Legal Opinion
Warren C. Cordner and Evelyn C. Cordner v. United States
Court of Appeals for the Ninth Circuit
Decided March 15, 1982No. 80-5459PublishedCited by 8 opinions
1Opinion of the Court
KENNEDY, Circuit Judge:
Appellants own substantially all the outstanding shares of stock of First Thrift Investors, a California corporation, and they received 275 $20 Double Eagle gold coins as a corporate dividend distribution. The coins had been purchased by a First Thrift wholly-owned subsidiary at their fair market value and had been distributed to First Thrift Investors as a dividend. Appellants reported the dividend at the face value of the coins, $5,500, but, upon audit, the Commissioner of Internal Revenue charged appellants with a taxable dividend in an amount equal to the fair…
2Cases cited4 opinions
- In Re Midas Coin CompanyDistrict Court, E.D. Missouri · 1967
- Ben Zuke, Trustee in Bankruptcy of Midas Coin Company, Inc., Bankrupt v. St. Johns Community BankCourt of Appeals for the Eighth Circuit · 1968
- Gary James Joslin v. United StatesCourt of Appeals for the Tenth Circuit · 1981
- California Federal Life Ins. Co. v. CommissionerUnited States Tax Court · 1981
3Cited by8 opinions
- Kenneth A. Stoecklin v. Commissioner of Internal RevenueCourt of Appeals for the Eleventh Circuit · 1989
- United States v. Robert KahreCourt of Appeals for the Ninth Circuit · 2013
- Pope & Talbot, Inc., and Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1999
- California Federal Life Insurance Company v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1982
- Bowers & Merena Auctions, LLC v. Lull (In Re Lull)United States Bankruptcy Court, D. Hawaii · 2008
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