Legal Opinion
William B. Cudlip and Lynwood B. Cudlip v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided February 18, 1955No. 12165PublishedCited by 9 opinions
1Opinion of the Court
McALLISTER, Circuit Judge.
Petitioners, husband and wife, in their joint income tax return for 1949, claimed a deduction from gross income in the amount of $30,000 on the ground that it was a loss incurred in a transaction entered into for profit and properly allowable to them as a deduction under Section 23(e) (2) of the Internal Revenue Code, 26 U.S.C.A. The Commissioner’s denial of the deduction was sustained by the Tax Court.
Petitioner, William B. Cudlip, is an attorney engaged in a legal practice having to do, principally, with banks, corporations, and business ventures. Sometime prior to…
2Cases cited9 opinions
- Spring City Foundry Co. v. CommissionerSupreme Court of the United States · 1934
- Eckert v. BurnetSupreme Court of the United States · 1931
- Helvering v. PriceSupreme Court of the United States · 1940
- Shiman v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1932
- Fox v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1951
4 more not listed; retrieve them via the Exa API.
3Cited by9 opinions
- Putnam v. CommissionerSupreme Court of the United States · 1956
- Lawrence v. CommissionerUnited States Tax Court · 1957
- Frank Nelson, Jr. And Lee Etta Nelson v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1960
- Max Putnam and Elizabeth Putnam v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1955
- Maryland Savings-Share Insurance v. United StatesUnited States Court of Claims · 1981
4 more not listed; retrieve them via the Exa API.