Legal Opinion
Thompson v. United States Ex Rel. Department of Treasury-Internal Revenue Service
District Court, S.D. Georgia
Decided September 5, 1978No. 374-22, 374-21PublishedCited by 14 opinions
1Opinion of the Court
APPEAL FROM FINDINGS OF BANKRUPTCY COURT
OPINION AND ORDER
I
The Litigation
LAWRENCE, District Judge.
The United States appeals from the findings and Order of the Bankruptcy Judge that the Bankrupt is entitled to a deduction for net operating losses claimed to have been sustained in his farming operations in the years 1970 and 1972.
The Internal Revenue Service assessed the amount of income taxes due by the Watsons at $109,645.65. The Bankrupt maintained that a carry back loss should be allowed as a deduction against income taxes assessed for 1968, 1969 and 1971.
In an Order filed December 8, 1977,…
2Cases cited16 opinions
- Ernest Francis v. Immigration and Naturalization ServiceCourt of Appeals for the Second Circuit · 1976
- Golf City, Inc., Cross v. Wilson Sporting Goods Co., Inc., CrossCourt of Appeals for the Fifth Circuit · 1977
- Matter of Willis C. Pioch, Bankrupt, Willis C. PiochCourt of Appeals for the Third Circuit · 1956
- EQUAL EMPLOYMENT OPPORTUNITY COMMISSION, Appellant, v. UNITED VIRGINIA BANK/SEABOARD NATIONAL, AppelleeCourt of Appeals for the Fourth Circuit · 1977
- Rugel v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1942
11 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- In The Matter Of Fidelity Holding Company, Ltd.Court of Appeals for the Fifth Circuit · 1988
- In Re PremoUnited States Bankruptcy Court, E.D. Michigan · 1990
- In Re Hudson Oil Co., Inc.United States Bankruptcy Court, D. Kansas · 1988
- Bill's Forestry Service, Inc. v. Rasbury (In Re Rasbury)District Court, N.D. Alabama · 1992
- In Re St. Augustine Gun Works, Inc.United States Bankruptcy Court, M.D. Florida · 1987
9 more not listed; retrieve them via the Exa API.