Hickman v. Commissioner
United States Tax Court
Atlas Groves, Inc., all of whose stock was owned by the Mary T. Hickman Trust, claimed an investment credit on its corporation income tax return for its fiscal year ended August 31, 1968, totaling $10,457.48, consisting of $3,817.80 for property acquired in that year and $6,639.68 of carryovers of unused investment credits from prior years in the aggregate amount of $6,740.74. Part of these investment credits arose from transactions with respect to certain citrus groves…
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Atlas Groves, Inc., all of whose stock was owned by the Mary T. Hickman Trust, claimed an investment credit on its corporation income tax return for its fiscal year ended August 31, 1968, totaling $10,457.48, consisting of $3,817.80 for property acquired in that year and $6,639.68 of carryovers of unused investment credits from prior years in the aggregate amount of $6,740.74. Part of these investment credits arose from transactions with respect to certain citrus groves which Atlas had purchased from William and Audrey Hickman, the two beneficiaries of the trust. Respondent allowed an…
1Opinion of the Court
William P. Hickman and Audrey M. Hickman v. Commissioner. Atlas Groves, Inc. v. Commissioner.
Hickman v. Commissioner
Docket Nos. 7396-70, 7397-70.
United States Tax Court
T.C. Memo 1972-208; 1972 Tax Ct. Memo LEXIS 48; 31 T.C.M. (CCH) 1030; T.C.M. (RIA) 72208;
September 28, 1972
Atlas Groves, Inc., all of whose stock was owned by the Mary T. Hickman Trust, claimed an investment credit on its corporation income tax return for its fiscal year ended August 31, 1968, totaling $10,457.48, consisting of $3,817.80 for property acquired in that year and $6,639.68 of carryovers of unused investment credits…
2Cases cited13 opinions
- Higgins v. SmithSupreme Court of the United States · 1940
- Commissioner v. Estate of BedfordSupreme Court of the United States · 1945
- McWilliams v. CommissionerSupreme Court of the United States · 1947
- Kaplan v. CommissionerUnited States Tax Court · 1953
- Geiger & Peters, Inc. v. CommissionerUnited States Tax Court · 1957
8 more not listed; retrieve them via the Exa API.
3Cited by1 opinion
- Sam E. Wyly v. United StatesCourt of Appeals for the Fifth Circuit · 1981