Legal Opinion
Arthur P. And Teresa Pomponio, Husband and Wife v. Commissioner of Internal Revenue
Court of Appeals for the Fourth Circuit
Decided March 28, 1961No. 8212_1PublishedCited by 8 opinions
1Opinion of the Court
HAYNSWORTH, Circuit Judge.
The taxpayer, Arthur Pomponio, received his pro rata part of substantial cash distributions made to their stockholders by corporations which had constructed and were operating housing projects. The distributed cash was generated by borrowed funds and rental receipts. The distributions were made during years when the corporations had yet to realize substantial net income from their operations.
The taxpayer allocated a small part of his receipts to dividends and reported them as such. The remainder, he treated as a return of capital. Since this portion of his receipts…
2Cases cited7 opinions
- Raymond G. Burge and Kathleen E. Burge v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1958
- Arthur Glickman Herman Glickman and Ruth Glickman and Aaron Glickmand and Freda Glickman v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1958
- R. A. Bryan and Ruby M. Bryan, C. B. McNairy and Rowena A. McNairy W. H. Weaver and Edith H. Weaver v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1960
- C. D. Spangler and Veva C. Spangler v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1960
- Sidney v. CommissionerCourt of Appeals for the Second Circuit · 1960
2 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- United States v. Woodland Terrace, Inc.Court of Appeals for the Fourth Circuit · 1961
- Frank B. Short and Katherine F. Short, and Richard L. Coleman and Betty B. Coleman v. Commission of Interenal RevenueCourt of Appeals for the Fourth Circuit · 1962
- Gelfand v. United StatesUnited States Court of Claims · 1967
- Falk v. CommissionerUnited States Tax Court · 1961
- Manassas Airport Industrial Park, Inc. v. CommissionerUnited States Tax Court · 1976
3 more not listed; retrieve them via the Exa API.