Legal Opinion
Central Bank of the South v. United States
Court of Appeals for the Eleventh Circuit
Decided December 31, 1987No. 87-7085PublishedCited by 3 opinions
1Per curiam
Central Bank of the South and Eleanor A. Russell, as executors of the estate of E. Lonnie Russell, and Eleanor A. Russell, individually, filed this action for an income tax refund in the United States District Court for the Northern District of Alabama pursuant to 28 U.S.C. § 1346. The plaintiffs claimed that the Commissioner of Internal Revenue (Commissioner) improperly allocated income to E. Lonnie Russell and Eleanor A. Russell under 26 U.S.C. § 482.1 After a bench trial, the district court held that the lease in question was an “arm’s length transaction” and ordered a refund to the…
2Cases cited9 opinions
- Larry Bonner v. City of Prichard, AlabamaCourt of Appeals for the Eleventh Circuit · 1981
- Helvering v. TaylorSupreme Court of the United States · 1935
- Continental Equities, Inc., Cross-Appellant v. Commissioner of Internal Revenue, Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1977
- Robert Mays v. United StatesCourt of Appeals for the Eleventh Circuit · 1985
- Tennessee-Arkansas Gravel Co. v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1940
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3Cited by3 opinions
- Central Bank Of The South v. United StatesCourt of Appeals for the Eleventh Circuit · 1987
- Kuhn v. CommissionerUnited States Tax Court · 1992
- Turnham v. United StatesDistrict Court, M.D. Alabama · 2019