Legal Opinion
Equitable Trust Co. v. Magruder
District Court, D. Maryland
Decided March 12, 1941No. Civ. A. No. 639PublishedCited by 3 opinions
1Opinion of the Court
CHESNUT, District Judge.
The question in this federal capital stock tax case is whether the Equitable Trust Company, trustee under agreement between itself and Income Foundation Fund, Inc., dated November 20, 1934, is subject to taxation as an “association”. The applicable statutes are the Revenue Act of 1935, section 105 (as amended by section 401 of the Revenue Act of 1936), and the Revenue Act of 1936, section' 1001. See 26 U.S.C.A. Internal Revenue Acts, pages 796, 798, 971. Section 105 imposed “upon every domestic corporation with respect to carrying on or doing business for any part of…
2Cases cited8 opinions
- Morrissey v. CommissionerSupreme Court of the United States · 1935
- Helvering v. Coleman-Gilbert AssociatesSupreme Court of the United States · 1935
- Swanson v. CommissionerSupreme Court of the United States · 1935
- Helvering v. CombsSupreme Court of the United States · 1935
- A. A. Lewis & Co. v. CommissionerSupreme Court of the United States · 1937
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3Cited by3 opinions
- Estate of Craig M. Smith, Deceased, Ruth E. Smith v. Commissioner of Internal RevenueCourt of Appeals for the Eighth Circuit · 1963
- Yonce v. Miners Memorial Hospital Ass'nDistrict Court, W.D. Virginia · 1958
- Pennsylvania Co. for Insurances on Lives & Granting Annuities v. United StatesCourt of Appeals for the Third Circuit · 1943