Legal Opinion
Neff v. United States
United States Court of Claims
Decided July 18, 1962No. 419-59PublishedCited by 15 opinions
1Opinion of the CourtDurfee, Judge
This case is now before the court on defendant’s motion for reconsideration of our original decision, which was issued April 4, 1962, ante, p. 304. Plaintiff in this action sought refund of income taxes in the amount of $8,702, paid as a result of deficiencies assessed, and interest thereon.
*324The sole legal issue before us is whether a transaction effecting a redemption of stock by a closely held corporation, as set out below, constituted a distribution essentially equivalent to a dividend, and was thus taxable to plaintiffs as ordinary income within the purview of section 302 of the Internal…
2Cases cited2 opinions
- Joseph R. Holsey and Eleanor T. Holsey v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1958
- Commissioner of Internal Revenue v. RobertsCourt of Appeals for the Fourth Circuit · 1953
3Cited by15 opinions
- United States v. DavisSupreme Court of the United States · 1970
- Eli Lilly & Co. v. United StatesUnited States Court of Claims · 1967
- Thomas Kerr and Barbara Kerr v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1964
- Gallagher v. CommissionerUnited States Tax Court · 1962
- Commissioner of Internal Revenue v. John M. Stickney, of the Estate of Henry McK Haserot, and Bonnie C. HaserotCourt of Appeals for the Sixth Circuit · 1968
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