Legal Opinion
Stephen Babin Betty Boehm Babin v. Commissioner of Internal Revenue
Court of Appeals for the Sixth Circuit
Decided July 7, 1994No. 93-1614PublishedCited by 46 opinions
1Opinion of the Court
MILBURN, Circuit Judge.
Petitioner C. Stephen Babin appeals the judgment of the Tax Court finding him liable for federal tax deficiencies for the year 1978, among others. 1 On appeal, the sole issue is whether the Tax Court erred in failing to increase the adjusted basis of petitioner’s interest in a partnership under 26 U.S.C. § 705(a)(1)(A) by the amount of the discharge of indebtedness income that petitioner did not have to recognize by reason of the judicially created insolvency exception. For the reasons that follow, we affirm.
I
A
In 1974, the Lakewood Center Medical Construction Associates…
2Cases cited12 opinions
- United States v. Kirby Lumber CoSupreme Court of the United States · 1931
- United States v. BasyeSupreme Court of the United States · 1973
- James E. Threlkeld v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 1988
- Frank F. And Judith J. Foil v. Commissioner of Internal RevenueCourt of Appeals for the Fifth Circuit · 1990
- Dallas T. & T. Warehouse Co. v. Commissioner of Int. Rev.Court of Appeals for the Fifth Circuit · 1934
7 more not listed; retrieve them via the Exa API.
3Cited by46 opinions
- Dudley B. Merkel Ladonna K. Merkel David A. Hepburn, and Nancy J. Hepburn v. Commissioner of Internal RevenueCourt of Appeals for the Ninth Circuit · 1999
- The Limited, Inc., and Consolidated Subsidiaries v. Commissioner of Internal RevenueCourt of Appeals for the Sixth Circuit · 2002
- Nelson v. CommissionerUnited States Tax Court · 1998
- Carlson v. CommissionerUnited States Tax Court · 2001
- In Re Dow Corning Corp.United States Bankruptcy Court, E.D. Michigan · 2001
41 more not listed; retrieve them via the Exa API.