Legal Opinion
Commissioner of Internal Revenue v. Hale
Court of Appeals for the First Circuit
Decided November 10, 1933No. 2790PublishedCited by 8 opinions
1Opinion of the Court
WILSON, Circuit Judge.
This is a petition for a review of a decision of the Board of Tax Appeals. On October 23, 1926, the appellee wrote the following letter to his wife, Mary Newbold Hale:
“Dear Mary: I wish to sell you the following shares in the Moa Bay Iron Company, and to be quite frank about the purpose and make this record of the whole matter.
“I sell you these shares with no string. They cease to be mine and become yours. Thus I establish a loss for income tax purposes.
“I fix the price at $1.25 per share. There is no one known to me who would pay that or more. The market has been tested…
2Cases cited22 opinions
- Bullen v. WisconsinSupreme Court of the United States · 1916
- New Orleans v. United StatesSupreme Court of the United States · 1836
- Bullen v. State of WisconsinSupreme Court of the United States · 1918
- Frankel v. FrankelMassachusetts Supreme Judicial Court · 1899
- Gahm v. GahmMassachusetts Supreme Judicial Court · 1923
17 more not listed; retrieve them via the Exa API.
3Cited by8 opinions
- McWilliams v. CommissionerSupreme Court of the United States · 1947
- St. Louis Union Trust Co. v. United StatesCourt of Appeals for the Eighth Circuit · 1936
- Slayton v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1935
- Commissioner of Internal Revenue v. BehanCourt of Appeals for the Second Circuit · 1937
- Commissioner v. EhrhartCourt of Appeals for the Fifth Circuit · 1936
3 more not listed; retrieve them via the Exa API.