Legal Opinion
The Municipal Bond Corporation v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided September 1, 1967No. 18594PublishedCited by 21 opinions
1Opinion of the Court
VAN OOSTERHOUT, Circuit Judge.
Taxpayer, Municipal Bond Corporation, has filed this timely petition for review of the portions of the decision of the Tax Court filed September 2, 1966 (opinion 46 T.C. 219), which hold that profits realized from certain specified sales of real estate made by taxpayer were not entitled to capital gain treatment but should be taxed as ordinary income. The transactions here pertinent relate to real estate sales made by taxpayer during the years 1954 to 1958 inclusive and installments collected in such years on sales previously made.
Taxpayer reported income on a…
2Cases cited20 opinions
- Corn Products Refining Co. v. CommissionerSupreme Court of the United States · 1956
- Malat v. RiddellSupreme Court of the United States · 1966
- Commissioner v. Gillette Motor Transport, Inc.Supreme Court of the United States · 1960
- Rollingwood Corp. v. Commissioner of Internal Revenue. Bohannon v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1951
- Burnet v. Niagara Falls Brewing Co.Supreme Court of the United States · 1931
15 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Pritchett v. CommissionerUnited States Tax Court · 1974
- Byram v. United StatesCourt of Appeals for the Fifth Circuit · 1983
- Maddux Construction Co. v. CommissionerUnited States Tax Court · 1970
- Albert W. Turner and Therese L. Turner v. Commissioner of Internal Revenue, Albert W. Turner and Therese L. Turner v. Commissioner of Internal RevenueCourt of Appeals for the Fourth Circuit · 1976
- Estate of Whitlock v. CommissionerCourt of Appeals for the Tenth Circuit · 1976
16 more not listed; retrieve them via the Exa API.