Legal Opinion
Rhodes v. United States
District Court, W.D. South Carolina
Decided July 30, 1965No. Civ. A. 3038PublishedCited by 10 opinions
1Opinion of the Court
HEMPHILL, District Judge.
Civil tax refund suit instituted by plaintiff 1 to recover additionally assessed, and paid, taxes for 1958. The issue presented is whether plaintiff, a cash method taxpayer, is entitled to report the gain realized on the sale in 1958 of her farm on the "installment sale” basis as provided in Section 453(b) of the Internal Revenue Code of 1954, where the purchasers, at request of and for benefit of plaintiff, placed the purchase price in escrow with a bank which was to disburse the sum to plaintiff in five annual payments. The government contends that the sale was not…
2Cases cited20 opinions
- Griffiths v. CommissionerSupreme Court of the United States · 1939
- Commissioner v. SmithSupreme Court of the United States · 1945
- H. O. Williams and Mrs. Ada L. Williams v. United StatesCourt of Appeals for the Fifth Circuit · 1955
- Farr v. CommissionerUnited States Tax Court · 1948
- Bob Hindes and Wife, Dorothy Lee v. United StatesCourt of Appeals for the Fifth Circuit · 1964
15 more not listed; retrieve them via the Exa API.
3Cited by10 opinions
- Oden v. CommissionerUnited States Tax Court · 1971
- Stiles v. CommissionerUnited States Tax Court · 1978
- Republic Petroleum Corporation v. United StatesDistrict Court, E.D. Louisiana · 1975
- Nannie Carr Harris, Incompetent, and Robert A. Eubanks, Guardian v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1973
- Harris v. CommissionerUnited States Tax Court · 1971
5 more not listed; retrieve them via the Exa API.