Legal Opinion
Orange Securities Corp. v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided November 10, 1942No. 10405PublishedCited by 41 opinions
1Opinion of the Court
SIBLEY, Circuit Judge.
One Giles on March 1, 1913, owned Florida land then worth $5,700. In 1926 he conveyed it to Beeman for notes, $20,-000 falling due annually thereafter, in aggregate amount of $98,700, secured by a mortgage of the land. Giles did not report the sale or any income from it, for the year 1926. A revenue agent in 1927 by examination of the real estate records became familiar with the conveyance, but did not report it to the Commissioner or suggest alteration of the tax return of Giles. Matters so stood, no collection having been made on the notes, till in 1930 Giles formed…
2Cases cited6 opinions
- Portland Oil Co. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1940
- Alamo Nat. Bank v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Hartwell Mills v. RoseCourt of Appeals for the Fifth Circuit · 1932
- PA Birren & Son v. COMMISSIONER OF INTERNAL REVENUECourt of Appeals for the Seventh Circuit · 1940
- Moran v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1933
1 more not listed; retrieve them via the Exa API.
3Cited by41 opinions
- Ross v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1948
- Laura Massaglia v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1961
- Mayfair Minerals, Inc. v. CommissionerUnited States Tax Court · 1971
- The Crosley Corporation v. United StatesCourt of Appeals for the Sixth Circuit · 1956
- Wichita Coca Cola Bottling Co. v. United StatesCourt of Appeals for the Fifth Circuit · 1945
36 more not listed; retrieve them via the Exa API.