Legal Opinion
Citizens Federal Savings and Loan Association of Cleveland v. United States
Court of Appeals for the Federal Circuit
Decided June 7, 1961No. 502-58PublishedCited by 36 opinions
1Opinion of the Court
DURFEE, Judge.
The general question presented by this suit is whether or not a “Federal Insurance Reserve” deducted from income in previous years by a liquidated domestic building and loan association is taxable to a transferee building and loan association for the year in which it acquired all of the assets and liabilities of the liquidated association.
Prior to November 1955, the Berea Savings and Loan Company was a building and loan association operating in Ohio, as the plaintiff is at the present time. In July of that year, Berea’s stockholders voted to accept plaintiff’s offer to purchase…
2Cases cited13 opinions
- Commissioner v. Court Holding Co.Supreme Court of the United States · 1945
- Dobson v. CommissionerSupreme Court of the United States · 1944
- United States v. Cumberland Public Service Co.Supreme Court of the United States · 1950
- Geyer, Cornell & Newell, Inc. v. CommissionerUnited States Tax Court · 1946
- West Seattle National Bank of Seattle v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1961
8 more not listed; retrieve them via the Exa API.
3Cited by36 opinions
- Putoma Corp., Successor by Merger of Pro-Mac Company, Petitioners- Cross-Appellants v. Commissioner of Internal Revenue, Cross-AppelleeCourt of Appeals for the Fifth Circuit · 1979
- Alice Phelan Sullivan Corporation, a California Corporation v. The United StatesUnited States Court of Claims · 1967
- Commissioner of Internal Revenue v. D. B. AndersCourt of Appeals for the Tenth Circuit · 1969
- Bresler v. CommissionerUnited States Tax Court · 1975
- Commissioner of Internal Revenue v. South Lake Farms, Inc., Commissioner of Internal Revenue v. South Lake FarmsCourt of Appeals for the Ninth Circuit · 1963
31 more not listed; retrieve them via the Exa API.