Legal Opinion
Omaha Nat. Bank v. Commissioner of Internal Revenue
Court of Appeals for the Eighth Circuit
Decided February 8, 1935No. 10035PublishedCited by 12 opinions
1Opinion of the Court
SANBORN, Circuit Judge.
This is a petition to review an order of the Board of Tax Appeals redetermining a deficiency in the income taxes of F. J. Farrington for the year 1928. 29 B. T. A. 817, Mr. Farrington (who will be referred to as the taxpayer) died in 1932, and the petitioners are the executors of his estate. The facts out of which this controversy arises are, stipulated. There is virtually no dispute as to the applicable law. The question is whether, in the year 1928, the taxpayer realized a taxable gain of $7500 or of $59,-568.75, as the result of receiving 150 shares of the capital…
2Cases cited6 opinions
- Commissioner of Internal Revenue v. Van VorstCourt of Appeals for the Ninth Circuit · 1932
- Taplin v. CommissionerCourt of Appeals for the Sixth Circuit · 1930
- Old Colony Trust Co. v. Commissioner of Internal RevenueCourt of Appeals for the First Circuit · 1932
- Rose v. Trust Co. of GeorgiaCourt of Appeals for the Fifth Circuit · 1928
- Rodrigues v. EdwardsCourt of Appeals for the Second Circuit · 1930
1 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Majestic Securities Corp. v. Commissioner of Int. Rev.Court of Appeals for the Eighth Circuit · 1941
- Divine v. CommissionerUnited States Tax Court · 1972
- Hawke v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1940
- Estate of Ogsbury v. CommissionerUnited States Tax Court · 1957
- Connolly's Estate v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1943
7 more not listed; retrieve them via the Exa API.