59PublishedCited by 4 opinions
1Opinion of the CourtJoNes, Chief Judge
Plaintiff, Long Corporation, is a South Carolina corporation which has operated as a construction contractor since 1943. It files Federal income tax returns on the basis of a fiscal year ending March 31 and uses the accrual method of accounting, except that it uses the completed contract method of accounting with respect to long-term contracts. At all relevant times, plaintiff’s stock (except for qualifying shares) was owned by L. D. Long, plaintiff’s president.
In counts I and II of its petition, plaintiff sues to recover overpayments of income tax assessed for its 1952 and 1948 fiscal years,…
2Cases cited9 opinions
- Higgins v. SmithSupreme Court of the United States · 1940
- Libson Shops, Inc., v. Koehler, District Director of Internal RevenueSupreme Court of the United States · 1957
- George E. Warren Corporation v. United StatesUnited States Court of Claims · 1956
- Koppers Company v. United StatesUnited States Court of Claims · 1955
- V & M Homes, Inc. v. CommissionerUnited States Tax Court · 1957
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3Cited by4 opinions
- H. N. Miller v. The United StatesUnited States Court of Claims · 1964
- Northern Pacific Railway Company, Transferee of Northwestern Improvement Company v. The United StatesUnited States Court of Claims · 1967
- Baldwin Bros. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1966
- Baldwin Brothers, Inc. v. Commissioner Of Internal RevenueCourt of Appeals for the Third Circuit · 1966