Legal Opinion
E. Cody Laird and Joanne H. Laird, Cross-Appellees v. United States of America, Cross-Appellant
Court of Appeals for the Fifth Circuit
Decided August 4, 1977No. 75-2113PublishedCited by 29 opinions
1Opinion of the Court
AINSWORTH, Circuit Judge:
This suit for refund of federal income taxes involves the tax treatment of the purchase of the Atlanta Falcons professional football team franchise and the assets necessary to establish, field and operate the team. It arises out of the 1966 agreement between The Five Smiths, Inc. (Five Smiths) and the National Football League (NFL) in which, for $8.5 million, Five Smiths bought an NFL professional football franchise for Atlanta, together with the contracts for the services of forty-two veteran football players and other intangible assets. 1
The questions before us…
2Cases cited13 opinions
- Seymour Silverman v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1976
- Lewis Thurston Anderson and Clyde Velma Anderson, Lewis Thurston Anderson v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1957
- Logan Lumber Company v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1966
- Fred M. Archer and Evie B. Archer v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1955
- Houston Chronicle Publishing Company, Plaintiff-Appellee-Cross v. United States of America, Defendant-Appellant-CrossCourt of Appeals for the Fifth Circuit · 1973
8 more not listed; retrieve them via the Exa API.
3Cited by29 opinions
- Alexander v. Internal Revenue Service of the United StatesCourt of Appeals for the First Circuit · 1995
- Citizens & Southern Corp. v. CommissionerUnited States Tax Court · 1988
- Thomas Perez, Secretary v. Herbert BruisterCourt of Appeals for the Fifth Circuit · 2016
- Banc One Corp. v. CommissionerUnited States Tax Court · 1985
- Alexander v. CommissionerUnited States Tax Court · 1995
24 more not listed; retrieve them via the Exa API.