Legal Opinion
Olin Bryant and Vanell Bryant v. Commissioner of Internal Revenue
Court of Appeals for the Fifth Circuit
Decided August 12, 1968No. 24874_1PublishedCited by 33 opinions
1Opinion of the Court
THORNBERRY, Circuit Judge:
This appeal from a Tax Court decision, Olin Bryant and Vanell Bryant, et al., 1966, 46 T.C. 848, raises two questions, both of which were decided in favor of the Commissioner. The first is whether the sale of a farm can be accomplished by reserving to the seller a portion of the farm’s future income in such a way that part of the purchase price is paid with dollars not taxed to the purchaser; the second involves partnership treatment under the investment credit sections of the Internal Revenue Code of 1954. As to both, we affirm.
I
On March 2, 1963, petitioners…
2Cases cited17 opinions
- Higgins v. SmithSupreme Court of the United States · 1940
- Palmer v. BenderSupreme Court of the United States · 1932
- Commissioner v. BrownSupreme Court of the United States · 1965
- Anderson v. HelveringSupreme Court of the United States · 1940
- Thomas v. PerkinsSupreme Court of the United States · 1937
12 more not listed; retrieve them via the Exa API.
3Cited by33 opinions
- Madison Gas and Electric Company v. Commissioner of Internal RevenueCourt of Appeals for the Seventh Circuit · 1980
- Madison Gas & Electric Co. v. CommissionerUnited States Tax Court · 1979
- Earl Vest and Fay Vest, Petitioners-Appellees-Cross v. Commissioner of Internal Revenue, Respondent-Appellant-CrossCourt of Appeals for the Fifth Circuit · 1973
- Hensel Phelps Constr. Co. v. CommissionerUnited States Tax Court · 1980
- Estate of Helliwell v. CommissionerUnited States Tax Court · 1981
28 more not listed; retrieve them via the Exa API.