Legal Opinion
Arkansas Best Corp. v. Commissioner
Court of Appeals for the Eighth Circuit
Decided September 9, 1986No. Nos. 85-1702, 85-1818PublishedCited by 10 opinions
1Opinion of the Court
BOWMAN, Circuit Judge.
The issue in this case is whether a corporate taxpayer is entitled to ordinary loss treatment for losses incurred on transactions in the capital stock of another corporation. Both Arkansas Best Corporation (Arkansas Best) and the Commissioner of Internal Revenue (Commissioner) appeal the Tax Court’s judgment upholding in part and disallowing in part the Commissioner’s treatment of Arkansas Best’s losses on such transactions as capital losses. Arkansas Best Corp. & Subsidiaries v. Commissioner, 83 T.C. 640 (1984). Arkansas Best also appeals the court’s ruling upholding…
2Cases cited18 opinions
- Corn Products Refining Co. v. CommissionerSupreme Court of the United States · 1956
- Malat v. RiddellSupreme Court of the United States · 1966
- Richard R. Riss, Sr. v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1973
- Booth Newspapers, Inc. v. The United States. The Evening News Association v. The United StatesUnited States Court of Claims · 1962
- United States v. Mississippi Chemical Corp.Supreme Court of the United States · 1972
13 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Circle K Corp. v. United StatesUnited States Court of Claims · 1991
- Buehler v. CommissionerUnited States Tax Court · 1987
- Gold Kist v. CommissionerUnited States Tax Court · 1995
- Arkansas Best Corporation and Subsidiaries v. Commissioner of Internal Revenue, Arkansas Best Corporation and Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1986
- Myers v. CommissionerUnited States Tax Court · 1986
5 more not listed; retrieve them via the Exa API.