Legal Opinion
Federal National Bank of Shawnee, Oklahoma v. Commissioner of Internal Revenue
Court of Appeals for the Tenth Circuit
Decided February 13, 1950No. 3980_1PublishedCited by 19 opinions
1Opinion of the Court
PHILLIPS, Chief Judge.
This is a petition to review a decision of the Tax Court of the United States. It involves a deficiency in corporate income tax asserted against the Federal National Bank of Shawnee, Oklahoma, 1 2 of $8,494.79 for the taxable year 1944.
On or about June 25, 1919, Patrick H. Adams assigned a $20,000 policy of life insurance, theretofore issued to him by the New York Life Insuraance Company, to the Security State Bank 3 of Shawnee, Oklahoma, as collateral security for indebtedness of Adams to the Security Bank.
Adams’ indebtedness to the Security Bank in 1920 was between…
2Cases cited13 opinions
- Welch v. HelveringSupreme Court of the United States · 1933
- Helvering v. TaylorSupreme Court of the United States · 1935
- Wickwire v. ReineckeSupreme Court of the United States · 1927
- Helvering v. RankinSupreme Court of the United States · 1935
- Lucas v. Kansas City Structural Steel Co.Supreme Court of the United States · 1930
8 more not listed; retrieve them via the Exa API.
3Cited by19 opinions
- Seymour Silverman v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1976
- Thelma Rosenberg v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1971
- A. & A. Tool & Supply Co. v. Commissioner of Internal RevenueCourt of Appeals for the Tenth Circuit · 1950
- R. M. Smith, Inc. v. Commissioner of Internal RevenueCourt of Appeals for the Third Circuit · 1979
- Walter E. Ditmars and Jennie J. Ditmars v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1962
14 more not listed; retrieve them via the Exa API.