Legal Opinion
Phipps v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided March 23, 1942No. 2371PublishedCited by 28 opinions
1Opinion of the Court
PIUXMAN, Circuit Judge.
This appeal involves the assessment of deficiency gift taxes in the amount of $21,-143.90 for the year 1935. Two questions are presented for consideration: First, whether taxpayer was entitled in his return for 1935 to claim any part of the statutory exemption of $50,000.00 j1 and,- Second, whether there was substantial evidence to sustain the Board’s valuation placed on 10,000 shares of cumulative preferred stock of the Nevada-California Electric Corporation.
In his return for the calendar year 1932, petitioner claimed an exemption of $12,-000.00 for gifts made during…
2Cases cited11 opinions
- Alamo Nat. Bank v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1938
- Robinson v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1939
- Emerald Oil Co. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1934
- Gamble v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1939
- Robertson v. RoutzahnCourt of Appeals for the Sixth Circuit · 1935
6 more not listed; retrieve them via the Exa API.
3Cited by28 opinions
- The Estate of Mary Frances Smith Bright, Deceased, by H. R. Bright, Independent v. United StatesCourt of Appeals for the Fifth Circuit · 1981
- Kniep v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1949
- Estate of Ridgely v. United StatesUnited States Court of Claims · 1967
- Rushton v. CommissionerCourt of Appeals for the Fifth Circuit · 1974
- Maytag v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1951
23 more not listed; retrieve them via the Exa API.