Legal Opinion
Hilda Bounds v. United States
Court of Appeals for the Fourth Circuit
Decided December 15, 1958No. 7642PublishedCited by 28 opinions
1Opinion of the Court
SOBELOFF, Chief Judge.
In this suit for an income tax refund we are called upon to determine whether money paid by a corporation to the widow of a deceased executive constitutes a non-taxable gift or taxable compensation. 1
The taxpayer, widow of George C. Bounds, received in 1952 $20,000 from the Bounds Package Corporation “as recognition in part of the great contribution made by George C. Bounds, and, as additional compensation for services rendered to the Corporation by George C. Bounds during his lifetime * * The District Court concluded that the payments were intended to be and were…
2Cases cited17 opinions
- Old Colony Trust Co. v. CommissionerSupreme Court of the United States · 1929
- Bogardus v. CommissionerSupreme Court of the United States · 1937
- Gladys W. Simpson v. United StatesCourt of Appeals for the Seventh Circuit · 1958
- Bausch's Estate v. Commissioner of Internal Revenue (Two Cases)Court of Appeals for the Second Circuit · 1951
- Northup v. United StatesCourt of Appeals for the Second Circuit · 1957
12 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- Eva L. Gaugler, on Behalf of Herself and as Under the Last Will and Testament of Raymond C. Gaugler, Deceased v. United StatesCourt of Appeals for the Second Circuit · 1963
- Pierpont v. CommissionerUnited States Tax Court · 1960
- Poyner v. CommissionerCourt of Appeals for the Fourth Circuit · 1962
- Nell W. Carson v. The United StatesUnited States Court of Claims · 1963
- Poyner v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1962
23 more not listed; retrieve them via the Exa API.