Legal Opinion
Parr v. Scofield, Collector of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided December 7, 1950No. 13160PublishedCited by 15 opinions
1Opinion of the Court
HOLMES, Circuit Judge.
This appeal is from a judgment denying appellants relief in an action to recover deficiency income taxes and interest paid by them for the year 1944 in the respective amounts of $93,173.34 and $94,323.98. These are the pertinent facts:
In 1936, George B. Parr obtained an oil and gas lease which he transferred to Hamill & Smith, a partnership, with the oral understanding that he was to have a one-fourth interest in the lease and equipment, and that Hamill & Smith were to operate the property, pay all expenses, and pay to him one-fourth of the net profits from the property.…
2Cases cited2 opinions
- Farrell v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1943
- Massey v. CommissionerCourt of Appeals for the Fifth Circuit · 1944
3Cited by15 opinions
- Redwing Carriers, Inc. v. TomlinsonCourt of Appeals for the Fifth Circuit · 1968
- Redwing Carriers, Inc. v. TomlinsonCourt of Appeals for the Fifth Circuit · 1968
- Commissioner of Internal Revenue v. Goldberger's Estate. Trounstine v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1954
- Estate of Arnett v. CommissionerUnited States Tax Court · 1958
- United States v. Hancock Bank, Trustee of the Estate of Anna F. C. Martin, Hancock Bank, Trustee of the Estate of Anna F. C. Martin v. United StatesCourt of Appeals for the Fifth Circuit · 1968
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